Q4 2010 results and webcast on 17 February 2011

Prosafe SE informs that the results for the fourth quarter of 2010 and the

preliminary results for the year 2010 will be published on 17 February 2011 at

approx. 8:30 a.m. CET. Karl Ronny Klungtvedt, Chief Executive Officer and Sven

Børre Larsen, Chief Financial Officer will the same day at 10:00 a.m. CET give a

presentation of the result at Shippingklubben, Haakon VII's gate 1 in Oslo.

The presentation can be followed live via web streaming at

http://www.prosafe.com. It will also be possible to ask questions via e-mail

during the presentation. The connection to the web streaming can be tested from

11 February 2011. You will find a link to the web cast on the main page of

Prosafe's website.

Prosafe is the world's leading owner and operator of semi-submersible

accommodation/service rigs. Operating profit reached USD 218.6 million in 2009.

The company operates globally, employs approx. 400 people and is headquartered

in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker

code PRS. For more information, please refer to www.prosafe.com.

Larnaca, 27 January 2011

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer

Prosafe Management AS

Phone: +47 908 81 657

Sven Børre Larsen, Chief Financial Officer

Prosafe Management AS

Phone: +47 909 43 673

[HUG#1482884]

AI Terminal