Prosafe SE

Safe Bristolia work program increased and contract extension for Safe Astoria

Reference is made to press release dated 21January 2013. Prosafe and BG Group

have agreed a change to the Safe Bristolia accommodation support vessel work

programme in 2014 to allow inclusion of a contract award from ConocoPhillips

Petroleum Company U.K. Limited for the provision of the vessel at the Judy

platform in the U.K. sector of the North Sea.

Operations at Judy are planned to commence in May for a firm period of 4 months.

Thereafter, from September 2014, the Safe Bristolia will relocate to BG Group's

Everest platform for a firm period of approximately 3 months. As a result, the

overall work programme for the vessel increases by 24 days and has a value of

approximately USD 8.3 million.

Reference is made to the press release dated 19 December 2013, in which Prosafe

announced the award of a 60-day contract by Swiber for Safe Astoria. The

contract has been extended by a firm period of 43 days at the same dayrate. The

contract value of the extension is USD 4.7 million.

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

accommodation/service rigs. Operating profit reached USD 245.1 million in 2013

and net profit was USD 199.1 million. The company operates globally, employs

595 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, 14 April 2014

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Sven Børre Larsen, Chief Financial Officer

Prosafe Management AS

Phone: +47 51 64 25 30

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

Prosafe AS

Phone: +47 51 64 25 20/ +47 99 10 94 67

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1777089]

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