Prosafe SE

Share Issue/Capital Change • Jul 13, 2016

Prosafe SE: Key information relating to the subsequent offering

Prosafe SE: Key information relating to the subsequent offering

Reference is made to announcements by Prosafe SE (the "Company" or "Prosafe") on

7 July 2016 regarding a comprehensive refinancing. Reference is further made to

announcements of 7 July 2016 and 13 July 2016 concerning the launch and

completion of a USD 130 million to USD 150 million private placement of new

shares, and a subsequent offering of up to USD 15 million with non-tradable

subscription rights for eligible shareholders.

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|Date on which the terms of the subsequent offering |13 July 2016 |

|was announced: | |

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|Last day including right to receive subscription |12 July 2016 |

|rights: | |

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|First day excluding right to receive subscription |13 July 2016 |

|rights: | |

+---------------------------------------------------+--------------------------+

|Record date: |14 July 2016 |

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|Date of approval: |expected medio August 2016|

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|Maximum number of new shares: |up to 504,000,000 |

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|Subscription price: |NOK 0.25 |

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The subsequent offering is conditional upon approval of the private placement

and the subsequent offering by an extraordinary general meeting of the Company

expected to be held medio August 2016, approval and publication of listing and

offering prospectus as well as fulfillment of the other conditions for the

refinancing announced on 7 July 2016.

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

accommodation vessels. The company operates globally 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, 13 July 2016

Georgina Georgiou, General Manager

Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO and CFO

Prosafe Management AS

Phone: +47 478 07 813

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2028265]