Prosafe SE

Share Issue/Capital Change • May 10, 2023

Prosafe SE: Key Information regarding the Subsequent Offering

Prosafe SE: Key Information regarding the Subsequent Offering

Reference is made to the announcement by Prosafe SE (the "Company") on 10 May

2023 regarding the private placement of new shares in the Company with gross

proceeds in the amount of approximately USD 30 million (the "Private

Placement").

Subject to, inter alia, completion of the Private Placement, approval by the

extraordinary general meeting to be summoned, approval and publication of a

prospectus and prevailing market price of the Company's shares being higher than

the Offer Price as determined by the board of directors, the board of directors

proposes to carry out a subsequent offering of up to 427,350 new shares at the

Offer Price (the "Subsequent Offering"). A Subsequent Offering shall, if made,

and on the basis of the prospectus, be directed towards existing shareholders in

the Company as of 10 May 2023, as registered in the Company's register of

shareholders with Euronext Securities Oslo on 12 May 2023, and who (i) were not

included in the pre-sounding phase of the Private Placement, (ii) were not

allocated Offer Shares in the Private Placement, and (iii) are not resident in a

jurisdiction where such offering would be unlawful or would (in jurisdictions

other than Norway) require any prospectus, filing, registration or similar

action (the "Eligible Shareholders"). The Eligible Shareholders are expected to

be granted non-tradable subscription rights. Oversubscription and subscription

without subscription rights are not allowed. The subscription period in a

Subsequent Offering is expected to commence shortly after publication of the

prospectus. The Company reserves the right in its sole discretion to not conduct

or to cancel the Subsequent Offering.

Date for announcement of terms: 10 May 2023

Last day including right to receive subscription rights: 10 May 2023

First day excluding right to receive subscription rights: 11 May 2023

Record date: 12 May 2023

Maximum number of new shares: 427,350

Subscription price: NOK 117 per share

Prosafe is a leading owner and operator of semi-submersible accommodation

vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.

For more information, please refer to www.prosafe.com (https://www.prosafe.com).

Prosafe SE

10 May 2023

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.