Prosafe SE

Transaction in Own Shares • Apr 6, 2010

Safe Astoria second option exercised

Shell Philippines Exploration B.V. has exercised a 23-day option with

commencement early June 2010 for the continued use of theSafe Astoria

accommodation support rig at the Malampaya Shallow Water Platform offshore

Palawan, Philippines. The value of the exercised option period is USD 2.76

million.

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, 6 April 2010

Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning

Phone: +47 51 64 25 81 / +47 908 81 657

[HUG#1400613]