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Prosafe SE

Transaction in Own Shares May 11, 2010

3718_rns_2010-05-11_2cd0b912-c62b-464d-a9c2-e1f7b1da1cd7.html

Transaction in Own Shares

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PROD - Proxies for Annual General Meeting 11 May 2010

Reidar Lund, Chairman of Prosafe Production Public Limited, has been appointed

to act as proxy without specific voting instructions for a total of 45,646,247

shares, or 17.89 % of the share capital at the annual general meeting to be held

11 May 2010. The proxies are valid for this annual general meeting only.

Reidar Lund and related parties also hold 190,000 shares, bringing the total

number of voting rights for Mr. Lund to 45,836,247 shares, or 17.96 % of the

share capital.

The flagging limit exceeded is 15%.

Limassol, 11 May 2010

Prosafe Production Public Limited

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1414576]

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