Prosafe SE

Prosafe bond buy-back

Prosafe SE is contemplating a buy-back of up to NOK 500 million nominal outstanding amount of PRS07 (ISIN: NO0010600299) senior unsecured bonds maturing 25 February 2016.

The buy-back will be conducted as a "reverse Dutch auction", where Prosafe SE, through the Manager, will receive offers for desired volume(s) at desired price(s) for sale from the bondholders on a confidential basis.

All bondholders (subject to legal constraints, if any) are hereby invited and are eligible to provide offers for sale of all or a portion of their bonds through submission of the attached bondholders offer form (the "Bondholders Offer Form").

Due date for submission is 16:00 CET 5 March 2015. Prior to 09:00 CET 6 March 2015, Prosafe SE will decide upon an eventual buy-back price (the "Buy-Back Price") and consequently the total amount of PRS07 bonds purchased. All bondholders with offers equaling the Buy-Back Price or lower will receive the Buy-Back Price on amounts offered within the price range. Cash settlement including accrued interests is set to 10 March 2015.

Nordea Markets is acting as Manager for the buy-back.

All submissions of Bondholders Offer Form are to be sent by e-mail to Nordea Markets, Debt Capital Markets no later than 16:00 CET 5 March 2015, represented by:

• Kristoffer Sletten, e-mail: [e-mail]  

For more information, please contact sales representatives at Nordea Markets:

• Kristoffer Johansen, tel: [phone], e-mail: [e-mail]
• Stein Morten Sæther, tel: [phone], e-mail: [e-mail]

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 248.3 million in 2014 and net profit was USD 178.8 million. The company operates globally, employs 650 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

Attachment: Bondholders Offer Form

Larnaca, 26 February 2015
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Cecilie Helland Ouff, Senior Manager - Finance and Investor Relations
Prosafe AS
Phone: [phone]

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Bondholders Offer Form

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Prosafe SE via Globenewswire

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