Prosafe SE

Financial Statements for 2016 approved

The Board of Directors of Prosafe SE has approved the financial statements for 2016 showing a net profit of USD 172.6 million, resulting in diluted earnings per share of USD 8.10.

The company reported its IFRS unaudited fourth quarter and preliminary full year 2016 results on 9 February 2017. There were no changes to the consolidated statements of profit and loss or the statements of financial position compared to those presented on 9 February 2017.

The Annual Report for 2016 will be published on the company's website and notified to the Oslo Stock Exchange in April 2017.

The Annual General Meeting will be held on 10 May 2017.

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com

Larnaca, 24 March 2017
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Deputy CEO and CFO
Prosafe Management AS
Phone: [phone]

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

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

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Source: Prosafe SE via Globenewswire