Prosafe SE

Contract award for Safe Caledonia

Prosafe has signed a contract with a major oil and gas operator for the Safe Caledonia to provide accommodation support in the UK sector of the North Sea. The firm duration of the contract commencing mid-April 2019 is four months with up to two months of options.

Total value of the contract excluding the option periods is approximately USD 12 million.

Jesper Kragh Andresen, CEO of Prosafe says: "Prosafe is extremely pleased to secure this contract after a competitive bidding process. We are very confident that Prosafe will once again demonstrate industry leading operations in a safe and efficient manner using the Safe Caledonia, proven as one of the best performing accommodation vessels in the world."

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

Stavanger, 19 September 2018
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: [phone]

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

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

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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