Prosafe SE

Completed NOK 350 million private placement - Seite 2

The Company's share capital following the Private Placement will be EUR 21 690 040 divided into 17 352 032 shares, each with a par value of EUR 1.25 per share.

The Offer Shares allocated in the Private Placement are expected to be settled on a delivery versus payment (“DVP”) basis on or about 21 November 2023, following completion of the Conditions including the share capital increase pertaining to the Offer Shares being registered with the Norwegian Register of Business Enterprises (the “NRBE”), expected on or about 20 November 2023. The DVP settlement will be facilitated by prepayment under the terms of the Pre-Payment Agreement. The Offer Shares cannot be traded on Oslo Børs before the share capital increase pertaining to the issuance of the Offer Shares has been registered with the NRBE. The Company will announce when such registration has taken place, and the Company expects that the Offer Shares, except for those Offer Shares described in the paragraph immediately below, will commence trading on Oslo Børs on or about 20 November 2023.

A portion of the Offer Shares in the Private Placement will be delivered on a separate, temporary ISIN pending approval of a listing prospectus by the Financial Supervisory Authority of Norway and will not be listed or tradable on Oslo Børs until the listing prospectus has been published (expected at the end of November 2023 approx. 1 week post the EGM). Certain investors with subscription indications from the wall-crossing phase in the Private Placement have accepted to take delivery of the majority of such Offer Shares. All other investors will receive a pro rata portion of their allocated Offer Shares (i) in accordance with the DVP settlement timeline described above (immediate trading after EGM), and (ii) in accordance with the mentioned listing prospectus timeline (delayed trading after EGM).

Gross Management AS, controlled by Glen Rødland, chair of the Board of directors, have subscribed for and been allocated 71,167 shares. Vicama Capital AS, related party of Simen Flaaten, member of the Board of Directors, have subscribed for and been allocated 184,917 shares. Nina Udnes Tronstad, member of the Board of Directors, have subscribed for and been allocated 1 667 shares. Reese McNeel, CE/CFO, have subscribed for and been allocated 1 250 shares.