Prosafe SE

Third quarter 2014 results - Seite 3

The recently introduced energy reform in Mexico should encourage increased exploration and, eventually, development activity in the deep-water areas. Although this does not affect demand for accommodation support services in the near-term, it represents substantial potential opportunities in the longer-term.

The outlook for further demand growth in Brazil is positive and there should be potential for further contract awards in the coming year. However, the Brazilian market is characterised by a crowded and fragmented supply side. Accordingly, competition for contracts will continue to be strong.

Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 245.1 million in 2013 and net profit was USD 199.1 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.

Attachments: Q3 2014 report, Q3 2014 presentation

Larnaca, 5 November 2014
The Board of Directors of Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: + 47 51 64 25 81

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: [phone]

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

Q3 2014 report
Q3 2014 presentation

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Source: Prosafe SE via Globenewswire

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