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New contemplated bond issue
Prosafe SE is contemplating to issue a new bond loan in the Norwegian credit market with maturity in October 2013. The purpose of the loan is refinancing of existing debt and for general corporate purposes. Pareto Securities AS has been appointed as arranger of the new contemplated bond issue.

Larnaca, 24 September 2009
Prosafe SE

For further information, please contact:

Arne Austreid, President and CEO
Phone: +357 2462 1746 / + 357 992 75 030

Karl Ronny Klungtvedt, Exec. VP Corporate Strategy and Planning
Phone: +47 51 64 25 81 / +47 908 81 657