The contract runs until the beginning of August 2010 at an unchanged dayrate.

Larnaca, 1 July 2010
Prosafe SE

For further information, please contact:

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

Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning
Phone: +47 908 81 657