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Key information relating to the subsequent offering
Reference is made to announcements by Prosafe SE (the "Company" or "Prosafe") on 7 July 2016 regarding a comprehensive refinancing. Reference is further made to announcements of 7 July 2016 and 13 July 2016 concerning the launch and completion of a USD 130 million to USD 150 million private placement of new shares, and a subsequent offering of up to USD 15 million with non-tradable subscription rights for eligible shareholders.

Date on which the terms of the subsequent offering was announced:

13 July 2016

Last day including right to receive subscription rights:

12 July 2016

First day excluding right to receive subscription rights:

13 July 2016

Record date:

14 July 2016

Date of approval:

expected medio August 2016

Maximum number of new shares:

up to 504,000,000

Subscription price:

NOK 0.25

The subsequent offering is conditional upon approval of the private placement and the subsequent offering by an extraordinary general meeting of the Company expected to be held medio August 2016, approval and publication of listing and offering prospectus as well as fulfillment of the other conditions for the refinancing announced on 7 July 2016.

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. The company operates globally 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

Larnaca, 13 July 2016

Georgina Georgiou, General Manager
Prosafe SE       
 

For further information, please contact:

Stig Harry Christiansen, Acting CEO and CFO
Prosafe Management AS
Phone: +47 478 07 813