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Part conversion of convertible bonds, new shares issued
Reference is made to the convertible bonds issued by Prosafe SE ("Prosafe" or the Company") on 15 September 2016, with ISIN NO 001077102.5 ("Convertible Bonds").

Notices for part conversion have been received on the basis of which Convertible Bonds of nominal value NOK 200,184 have today been converted into 8,007 new ordinary shares in the Company, based on the conversion price of NOK 25 per share. Following the conversion, the remaining outstanding principal of the Convertible Bonds is reduced to NOK 78,589,829. The number of outstanding shares in the Company has increased to 71,407,009 shares, each of nominal value EUR 0.1.

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The Company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com

Larnaca, 3 February 2017
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO
Prosafe Management AS
Phone: +47 51 64 25 17 / +47 47 80 78 13

Robin Laird, Acting CFO
Prosafe Offshore Services Pte Limited
Phone: +65 81 27 21 01

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20
 

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