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Key information relating to the reverse share split
Reference is made to the extraordinary general meeting of Prosafe SE (the "Company" or "Prosafe") on 30 November 2016, where a reverse share split and certain ancillary actions were approved (the "EGM").

The reverse share split will be implemented in the ratio of 100:1, so that every 100 ordinary shares of nominal value EUR 0.001 each will be consolidated into 1 ordinary share, each of nominal value EUR 0.1. There will not be any change of ISIN in connection with the reverse share split.

Please note the following key dates for implementation of the reverse share split:

Date of announcement of the reverse share split:

30 November 2016

Last day before reverse share split (last inc day):

5 December 2016

First day after reverse share split (ex date):

6 December 2016

Record date:

7 December 2016

Date of approval:

30 November 2016

Pursuant to authorization granted by the EGM, the Company has in order to facilitate the reverse share split issued 84 new ordinary shares of nominal value 0.001. The new number of shares (prior to completion of the reverse share split) is thus 6,553,010,200, each of nominal value EUR 0.001. Following completion of the reverse share split, the number of shares outstanding will be 65,530,102 of nominal value EUR 0.1 each.

Prosafe is a 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

Larnaca, 2 December 2016
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 / +47 478 07 813

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