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Update on agreements with Cosco and lenders – Agreements effective 31 August 2018
Reference is made to announcement of 29 August 2018, whereby it was reported that Prosafe ("Prosafe" or the "Company") had received confirmation of support from all lenders for implementation of the agreements and the amendments to the Company's loan facilities.

The Company confirms that all conditions precedent for the effectiveness of the agreements and amendments have now been satisfied. The agreements and the amendments to the loan facilities are effective as of 31 August 2018. 
For further detail on the relevant agreements, please refer to announcements of 3 August and 29 August 2018 and the attachments thereto, available on and 
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. 

For further information, please contact:
Jesper K. Andresen, CEO
Phone: +47 907 65 155
Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 478 07 813