Notice for part conversion has been received on the basis of which Convertible Bonds of nominal value NOK 2,000,000 have today been converted into 80,000 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 68,810,735. The number of outstanding shares in the Company has increased to 81,140,038 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 towww.prosafe.com

Larnaca, 24 May 2018
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Deputy CEO and CFO
Prosafe Management AS
Phone: +47 51 64 25 17 / +47 478 07 813Cecilie Helland Ouff, Senior Manager - Corporate Finance and Treasury
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467

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

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Prosafe SE published this content on 24 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2018 10:07:09 UTC