. PROS - Prospector Offshore Drilling S.A. Notice of Extraordinary General Meeting of Shareholders Luxembourg, 25 November 2014 - With reference to the announcement made on 24 November

2014, upon request by shareholders representing 89.99% of the shares in Prospector Offshore Drilling S.A. (the "Company" or "PROS"), the Company announced today the Convening Notice to an Extraordinary General Meeting of Shareholders (the "Meeting") to be held for the purpose of voting on resolutions pertaining to changes to the Board of Directors of the Company.
The Meeting will be held on 17 December 2014, at 2:00 p.m. (Central European Time) at the Company's registered office, at 6, rue Eugène Ruppert, L-2453, Luxembourg, Grand-Duchy of Luxembourg.
The materials for the Meeting (in particular, the convening notice including the agenda and draft resolutions) are available at the registered office of the Company and on its website (http://www.prospectoroffshoredrilling.com). A printed version of the materials for the Meeting will be sent to all shareholders by ordinary mail.
This press release contains forward-looking statements that involve risks and uncertainties. You are cautioned not to put undue reliance on forward-looking statements because actual events and results may differ materially from the expected results described by such forward-looking statements. Prospector Offshore Drilling S.A. disclaims any obligation to update and revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

About the Company:

PROS is a high specification jack-up drilling contractor. PROS currently has two rigs within its fleet and contracts in place for the design, construction, and delivery of an additional three JU2000E high specification, harsh environment ("HS/HE") jack-up drilling rigs. Upon deployment of its rigs, PROS, under its proven management team, will have the newest fleet of HS/HE jack-up rigs in the world, operating with the most advanced drilling systems available in the industry.

Contact:

Robert W. Rose
Chief Executive Officer Prospector Offshore Drilling S.A. Tel: +1 281 560 8012

Prospector Offshore Drilling S.A.

Société anonyme - 65, Boulevard Grande Duchesse Charlotte, L-1331 Luxembourg

Grand-Duchy of Luxembourg

R.C.S. Luxembourg B 153772

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