Prosafe SE: New contemplated bond issue

Prosafe SE is contemplating to issue a senior unsecured bond in the Norwegian bond market with maturity in January 2020. The purpose of the contemplated bond is refinancing of existing debt and for general corporate purposes.

DNB Markets, SEB and Swedbank First Securities are acting as Joint Lead Managers for the issuance.

Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 192.3 million in 2011. The company operates globally, employs 550 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.

Larnaca, 4 January 2013 Georgina Georgiou, General Manager Prosafe SE

For further information, please contact:

Sven Børre Larsen, Chief Financial Officer Prosafe Management AS Phone: 47 51 64 25 30/ 47 909 43 673

Cecilie Helland Ouff, Finance and IR Manager Prosafe AS Phone: 47 51 64 25 20/ 47 99 10 94 67

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

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Prosafe SE via Thomson Reuters ONE [HUG#1668241]