The board of directors resolved on 4 November 2009 to declare an interim dividend of NOK 0.70 per share to shareholders of record as of 13 November 2009.

The shares will trade ex-dividend as from 11 November 2009. The dividend will be paid on 24 November 2009.

Prosafe is the world's leading owner and operator of semi-submersible service rigs. Operating profit reached USD 232.2 million in 2008. The company operates globally, employs approx. 400 persons 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, 5 November 2009 Prosafe SE

For further information please contact:

Arne Austreid, President and CEO Phone no: 357 992 75 030

Karl Ronny Klungtvedt, Exec. VP Strategy and Corporate Planning Phone no: 47 908 81 657

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.