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Prosafe SE : Prosafe SE: Talisman Sinopec Energy UK Limited contract award for Regalia



Prosafe SE : Prosafe SE: Talisman Sinopec Energy UK Limited contract award for
                                   Regalia

Prosafe has been awarded a contract from Talisman Sinopec Energy UK Limited
("Talisman Sinopec Energy UK") for the provision of the Regalia accommodation
vessel at the Montrose Platform in the UK Continental Shelf in the North Sea.

The contract has been awarded following a competitive tendering process and is
for a firm period of 450 days with on-site operations planned to commence late
August 2014. In addition, Prosafe has granted Talisman Sinopec Energy UK four
one-month options.

Total value of the contract for the firm period is approximately USD 137.5
million.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation vessels. 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, 13 March 2013
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: + 47 51 64 25 81

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 436 73

Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20

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

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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#1684971
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