Prosafe SE : Prosafe SE: Issue of new shares following private placement

   Prosafe SE : Prosafe SE: Issue of new shares following private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR
JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcements dated 14 and 15 March
2013 regarding launch and completion of a private placement of 13,000,000 new
shares in Prosafe SE (the "Company") at a subscription price of NOK 58 per
share.

The shares allocated in the private placement have now been issued and
registered in the Norwegian Central Securities Depository (VPS), and thus
tradable on the Oslo Stock Exchange. Payment and delivery to the subscribers
in the private placement is expected to be on or about 20 March 2013.

ABG Sundal Collier Norge ASA and SEB acted as Joint Lead Managers and Joint
Bookrunners for the private placement.

The new share capital of the Company is EUR 60,734,197.5 divided on
242,936,790 shares with a nominal value of EUR 0.25 per share.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation vessels. Operating profit reached USD 222.4 million in 2012 and
net profit was USD 177.5 million. 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, 18 March 2013
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Media, analysts and investors
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 908 81 657

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673

Analysts and investors
Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467

***
IMPORTANT INFORMATION

This press release is for information purposes only and shall not constitute
or be construed as an offer to buy, sell, issue, or subscribe for, or the
solicitation of an offer to buy, sell, issue, or subscribe for any securities,
nor shall there be any sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. Copies of
this announcement are not being made and may not be distributed or sent into
the Australia, Canada, Hong Kong, Japan, the United States or any other
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The shares referred to herein have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any state securities laws, and will be sold within the United States
only to qualified institutional buyers ("QIB"), as defined in Rule 144A under
the U.S. Securities Act ("Rule 144A"), through affiliates of the managers, in
reliance upon the exemption from the registration requirements provided by
section 4(2) of the U.S. Securities Act Rule 144A, and to certain non-U.S.
persons in offshore transactions in reliance on Regulation S under the U.S.
Securities Act. The shares to be offered will be subject to certain
restrictions on transfer.

Certain statements contained herein that are not statements of historical
fact, may constitute forward-looking statements. Forward -looking statements
involve known and unknown risks, uncertainties and other factors that could
cause the actual results or events concerning the Company to be materially
different from the historical results or from any future results expressed or
implied by such forward-looking statements. None of the Company, the managers
or any of their affiliates or advisors provide any assurance that the
assumptions underlying such forward-looking statements are free from errors
nor do any of them accept any responsibility for the future accuracy of the
opinions expressed in this press release or the actual occurrence of the
forecasted developments. Except as may be required by applicable law or stock
exchange regulation, neither the Company nor the managers, or any of their
affiliates or advisors, assume any obligation to update any forward-looking
statements or to confirm these forward-looking statements to actual results.

This information is subject of the disclosure requirements set out in Section
5-12 of the Norwegian Securities Trading Act.

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(i) the releases contained herein are protected by copyright and other
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(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Prosafe SE via Thomson Reuters ONE
HUG#1685865
 
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