Prosafe SE : Prosafe SE: Contract award for Safe Scandinavia

         Prosafe SE : Prosafe SE: Contract award for Safe Scandinavia

Prosafe has been awarded a contract from Det norske oljeselskap ASA ("Det
norske") for the provision of the Safe Scandinavia accommodation support
vessel at the Ivar Aasen Development Project in the Norwegian sector of the
North Sea.

The contract has been awarded following a competitive tendering process and is
for a firm period of six months with on-site operations planned to commence
June 2016. In addition, Prosafe has granted Det norske four additional
one-month options.

Total value of the contract for the firm period is approximately USD 65.6
million.

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, 4 April 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

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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Source: Prosafe SE via Thomson Reuters ONE
HUG#1690231
 
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