Prosafe SE: Contract extension for Safe Scandinavia

             Prosafe SE: Contract extension for Safe Scandinavia

Prosafe and  ConocoPhillips  Petroleum Company  U.K.  Limited have  agreed  an 
extension to  the  firm period  for  the  provision of  the  Safe  Scandinavia 
accommodation support vessel at the Jasmine Hook Up and Commissioning  Project 
in the British sector  of the North  Sea. The duration  of the firm  extension 
period is 28 days commencing mid-October 2013.

Total value of the firm extension period is approximately USD 8.4 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  570 
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, 21 October 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 43 673

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47991 09 467

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
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