Prosafe SE (PRS.OL)

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Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. - Update on Financial Restructuring

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, including the press release published on 10
November 2021.
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The Norwegian register of business enterprises (Nw: Brønnøysundregisteret) today
confirmed that reduction of the nominal value per share from EUR 0.1 to EUR
0.05 has been registered. The reduction is in accordance with the extraordinary
general meeting in the Company held 27 September 2021.

Prosafe continues to anticipate that the financial restructuring will be
effective before or around year end 2021.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to https://www.prosafe.com

Stavanger, 6 December 2021
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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

Kilde

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Prosafe SE: Safe Concordia contract extended

The firm charter period of the Safe Concordia in Trinidad and Tobago has been
extended and takes the firm operational period through to end-January 2022.

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Total value of the contract extensions is approximately USD 6 million.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to https://www.prosafe.com

Stavanger, 9 December 2021
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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

Kilde

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Disclosure of large shareholding – Prosafe SE

LF Investment ApS has on 7 December 2021 contributed 6,307,666 shares in Prosafe SE (the “Company”) corresponding to 7.2% of the issued and outstanding shares and votes in the Company to J. Lauritzen A/S. Lauritzen Fonden is the parent company of both LF Investment ApS and J. Lauritzen A/S, and the transfer was done in connection with an internal reorganization in Lauritzen Fonden Group.

Following the transaction, (i)LF Investment ApS owns nil shares and votes in the Issuer and (ii) J. Lauritzen A/S owns 6,307,666 shares in the Issuer, corresponding to 7.2% of the issued and outstanding shares and votes in the Company.
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Kilde

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Prosafe SE: Update on financial restructuring and forward-looking statement

Prospectus published
Reference is made to earlier information provided regarding the financial
restructuring process of Prosafe SE and Prosafe Rigs Pte. Ltd. (“PRPL”).
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In preparation for the implementation and closing of the financial
restructuring, a listing prospectus for the issuance of new shares in connection
with the private placement towards creditors against conversion of total debt of
ca. USD 1.1 billion has today been published. The prospectus is attached and is
available on Investor Information | Prosafe.

The Norwegian Financial Supervisory Authority approved the prospectus on 14
December 2021.

Implementation of the restructuring
Prosafe expects implementation of the Step 1 Conversion, as described in the
prospectus, to be finalized within the next days where 7 894 088 600 shares will
be issued, and that the Step 2 Conversion will be finalized shortly thereafter.

Prosafe will provide further updates as required and continues to anticipate
that the financial restructuring will be effective before year end.

Forward looking statement
Prosafe takes the opportunity to provide guidance for the full year 2021 and
2022 EBITDA which is anticipated to end up in the area of respectively USD 24 -
26 million for 2021 and USD 50 - 60 million for 2022, assuming that contracts
already entered into are completed as scheduled.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to https://www.prosafe.com

Stavanger, 15 December 2021
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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

Kilde

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PROSAFE SE - SHAREHOLDING DISCLOSURE

15 December 2021

Reference is made to the stock exchange announcement made by Prosafe SE (the “Company”) dated as of today’s date, regarding the financial restructuring of the Company, where it was further announced that part of the Company’s debt, including to the institutions listed below, will be converted into equity in the Company.
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The debt to share equitization will occur in two separate stages. In the first stage of the equitization and restructuring transaction (the “Initial Equitization”):

1.ABN Amro Bank N.V. will receive 484,237,707 shares and thereby own a total of 484,237,707 shares in the Company, equalling 6.1 % of the total issued and outstanding share capital and votes in the Company, consequently the 5 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed;

2.Danske Bank A/S will receive 883,564,234 shares and thereby own a total of 883,564,234 shares in the Company, equalling 11.1 % of the total issued and outstanding share capital and votes in the Company, consequently the 10 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed;

3.DNB Bank ASA will receive 1,377,065,562 shares and thereby own a total of 1,377,067,147 shares in the Company, equalling 17.3 % of the total issued and outstanding share capital and votes in the Company, consequently the 15 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed;

4.ING Belgium NV/SA, through Nordea Bank AB as custodian shareholder, will receive 410,087,200 shares and thereby own a total of 410,087,200 shares in the Company, equalling 5.1 % of the total issued and outstanding share capital and votes in the Company, consequently the 5 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed (ING Belgium NV/SA is 100 % owned by ING Bank N.V. which is 100 % owned by ING Groep N.V.);

5.Nordea Bank Abp, filial i Norge, will receive 1,448,957,568 shares and thereby own a total of 1,448,957,568 shares in the Company, equalling 18.2 % of the total issued and outstanding share capital and votes in the Company, consequently the 15 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed;

6.Skandinaviska Enskilda Banken AB will receive 902,270,692 shares and thereby own a total of 902,270,692 shares in the Company, equalling 11.3 % of the total issued and outstanding share capital and votes in the Company, consequently the 10 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed;

7.SpareBank 1 SR-Bank ASA will receive 586,145,738 shares and thereby own a total of 586,145,738 shares in the Company, equalling 7.3 % of the total issued and outstanding share capital and votes in the Company, consequently the 5 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed; and

8.Swedbank AB, through Swedbank Norge NUF as custodian shareholder, will receive 636,716,622 shares and thereby own a total of 636,716,622 shares in the Company, equalling 8.0 % of the total issued and outstanding share capital and votes in the Company, consequently the 5 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed,
each based on a total of 7,982,075,598 issued and outstanding shares and voting rights in the Company at the time of completion of the Initial Equitization.
Issuance of the new shares pursuant to the Initial Equitization in the VPS is expected to take place 17 December 2021.

Following the Initial Equitization, a subsequent equitization will take place as soon as possible thereafter (the “Secondary Equitization”), whereby ING Belgium NV/SA, through Nordea Bank AB as custodian shareholder, will receive 19,688,830 shares and thereby own a total of 429,776,030 shares in the Company, equalling 4.9 % of the total issued and outstanding share capital and votes in the Company. ING Belgium NV/SA is 100 % owned by ING Bank N.V. which is 100 % owned by ING Groep N.V. Consequently the 5 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed, based on a total of 8,798,699,789 issued and outstanding shares and voting rights in the Company at the time of completion of the Secondary Equitization.

This information is subject to the disclosure requirement in the Norwegian Securities Trading Act 4 2.

Kilde

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PROSAFE SE – DISCLOSURE OF PURCHASES OF SHARES

Stavanger, 17 December 2021
PROSAFE SE – DISCLOSURE OF PURCHASES OF SHARES

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Two entities managed by HitecVision Advisory AS, North Sea Strategic Investments AS (“North Sea”) and HV VI Invest Sierra Malta Ltd. (“Sierra”) have, today, agreed to purchase a total of 2,446,518,123 shares in Prosafe SE (“Prosafe”).

The shares have been bought from a number of Prosafe’s former financial creditors who received new shares in Prosafe in settlement of their loans as per the Reconstruction Plan for Prosafe which closed on 15 December 2021.

The purchase price is USD 0.003409595 per share which, as per the prevailing exchange rate between USD and NOK, equals NOK 0.030516213.

The terms of the purchases include an obligation not to sell any of the shares acquired for a period of 12 months and an obligation to adjust the purchase price by a further payment from the buyers to the sellers if the buyers, during the next 6 months, purchases further shares from any of Prosafe’s former financial creditors at a higher price than the purchase price.

North Sea already owns 15,479,410 shares in Prosafe whereafter their total holding, following the purchases, will be 1,356,909,633 shares, representing approx. 15.42% of all of the shares in issue in Prosafe.

Sierra already owns 12,752,142 shares in Prosafe whereafter their total holding, following the purchase, will be 1,117,840,042 shares, representing approx. 12.70% of all of the shares in issue in Prosafe.

The combined ownership of Sierra and North Sea will be 2,474,749,675 shares representing approx. 28.13% of the total number of shares in issue in Prosafe. Sierra and North Sea does not hold other shares or rights to shares in Prosafe other than those described in this disclosure.

North Sea and Sierra are represented in the board of directors of Prosafe by Mr. Alf C. Thorkildsen. Mr. Thorkildsen neither owns nor controls any shares in Prosafe.

This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.

Kilde

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PROSAFE SE - SHAREHOLDING DISCLOSURE

PROSAFE SE - SHAREHOLDING DISCLOSURE

17 December 2021
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The entities listed below have today agreed to sell shares in Prosafe SE (the “Company”), whereby their total shareholding and votes in the Company after completion of such transactions will be as set out below:

1. ABN Amro Bank N.V. has agreed to sell all of its 504,848,072 shares (including those to be issued in the further equitization, as announced on 15 December 2021), and will following completion of the sale own no shares and hold no voting rights in the Company, consequently the 5 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed;

2. Danske Bank A/S has agreed to sell all of its 924,784,964 shares (including those to be issued in the further equitization, as announced on 15 December 2021), and will following completion of the further equitization (as announced on 15 December 2021) and share sale own no shares and hold no voting rights in the Company, consequently the 10 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed;

3. DNB Bank ASA has agreed to sell 131,980,497 shares, and will following completion of the further equitization (as announced on 15 December 2021) and share sale own a total of 1,306,230,733 shares in the Company, equalling 14.8 % of the total issued and outstanding share capital and votes in the Company, consequently the 15 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed;

4. Nordea Bank Abp, filial i Norge, has agreed to sell 439,934,989 shares, and will following completion of the further equitization (as announced on 15 December 2021) and share sale own a total of 1,072,474,347 shares in the Company, equalling 12.2 % of the total issued and outstanding share capital and votes in the Company, consequently the 15 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed; and

5. Skandinaviska Enskilda Banken AB has agreed to sell 87,986,998 shares, and will following completion of the further equitization (as announced on 15 December 2021) and share sale own a total of 855,504,424 shares in the Company, equalling 9.7 % of the total issued and outstanding share capital and votes in the Company, consequently the 10 % disclosure threshold in the Norwegian Securities Trading Act Section 4 2 has been crossed,

each based on a total of 8,798,699,789 issued and outstanding shares and voting rights in the Company following completion of the equitization of debt in the Company, as announced by the Company on 15 December 2021 and in a major shareholding disclosure made by, among others, the above-mentioned shareholders on 15 December 2021.

Closing of the transactions are expected to take place on or about 21 December 2021.

This information is subject to the disclosure requirement in the Norwegian Securities Trading Act 4 2.

Kilde

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OSLO BØRS – TRADING SUSPENSION

A suspension of trading in Prosafe SE (Ticker PRS) has been imposed in anticipation of an announcement from the company.
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Kilde

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Prosafe SE: Successful financial restructuring

Final step of the financial restructuring to be completed shortly
Reference is made to earlier information provided regarding the financial
restructuring process of Prosafe SE and Prosafe Rigs Pte. Ltd. (“PRPL”). Prosafe
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SE is pleased to announce that the conditions for the Schemes in Singapore for
becoming effectively implemented have been met, following which the Transaction
Effective Date in accordance with the Schemes has occurred.

Following occurrence of the Transaction Effective Date, the conversion of USD
996 million of debt (the “Step 1 Conversion”) in return for 7 894 088 600 shares
in Prosafe SE (the “Tranche 1 Shares”) has been implemented. After the Step 1
conversion, the aggregate amount of 7 894 088 600 shares has today been issued
at a conversion rate of EUR 0.1116. The total number of outstanding shares is
now 7 982 075 598 and the share capital is EUR 399 103 779.90. The share capital
and the shares were registered in the Register of Business Enterprises
(“Foretaksregisteret”) on 16(th) December 2021.

Further, a Step 2 Conversion (the “Step 2 Conversion”) of the remaining USD 91
million debt will be converted within days as part of the restructuring in
return for 816 624 191 shares (the “Tranche 2 Shares”) The conversion rate will
be EUR 0.1113, and EUR 0.0884 for two creditors with separate agreements.

After finalization of the Step 1 Conversion and the Step 2 Conversion, including
original share capital, the aggregate amount of 8,798,699,789 shares will be
issued and the share capital will be EUR 439,934,989.45.

Following finalization of the conversion of the debt contemplated by the Schemes
and the Norwegian restructuring plan, the restructuring has resulted in in a
significant de-leveraging of the balance sheet with ca. 75% debt reduction,
corresponding reduction in annual debt service, ca. USD 60 million in cash per
year-end 2021 and in sum a significantly improved balance sheet and improved
financial flexibility.

Highlights of the completed financial restructuring:

• Significant de-leveraging: ca. USD 1,100 million of total debt reduction.
  Reinstated debt of USD 343 million plus Safe Eurus
• Significant runway and financial flexibility: No mandatory debt maturities
  until December 2025. Only cash-sweep above USD 66 million
• Reduced interest costs: ca. USD 9 million in annual debt servicing costs
  post-transaction
• Liquidity headroom: Liquidity well in excess of agreed minimum cash covenant
  of USD 18 million through 2022, increasing to USD 28 million in 2024.
  Expected liquidity per year end 2021 of ca. USD 60 million
• Positive book equity
• Equitisation and shareholders: Ca. USD 1,100 million of debt has been
  equitized into 99% of Prosafe SE equity

Following the financial restructuring, Prosafe is revitalized and ready to
embark on the next years in pursuit of protecting and creating value.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to https://www.prosafe.com

Stavanger, 17 December 2021
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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

Kilde

[TekBot]

OSLO BØRS – TRADING RESUMPTION

See announcement from Prosafe SE at 13:39 CET. Trading suspension to end at 14:00 CET.
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Kilde

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Prosafe SE: Financial restructuring completed

Reference is made to earlier information provided regarding the financial
restructuring process of Prosafe SE and Prosafe Rigs Pte. Ltd. (“PRPL”), latest
on 17(th) December 2021.
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Prosafe SE is pleased to confirm that the Step 2 Conversion as described in the
prospectus is today implemented and as such that the financial restructuring is
fully implemented and complete.

After finalization of the Step 1 Conversion and the Step 2 Conversion, including
original share capital, the aggregate amount of 8,798,699,789 shares has been be
issued and the share capital is now EUR 439,934,989.45.

Prosafe SE is looking forward to reporting its revitalized balance sheet in its
Q4 2021 financial report on 10(th) February 2022.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to https://www.prosafe.com

Stavanger, 20 December 2021
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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

Kilde

[TekBot]

Disclosure of Voting Rights in Shares - Prosafe SE

Attachment on www.newsweb.no
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Kilde

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Major shareholder disclosure in Prosafe SE by Danske Bank AS

We hereby declare that after financial restructuring process of Prosafe SE and new trade event Danske Bank A/S as of December 20 have 883,682,474.00 shares corresponding to 10.04 % of the total share capital and the voting rights. Danske Bank A/S has no other shares or rights in Prosafe SE. Danske Bank A/S has no financial exposure in Prosafe SE following the transaction described in this statement. This information is subject to the disclosure requirements set out in the section 5-12 of the Norwegian Securities Trading Act.
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Kilde

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OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
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Prosafe SE (PRS) (since 05.11.2020)
Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

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PROSAFE SE – DISCLOSURE OF SHAREHOLDING – INTERNAL REORGANISATION

Stavanger, 30 December 2021

PROSAFE SE – DISCLOSURE OF SHAREHOLDING – INTERNAL REORGANISATION
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As part of an internal reorganisation, HV VI Invest Sierra Malta Ltd. (“Sierra Malta”), an entity wholly owned by HitecVision VI L.P., has today agreed to transfer 1,117,840,040 shares in Prosafe SE (“Prosafe”) to another wholly owned subsidiary of HitecVision VI L.P., namely HV VI Invest Sierra AS (“Sierra AS”). The transfer has been made based on a price per Prosafe share of USD 0.003409595. HitecVision VI L.P. is managed by HitecVision Advisory AS (“HitecVision Advisory”).

Following the transfer, Sierra Malta will hold no shares in Prosafe and Sierra AS will hold 1,117,840,040 shares in Prosafe, representing approx. 12.70% of the shares and votes in Prosafe. In addition, North Sea Strategic Investments AS (“North Sea”), an entity wholly owned by HitecVision VII L.P., also managed by HitecVision Advisory, holds 1,356,909,633 shares in Prosafe, representing approx. 15.42% of the shares and votes in Prosafe. The combined ownership of Sierra AS and North Sea is 2,474,749,673 shares in Prosafe, representing approx. 28.13% of the shares and votes in Prosafe, which equals the combined holding of Sierra Malta and North Sea prior to the internal reorganisation. Sierra AS and North Sea does not hold other shares or rights to shares in Prosafe.

North Sea and Sierra AS are represented in the board of directors of Prosafe by Mr. Alf C. Thorkildsen. Mr. Thorkildsen neither owns nor controls any shares in Prosafe.

This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
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Prosafe SE (PRS) (since 05.11.2020)
Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

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Prosafe SE: Notice of Extraordinary General Meeting

An Extraordinary General Meeting of Prosafe SE will be held at the offices of
Advokatfirmaet Schjødt, Ruseløkkveien 14, 0201 Oslo, Norway on 25 January 2022
at 09.00 a.m. CET.
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Due to the extraordinary situation caused by the Covid-19 pandemic and in light
of travel and meeting recommendations and restrictions currently in place,
Prosafe urges shareholders to vote electronically in advance or submit proxy
forms, and not attend the meeting in person.

The notice of the Extraordinary General Meeting and appendices is attached and
will be distributed to Prosafe’s registered shareholders and can be downloaded
from www.newsweb.no (http://www.newsweb.no) or www.prosafe.com
(http://www.prosafe.com) with direct link https://www.prosafe.com/investor-
information/corporate-governance/general-meetings/

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to www.prosafe.com (http://www.prosafe.com)

Stavanger, 4 January 2022
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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

Kilde

[TekBot]

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

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Prosafe SE (PRS) (since 05.11.2020)
Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)
Insr Insurance Group ASA (INSR) (since 30.08.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

[TekBot]

OSLO BØRS - REMOVAL FROM RECOVERY BOX

See the announcement from Prosafe SE regarding financial restructuring completed as published on Newsweb 20 December 2021 at 08:45. Oslo Børs has decided on the basis of this announcement to remove the company from recovery box.
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Kilde

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Prosafe SE: Operational update Q4 2021

The fleet utilisation rate in the fourth quarter of 2021 was 59.3 per cent (Q4
2020: 25.0 per cent). The fleet utilisation for the year was 54.5 per cent
(2020: 20.4 per cent), the highest utilisation rate since 2015.
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Safe Zephyrus was in the yard in Norway preparing for the start-up of a contract
for BP in Q1 2022. The vessel will be supporting the Seagull project at ETAP in
the UK North Sea for a 10-month contract with up to four months of options.

Safe Caledonia was operating for TotalEnergies at the Elgin platform in the UK
until 29 October 2021. The vessel is currently alongside the Elgin platform on a
standby rate and will resume operations in March 2022, taking the firm
operational period through to December 2022.

Safe Boreas completed the contract for CNOOC at Buzzard in the UK on 14 October
2021. Thereafter, the vessel was taken to yard to prepare for the ConocoPhillips
contract at Ekofisk starting in Q2 2022. This contract has a firm duration of
three months and two additional one-month options.

Safe Eurus has been providing safety and maintenance support to Petrobras in
Brazil since November 2019 and was in full operation in the quarter. The
contract has a firm duration until March 2023, with additional two-years of
mutual optionality.

Safe Notos has been operating for Petrobras in Brazil throughout the quarter.
The original three-year and 222 days firm period has previously been extended
through to mid-November 2021. On 5 November 2021, the contract was further
extended taking the firm operational period through to mid-July 2022.

Safe Concordia commenced a 117-day contract in Trinidad and Tobago on 25 July
2021 and has been in full operation since then. The client has extended a number
of options, taking the current operational period through to mid-March 2022.

Safe Scandinavia was idle in the quarter and is laid up in Norway.

The impact from Covid-19 on the macro environment has been challenging, with the
company also experiencing isolated cases in the fleet. In all instances there
has been close coordination with the client to ensure that any occurrence is
dealt with promptly and effectively. Safety measures at workplaces and vessels
to protect people and assets remain rigorously in place.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to https://www.prosafe.com

Stavanger, 21 January 2022
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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

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