Prosafe SE (PRS.OL)

[Lundekunde]

Veldig bull på flotell ja. Har og snakka om at det snart kjem kursmål på Prosafe. Kan bli ekstremt spennande i 2023

[TekBot]

Prosafe SE: Contract extension for Safe Concordia

BP Trinidad and Tobago LLC (‘bpTT’) has exercised all four weeks of options for
the Safe Concordia to continue providing gangway connected operations through
September 2022 at Cassia C offshore Trinidad.
…

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Total value of the contract extensions is approximately USD 3.5 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, 27 August 2022
Prosafe SE

For further information, please contact:

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

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

Kilde

[TekBot]

Prosafe SE: Operational update Q2 2022

The fleet utilisation rate in the second quarter of 2022 was 81.0 per cent (Q2
2021: 65.8 per cent), with five out of seven vessels in full operation
throughout the quarter. Safe Boreas was working part of the quarter while Safe
…

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Scandinavia remains idle. This is the highest quarterly utilisation since Q3
2015.

Safe Zephyrus has been operating for bp at ETAP in the UK North Sea since 22
January 2022 on a 10-month contract with up to four months of options.

Safe Caledonia has been operating for TotalEnergies at the Elgin platform in the
UK since 7 March 2022. The vessel will be on contract until December 2022 with
one 30-day option.

Safe Boreas commenced a contract on the Norwegian Continental Shelf on 1 May
2022. The contract had a firm duration of three months, and the client informed
that neither of the two one-month options would be exercised. On 15 June 2022,
Safe Boreas was awarded a contract by a UK client to support a platform shutdown
in the UK North Sea. The firm duration of the contract starting September 2022
is 21 days with up to 30 days of options. Safe Boreas is currently located
quayside in Norway in anticipation of start-up in September in the UK.

Safe Eurus has been providing safety and maintenance support to Petrobras in
Brazil since November 2019 and the contract has a firm duration until February
2023. On 25 May 2022, Safe Eurus was awarded a four-year contract with Petrobras
aiming to commence around end of March 2023 following on from the expiry of her
current contract.

Safe Notos has been operating for Petrobras in Brazil since December 2016. On 4
May 2022, Safe Notos was awarded a four-year contract by Petrobras with
commencement on 18 July 2022, in direct continuation of the previous contract.

Safe Concordia was in full operation during the quarter in Trinidad and Tobago.
On 27 July 2022, the client exercised all four one-week options, taking the
contract through September 2022.

Safe Scandinavia is laid up in Norway and is being marketed broadly.

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, 2 August 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 405 54 490

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

Kilde

[TekBot]

Prosafe SE: Q2 2022 results and webcast on 19 August 2022

Prosafe SE will release its second quarter 2022 results on 19 August 2022 at
approx. 07:00 a.m. CEST. The Q2 2022 report and the Q2 2022 presentation will be
published on www.newsweb.no (http://www.newsweb.no) and on Prosafe’s website
…

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www.prosafe.com (http://www.prosafe.com)

Jesper Kragh Andresen, CEO and Reese McNeel, CFO will the same day at 10:00 a.m.
CEST present the results at Felix Konferansesenter, Bryggetorget 3, Oslo. The
presentation can be followed live via web streaming at www.prosafe.com
(http://www.prosafe.com)

It will be possible to ask questions during the presentation by using the Q&A
tool embedded in the webcast. These questions will be answered after the
presentation. A replay of the audiocast will be made available at
www.prosafe.com (http://www.prosafe.com) shortly after.

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 August 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 405 54 490

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

Kilde

[TekBot]

Prosafe SE: Second quarter and first half 2022 results

(Figures in brackets refer to the corresponding period of 2021)

EBITDA for the second quarter was USD 22.8 million (USD 18.1 million),
…

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reflecting a higher activity level and the highest quarterly fleet utilisation
rate of 81.0 per cent (65.8 per cent) since Q3 2015. Liquidity at the end of the
quarter was USD 57.6 million. Two Brazil and one UK contracts were secured,
adding approximately USD 240 million in backlog.

Recent highlights

Fleet utilisation and financial results

• The highest quarterly fleet utilisation of 81.0 per cent (65.8 per cent)
  since Q3 2015
• EBITDA of USD 22.8 million for the quarter (USD 18.1 million)
• Cash flow from operations in Q2 was USD 0.4 million (negative USD 21.9
  million). In the quarter, an increase in working capital, driven by
  increased accounts receivable due to improved vessel activity, offset the
  improved operating result
• Liquidity of USD 57.6 million (USD 119.9 million) at quarter end
• Book equity improved by 36% from last quarter

Operations and commercial

• 5 out of 7 vessels were in full operation throughout the quarter, while Safe
  Boreas was working part of the quarter
• Good operating performance and zero incidents in the quarter
• Two four-year contracts were awarded by Petrobras to Safe Notos and Safe
  Eurus, and a short duration contract was secured for Safe Boreas in the UK,
  adding approximately USD 240 million in backlog
• After the quarter end, BP Trinidad and Tobago LLC exercised all four weeks
  of options for the Safe Concordia

Jesper K. Andresen, Prosafe’s CEO says, “The second quarter saw the highest
vessel utilisation since 2015, which reflected positively on our performance. We
were also pleased to secure significant backlog by winning important contracts
in Brazil and the UK at improving margins. This is an indication of an improving
outlook for the oil and gas industry and for our services. Finally, I would like
to thank our team for continuing to operate safely and efficiently.”

A complete version of the Q2 2022 earnings release and the Q2 2022 presentation
is attached and can be downloaded from https://www.prosafe.com and
www.newsweb.no (http://www.newsweb.no)

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, 19 August 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 51 64 25 17 / +47 405 54 490

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

Kilde

[TekBot]

Prosafe SE: Grant of share options

As part of the Company’s long-term incentive program approved by the General
Meeting on 11 May 2022, the Board of Directors has granted the new CFO, Reese
McNeel, who joined the company on 01 August 2022, 100,000 options. The options
…

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earlier granted to the previous DCEO & CFO, Stig H. Christiansen, were cancelled
in connection with his resignation.

Following the grant, Reese McNeel has 100,000 share options and 0 shares in
Prosafe SE. The strike price is set as the closing price on 19 August 2022 and
the options will vest with 1/3 after 24 months, 1/3 after 36 months and 1/3
after 48 months. Any options not exercised at the date 60 months after 19 August
2022 will be cancelled.

Jesper K. Andresen, CEO and Ryan Stewart, COO were on 10 February 2022 granted
150,000 and 100,000 share options, respectively, at a strike price of NOK 83.00
and with the same vesting conditions as described above. Following the grant,
both Jesper K. Andresen and Ryan Stewart own 0 shares.

Please see the attached forms of notification and public disclosure by the
PDMRs.

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, 19 August 2022
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 907 65 155

Reese McNeel, CFO
Phone: +47 405 54 490

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

Kilde

[TekBot]

Prosafe SE: Safe Concordia awarded US Gulf project

Prosafe has been issued a letter of award, subject to final contract, to provide
accommodation and construction support using the Safe Concordia in the US Gulf
of Mexico.
…

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The duration of the contract commencing Q2/Q3 2023 is approximately one year.
The contract linked to the award has an approximate value of USD 33 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, 22 September 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

Kilde

[TekBot]

Prosafe SE: First option month exercised for Safe Zephyrus

BP Exploration Operating Company Limited (‘bp’) has exercised the first of four
months of options through 21(st) December 2022 for the charter of the Safe
Zephyrus to continue providing gangway connected operations supporting the
…

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Seagull project at the ETAP central processing facility in the UK North Sea.

The value of the one-month extension is approximately USD 3.5 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, 22 September 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Prosafe SE: Safe Boreas extended on UK contract

The client chartering the Safe Boreas to provide gangway connected operations to
support a platform shutdown in the UK North Sea has exercised the first of two
15-day options.
…

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The value of the extended period is approximately USD 2.1 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, 30 September 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Prosafe SE: Safe Concordia US Gulf contract signed

With reference to public disclosure dated 22 September 2022, Prosafe has signed
a contract with a major operator to provide accommodation services using the
Safe Concordia in the US Gulf of Mexico.
…

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The firm duration of the contract, commencing within a window of July through
October, is 330 days with up to 6 months of options. The value of the contract
firm duration is approximately USD 33 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,13 October 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Prosafe SE: Operational update Q3 2022

The fleet utilisation rate in the third quarter of 2022 was 77.3 per cent (Q3
2021: 70.9 per cent), with five out of seven vessels in full operation
throughout the quarter. This is the highest third quarter utilisation since
…

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Two vessels are on long-term contracts in Brazil, while the rest are working on
shorter term contracts. Safe Boreas worked part of the quarter while Safe
Scandinavia remained idle.

Safe Zephyrus has been operating for bp at ETAP in the UK North Sea since 22
January 2022 on a 10-month contract with up to four months of options. On 22
September 2022, bp exercised the first of four one-months options taking the
firm period through 21 December 2022.

Safe Caledonia has been operating for TotalEnergies at the Elgin platform in the
UK since 7 March 2022. The vessel will be on contract until early December 2022
with one 30-day option.

Safe Boreas operated on the Norwegian Continental Shelf until 29 July 2022. On
22 September 2022, the vessel started a 21-day contract to support a platform
shutdown in the UK North Sea. The client has exercised the first of two
available 15-day options.

Safe Eurus has been providing safety and maintenance support to Petrobras in
Brazil since November 2019 on a contract with a firm duration until February
2023. On 25 May 2022, Safe Eurus was awarded a four-year contract with Petrobras
aiming to commence around end of March 2023 following on from the expiry of her
current contract.

Safe Notos has been operating for Petrobras in Brazil since December 2016. Safe
Notos commenced a new four-year contract with Petrobras on 18 July 2022, in
direct continuation of the previous contract.

Safe Concordia continued operations in Trinidad and Tobago during the quarter.
On 27 July 2022, the client exercised all four one-week options, taking the
contract through to end September 2022. On 13 October, Prosafe announced that a
contract had been signed with a major operator to provide accommodation support
in the US Gulf of Mexico. The firm duration of the contract, commencing within a
window of July through October 2023, is 330 days with up to 6 months of options.
Safe Concordia will be laid up in the region pending new work and the start of
the contract in the US Gulf of Mexico.

Safe Scandinavia is laid up in Norway and is being marketed broadly.

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, 14 October 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Prosafe SE: Update regarding auction in Brazil

Prosafe has submitted the most competitive offer in a bidding process for a 650-
day firm period contract by Petróleo Brasileiro SA (“Petrobras”). The contract
value is approximately USD 73 million (equivalent to USD 112,500 per day).
…

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Contract award and timing are subject to a formal clarification process during
which Petrobras is under no formal obligation to conclude a contract and other
bidders may appeal.

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 October 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Correction: Prosafe SE: Update regarding auction in Brazil

• The change in relation to the original release is the addition of one sentence
  regarding the selected vessel.

…

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Prosafe has submitted the most competitive offer in a bidding process for a 650-
day firm period contract by Petróleo Brasileiro SA (“Petrobras”). The contract
value is approximately USD 73 million (equivalent to USD 112,500 per day).

Contract award and timing are subject to a formal clarification process during
which Petrobras is under no formal obligation to conclude a contract and other
bidders may appeal.

A contract, if awarded, would deploy the Safe Zephyrus semi-submersible vessel
for safety and maintenance support offshore Brazil within 2023.

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 October 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Prosafe SE: Q3 2022 results and webcast on 3 November 2022

Prosafe SE will release its third quarter 2022 results on 3 November 2022 at
approx. 07:00 a.m. CET. The Q3 2022 report and the Q3 2022 presentation will be
published on www.newsweb.no (http://www.newsweb.no) and on Prosafe’s website
…

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www.prosafe.com (http://www.prosafe.com)

Jesper Kragh Andresen, CEO and Reese McNeel, CFO will the same day at 10:00 a.m.
CET present the results at Felix Konferansesenter, Bryggetorget 3, Oslo. The
presentation is open to the public and can also be followed live via web
streaming at www.prosafe.com (http://www.prosafe.com)

It will be possible to ask questions during the presentation by using the Q&A
tool embedded in the webcast. These questions will be answered after the
presentation. A replay of the audiocast will be made available on Prosafe’s
website shortly after.

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, 18 October 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Major shareholder disclosure

This notification is made according to sections 4-1 and 4-3 of the Act on Securities Trading (Securities Trading Act) (Act of 29 June 2007 No. 75. Last amended 1 July 2014).

As a result of an acquisition of 50,212 shares of Prosafe SE (ticker: PRS) for a net trade price of NOK 180.2650 on October 28, 2022, The Mangrove Partners Master Fund, Ltd. held the following position in PRS, as at close of business October 28, 2022:
…

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483,460 shares, representing 5.49% of the issued share capital.

Kilde

[TekBot]

Prosafe SE: Third quarter 2022 results

(Figures in brackets refer to the corresponding period of 2021)

Third quarter 2022 EBITDA increased by 94 per cent year-over-year to USD 24.2
…

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million (USD 12.5 million). The fleet utilisation was 77.3 per cent. At quarter
end, liquidity was USD 74.5 million (USD 107.1 million).

Operations, HSSE and backlog

• All six active vessels operated in the quarter with five in full operation
  throughout the period

• Utilisation of 77.3 per cent

• Good operating and HSSE performance on all vessels

• Backlog of USD 293 million at quarter end

  • Options to extend charters declared for Safe Zephyrus and Safe Boreas
  • Signed USD 33 million, 330-day contract + options for Safe Concordia in
    the US Gulf of Mexico

• After quarter end, Prosafe was announced the most competitive bidder in a
  650-day tender for Petrobras in Brazil with 2023 start-up. Contract value of
  USD 73 million if the post bidding process leads to a final contract award
  by the client

Q3 financials

• Revenue of USD 63.6 million (USD 45.8 million in third quarter 2021)
• EBITDA increased 94 per cent YoY to USD 24.2 million (USD 12.5 million)
• Good cash conversions in the quarter with cash flow from operations of USD
  24.5 million
• Liquidity of USD 74.5 million (USD 107.1 million) at quarter end

Market and outlook

• Strong demand increase in 2022 on work related to tie-back and life
  extension projects
• Market utilisation for the most advanced accommodation vessels increasing
  from 30 to 70 per cent in the past year
• The North Sea market is expected to be weak in 2023 with low visibility and
  opportunities moving from 2023 to 2024
• Capex and modification costs for ongoing and new contracts will impact
  EBITDA and liquidity in 2023
• Favourable outlook in core Brazil and North Sea markets. Increasing tender
  activity and ongoing client discussions for 2024 and into 2027

“A strong third quarter was reflected in high utilisation, improved EBITDA and
good cash conversion,” says Jesper K. Andresen, CEO of Prosafe. "I would like to
thank our team for their dedication to ensuring strong operations. We continue
to build backlog with the award of the contract in US Gulf of Mexico, clients
declaring options and our recent submittal of the most competitive bid for a new
contract in Brazil.

The demand outlook in our core markets is favourable but timing remains
uncertain. We maintain our focus on securing utilisation for our open vessels in
2023. In Brazil, we see increased activity next year, while North Sea tendering
activity is more focused in 2024 and beyond."

A complete version of the Q3 2022 earnings release and the Q3 2022 presentation
is attached and can be downloaded from www.prosafe.com (https://www.prosafe.com)
and www.newsweb.no (http://www.newsweb.no)

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, 3 November 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Prosafe SE: Mandatory notification of trade

Sjækerhatten AS, a company owned by a close associate of Nina Udnes Tronstad,
member of the Board of Directors in Prosafe SE, has today sold 22,406 shares in
Prosafe SE at an average price of NOK 158.141 per share.
…

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Following this transaction, Sjækerhatten AS owns no shares in Prosafe SE.

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, 10 November 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Major shareholder disclosure

This notification is made according to sections 4-1 and 4-3 of the Act on Securities Trading (Securities Trading Act) (Act of 29 June 2007 No. 75. Last amended 1 July 2014).

As a result of a disposition of 32,005 shares of Prosafe SE (ticker: PRS) for a net trade price of NOK 159.5740 on November 10, 2022, The Mangrove Partners Master Fund, Ltd. held the following position in PRS, as at close of business November 10, 2022:
…

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413,062 shares, representing 4.69% of the issued share capital.

Kilde

[TekBot]

Prosafe SE: Mandatory notification of trade

Nina Udnes Tronstad, member of the Board of Directors of Prosafe SE, has today
purchased 6,000 shares in Prosafe SE at an average price of NOK 157.0 per share.

…

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Following this transaction, Nina Udnes Tronstad owns 6,000 shares in Prosafe SE.

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, 11 November 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde

[TekBot]

Prosafe SE: Contract and Tender Status Update - November 2022

Contract update

Prosafe has been selected as the winning bidder for a 650-day firm period
…

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contract by Petrobras using Safe Zephyrus, commencing in May 2023. The contract
value is approximately USD 73 million (equivalent to USD 112,500 per day). Final
contract award and commencement remains subject to contract. Prosafe expects the
final contract award prior to year-end 2022. Prosafe expects Safe Zephyrus to
complete its contract with bp at ETAP in the UK North Sea on 21 December 2022
after which preparations and mobilization for the contract with Petrobras will
begin.

Safe Caledonia has been operating for TotalEnergies at the Elgin platform in the
UK since 7 March 2022. The vessel is expected to complete its contract on 2
December 2022 after which it will be laid up pending future work.

Safe Boreas completed a contract to support a platform shutdown in the UK North
Sea on 1 November 2022 and is now laid up in Norway pending future work.

On 25 May 2022, Safe Eurus was awarded a four-year contract with Petrobras with
planned start-up in Q1 2023 following on from the expiry of the current
contract. Safe Eurus is expected to be off hire for 30 days in April 2023 during
which period Petrobras contract modification work and hull cleaning will be
conducted. Prosafe also intends to advance and conduct the SPS originally
scheduled for 2024 for Eurus during the same off-hire window, avoiding the need
for a further off-hire period in 2024.

Safe Notos commenced a new four-year contract with Petrobras on 18 July 2022, in
direct continuation of the previous contract. Safe Notos is expected to be off
hire for 30 days either in February or May 2023 during which Petrobras contract
modification and hull cleaning will be conducted.

Safe Concordia is now laid up in Curaçao pending start of the upcoming project
in the US Gulf of Mexico. The firm duration of the contract, commencing within a
window of July through October 2023, is 330 days with up to 6 months of options.
The value of the contract firm duration is approximately USD 33 million. A
standby rate of USD 28 thousand per day has been agreed for the period from 01
August 2023 until commencement latest 31 October 2023. The value of the 6 months
options is USD 19 million.

Safe Scandinavia is laid up in Norway and is being marketed broadly.

Tender update

Prosafe is currently not participating in any ongoing tenders in Brazil.

In the North Sea, Prosafe is participating in the following tenders:

Year Firm Duration Option(s) Region
Expected competition
2023 8 months 1 month Denmark
Walk-to-work
2024 10 months 6 months Norway Semi-
submersible/Jack-up
2024 4 months 4 months UK
Semi-submersible
2025 3 months 2 months North America Semi-
submersible
2026 7 months 6 months Norway
Semi-submersible
2026 7 months 6 months Norway
Semi-submersible

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, 25 November 2022
Prosafe SE

For further information, please contact:

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

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

Kilde