Prosafe SE (PRS.OL)

[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

[TekBot]

Prosafe SE: Correction: Contract and tender status update - November 2022

Correction:
This press release is identical with the Press release published on 25th
November The only change is that it has now been categorized as insider
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information.

---

Contract update

Prosafe has been selected as the winning bidder for a 650-day firm period
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: Tender
update table (https://www.globenewswire.com/NewsRoom/AttachmentNg/c512e58c-e888-
4e93-8be8-a0704312fa5f):
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, 28 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 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: Safe Zephyrus contract signed with Petrobras

Prosafe has signed a contract with Petróleo Brasileiro SA (‘Petrobras’) for the
provision of the Safe Zephyrus semi-submersible vessel for safety and
maintenance support offshore Brazil.
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The contract has a firm period commitment of 650 days and an early commencement
date of 1 May 2023 has been agreed. The contract value is approximately USD 73
million (equivalent to USD 112,500 per day).

The Safe Zephyrus is one of the world’s most advanced and versatile
accommodation vessels, complying with stringent rules in both UK and Norway and
with a strong focus on reducing emissions by optimising the engine load. The
Safe Zephyrus will commence mobilisation to Brazil soon after conclusion of her
current contract in the North Sea mid-December 2022. Certain contract and
regulatory compliance scopes will be performed en-route to ensure an efficient
contract commencement.

Jesper Kragh Andresen, CEO of Prosafe says: “With both the Safe Notos and Safe
Eurus operating on long term contracts with Petrobras, there are clear synergies
when introducing the Safe Zephyrus into Brazil. Prosafe very much looks forward
to continuing our long standing relationship with Petrobras, in a region where
both rates and demand are increasing.”

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, 8 December 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]

Financial calendar

Financial calendar for Prosafe SE

FINANCIAL YEAR 2022
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28.02.2023 - Quarterly Report - Q4

FINANCIAL YEAR 2023

17.08.2023 - Half-yearly Report
28.03.2023 - Annual Report
10.05.2023 - Annual General Meeting

11.05.2023 - Quarterly Report - Q1
09.11.2023 - Quarterly Report - Q3

Prosafe reserves the right to amend the dates.

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, 12 December 2022
Prosafe SE

This information is published pursuant to the requirements set out in the Continuing obligations.

Kilde

[TekBot]

Prosafe SE: Contract and Tender Status Update - December 2022

Contract Update

Prosafe signed a contract with Petrobras for a firm period of 650 days for the
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Safe Zephyrus, commencing in May 2023. The contract value is approximately USD
73 million (equivalent to USD 112,500 per day). Safe Zephyrus completed its
contract with bp at ETAP in the UK North Sea on 21 December 2022. The vessel has
since commenced mobilization and preparation for the Petrobras contract.

The Safe Caledonia, having operated for TotalEnergies at the Elgin platform in
the UK since 7 March 2022, completed its contract on 2 December 2022. The vessel
is currently laid up at Scapa Flow in the UK pending future work.

Safe Boreas remains 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 for
Petrobras contract modification work and hull cleaning. Prosafe also intends to
advance and execute the vessel’s next SPS, originally scheduled for 2024, in the
same period to avoid additional future off-hire.

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 in May 2023 for Petrobras contract modification work and hull
cleaning.

Safe Concordia is laid up in Curaçao pending start of the upcoming project in
the US Gulf of Mexico. The firm contract duration, commencing within a window of
July through October 2023, is 330 days with up to 6 months of options. The value
of the firm period is approximately USD 33 million. A standby rate of USD
28,000 per day has been agreed for the period from 1 August until the latest
commencement date of 31 October. The value of the 6 option months is a total of
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 |
±-----±--------------±----------±--------------±-------------------------+

Going forward, Prosafe intends to provide a Contract and Tender Status Update on
a monthly basis.

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 December 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 - January 2023

Contract update

The fleet utilisation rate in the fourth quarter of 2022 was 56.1 per cent (Q4
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2021: 59.3 per cent), with five out of seven vessels operating at some point
during the quarter.

Safe Zephyrus completed its contract with bp at ETAP in the UK North Sea on 21
December 2022. The vessel is currently enroute to Las Palmas, Canary Islands,
for a short yard stay prior to mobilizing to Brazil for contract commencement
with Petrobras on 1 May 2023. The value of the 650-day contract is approximately
USD 73 million (equivalent to USD 112,500 per day).

On 25 May 2022, Safe Eurus was awarded a four-year contract with Petrobras with
planned start-up in February 2023 following from the expiry of the current
contract. Safe Eurus is expected to be off-hire for approximately 30 days in
April/May 2023 for Petrobras contract compliance works and hull cleaning.
Prosafe will execute the vessel’s next SPS, originally scheduled for 2024, in
the same period to avoid additional future off-hire.

Safe Notos is expected to be off-hire for approximately 30 days in May 2023 for
Petrobras contract compliance works and hull cleaning.

Safe Concordia remains laid up in Curaçao pending start of the upcoming project
in the US Gulf of Mexico. The client has informed that the commencement window
is now July through September 2023. The firm contract duration is 330 days with
up to six months of options. The value of the firm period is approximately USD
33 million. A standby rate of USD 28,000 per day has been agreed for the period
from 1 August until the latest commencement date now of 30 September. The value
of the six option months is a total of USD 19 million.

Safe Caledonia is laid up at Scapa Flow in the UK pending future work.

Safe Boreas is laid up in Norway pending future work.

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

Tender update

Prosafe recently participated in a Petrobras tender for 450 days. Prosafe was
ranked fifth in the tender. The outcome of the tender remains subject to
finalization of the Petrobras tendering process.

Prosafe is participating in the following tenders:

±-----±--------------±----------±--------------±--------------------+
| Year | Firm duration | Option(s) | Region | Expected completion |
±-----±--------------±----------±--------------±--------------------+
| 2024 | 4 months | 4 months | UK | Semi-submersible |
±-----±--------------±----------±--------------±--------------------+
| 2025 | 3 months | 2 months | North America | 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, 19 January 2023
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: Q4 2022 results and webcast on 28 February 2023

Prosafe SE will release its fourth quarter 2022 results on 28 February 2023 at
approx. 07:00 a.m. CET. The Q4 2022 report and the Q4 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 the Hotel Continental, Stortingsgata 24/26, 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, 13 February 2023
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +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: Fourth quarter 2022 results

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

Fourth quarter 2022 EBITDA increased by 94 per cent year-over-year to USD 9.6
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million (USD 4.4 million). The fleet utilization was 56.1 per cent. At period
end, liquidity was USD 91.6 million (USD 73.9 million).

Operations, HSSE and backlog

• Q4 2022 utilisation of 56.1 (59.3) per cent, five out of seven vessels in
  operation during the quarter
• Full year utilization of 70.6 per cent, highest since 2014
• Good operating and HSSE performance on all vessels
• Backlog of USD 332 million (USD 126 million) at quarter end
• Signed 650-day Petrobras contract valued at USD 73 million, commencing in
  May 2023

Q4 financials

• Revenue of USD 38.9 million (USD 29.4 million) and EBITDA of USD 9.6 million
  (USD 4.4 million)
• Earnings increase compared to Q4 2021 driven by higher day rates
• Cash flow from operations of USD 24.7 million (USD 36.0 million), positively
  impacted in the quarter by improved working capital as vessels came off
  contract
• Liquidity of USD 91.6 million (USD 73.9 million) at quarter end

Market and outlook

• Strong improvement in demand and utilisation during 2022. Market utilisation
  for the most advanced accommodation vessels increased from 30 to 80 per cent
  in the past year
• Slower 2023 North Sea market expected. This combined with capex and
  mobilization spend in preparation for new contracts in Brazil and US GoM
  will negatively impact liquidity during 2023
• Favourable demand outlook in core markets, with an all-time high number of
  new PDOs in Norway and multiple FPSOs expected to come on stream in Brazil
  over the next years
• Increased tender activity expected based on ongoing client discussions for
  2024 and beyond

CEO comment

“We had high operational activity in the fourth quarter. Safe Boreas, Safe
Caledonia and Safe Zephyrus all completed their contracts during the period and
were safely demobilised. Backlog increased further as we finalised the 650-day
contract for Safe Zephyrus in Brazil,” says Jesper K. Andresen, CEO of Prosafe.

“We believe that 2023 will be weak in the North Sea with limited prospects for
Safe Caledonia and Safe Boreas. In contrast, we see increasing activity in 2024
and beyond. Based on discussion with clients, we expect several additional
tenders in the North Sea and Brazil for 2024 in the coming months. For the
longer term, the company remains optimistic on the outlook and sees significant
potential for market tightening and increasing day rates.”

Presentation

Jesper Kragh Andresen, CEO and Reese McNeel, CFO will today at 10:00 a.m. CET
present the results at the Hotel Continental, Stortingsgata 24/26, 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.

A complete version of the Q4 2022 earnings release and the Q4 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, 28 February 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: Contract and tender status update - March 2023

Contract update

Safe Zephyrus has arrived in Brazil and preparations are ongoing for contract
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commencement with Petrobras on 1 May 2023.

Safe Eurus started its new four-year contract with Petrobras on 17 February
2023 following directly from the expiry of the previous contract. Safe Eurus was
expected to be off hire for approximately 35 days in April/May 2023. The off-
hire period has now been moved to Q1 2024. Petrobras contract compliance works,
hull cleaning and SPS will now be conducted then.

Safe Notos is expected to be off hire for approximately 30 days in May 2023 for
Petrobras contract compliance works and hull cleaning.

Safe Concordia is laid up in Curaçao where ramp-up and mobilization works have
started for the upcoming project in the US Gulf of Mexico. The commencement
window is currently July through September 2023. A standby rate of USD 28,000
per day has been agreed for the period from 1 August until the latest
commencement date of 30 September.

The Safe Caledonia is laid up at Scapa Flow in the UK pending future work.

Safe Boreas is laid up in Norway pending future work.

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

Tender update

The recent Petrobras tender for 450 days has been cancelled. Prosafe is
currently not participating in any Petrobras tenders.

Prosafe is participating in the following tenders:

±-----±--------------±----------±--------------±---------------------+
| Year | Firm duration | Option(s) | Region | Expected competition |
±-----±--------------±----------±--------------±---------------------+
| 2024 | 5 months | 2 months | UK | Semi-submersible |
±-----±--------------±----------±--------------±---------------------+
| 2024 | 3 months | 1 month | UK | Semi-submersible |
±-----±--------------±----------±--------------±---------------------+
| 2025 | 3 months | 2 months | North America | Semi-submersible |
±-----±--------------±----------±--------------±---------------------+

Prosafe expects an additional 1 to 3 tenders and/or direct awards in the North
Sea for 2024 as well as additional opportunities for 2025. Petrobras may also
announce new tenders in 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, 21 March 2023
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: Annual reporting for 2022

Today, Prosafe publishes its Annual report, Corporate Governance report,
Environmental, Social and Governance (ESG) report and Remuneration report for
2022. In addition, the company presents the Transparency Act statement for 2022.
…

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The reports are attached and also available on https://www.prosafe.com/investor-
information/annual-reports/ and on https://newsweb.oslobors.no/

Prosafe has also published its annual financial statements in European Single
Electronic Format (ESEF), available as an attachment to this release.

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, 28 March 2023
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: Amendment of CFO 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 agreed to amend the strike
price of the 100,000 options for Reese McNeel (CFO) to the market price of NOK
…

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146.50. The new strike price corresponds to the volume-weighted average price
(VWAP) of a share between the opening and closing of trading for the 10 trading
days between 10 March and 23 March 2023.

Please see the attached form of notification and public disclosure by the PDMR.

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, 28 March 2023
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: Notice of Annual General Meeting 2023

The Annual General Meeting of Prosafe SE will be held on 10 May 2023 at 08.30
a.m. CEST. The meeting will be held as a virtual meeting only, with no physical
attendance for shareholders.
…

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Live virtual attendance will take place via Lumi AGM. Shareholders who want to
participate online do not need to pre-register but must be logged in before the
meeting starts. Link to Lumi AGM: https://web.lumiagm.com/154842545.
Participants will need to identify themselves using their unique reference
number and PIN code assigned by the Norwegian Central Securities Depository
(Euronext VPS).

Online voting in advance of the meeting is possible. Please go to
https://www.prosafe.com/investor-information/corporate-governance/general-
meetings/ to cast your vote. The deadline for advance voting and submission of
proxies is 8 May 2023 at 10:00 a.m. CEST.

Attached the Notice of the Annual General Meeting including proxy forms and the
Board of directors’ proposed resolutions.

All documents to be processed in the meeting, including a guide for online
participation, are available on 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, 18 April 2023
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 - April 2023

Contract update

Fleet utilization for Q1 2023 was 28.6 percent. This compares to 68.1 percent in
…

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Q1 2022 and 56.1 percent in Q4 2022.

Safe Zephyrus is in Brazil and final preparations are ongoing for contract
commencement with Petrobras. Prosafe expects that the 650-day contract will
commence as planned on 1 May 2023.

Safe Eurus started its four-year contract with Petrobras on 17 February 2023
following directly from the expiry of the previous contract. Safe Eurus will be
off hire for approximately 35 days in Q1 2024 to complete Petrobras compliance
works, hull cleaning and SPS.
Safe Notos continued operations with Petrobras during Q1 2023. Safe Notos is
expected to be off hire for approximately 30 days in mid-May 2023 for Petrobras
contract compliance works and hull cleaning.

Safe Concordia is in Curaçao where ramp-up and mobilization works are ongoing
for the upcoming contract in the US Gulf of Mexico. The Concordia upgrade and
contract compliance works are challenged by the condition of the vessel,
requirements for operation in the US GoM and the current high inflationary
environment. The commencement window is now 1 August through 15 September 2023.
A standby rate of USD 28,000 per day has been agreed for the period from 1
August until completion of mobilisation.

Safe Caledonia is laid up at Scapa Flow in the UK pending future work.

Safe Boreas is laid up in Norway pending future work.

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

Tender update

Prosafe is participating in the following tenders:

±—±------------±---------±------------±-------------------------------+
|Year|Firm duration|Option(s) |Region |Expected competition |
±—±------------±---------±------------±-------------------------------+
|2024|4 months |4 months |UK |Semi-submersible |
±—±------------±---------±------------±-------------------------------+
|2024|4 months |1 month |UK |Semi-submersible / W2W |
±—±------------±---------±------------±-------------------------------+
|2024|3 months |1.5 months|UK |Semi-submersible / Jack-up / W2W|
±—±------------±---------±------------±-------------------------------+
|2024|3 months |1 month |UK |Semi-submersible / Jack-up |
±—±------------±---------±------------±-------------------------------+
|2025|3 months |2 months |North America|Semi-submersible |
±—±------------±---------±------------±-------------------------------+
|2025|6 months |2 months |Australia |Semi-submersible |
±—±------------±---------±------------±-------------------------------+

Prosafe expects additional tenders and/or direct awards in the North Sea for
2024 and 2025. Petrobras will likely announce new tenders in 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, 21 April 2023
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: Q1 2023 results and webcast on 11 May 2023

Prosafe SE will release its first quarter 2023 results on 11 May 2023 at approx.
07:00 a.m. CEST. The Q1 2023 report and the Q1 2023 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 the Hotel Continental, Stortingsgata 24/26, 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, 26 April 2023
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: Jesper Kragh Andresen to step down as CEO of Prosafe SE

After more than 6 years as CEO in Prosafe, Jesper Kragh Andresen, has informed
the Board of Directors that he will step down as CEO. He will continue in his
current role until his successor is in place. The Board has initiated a process
…

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to identify the next CEO of the Company.

Jesper Kragh Andresen says: ‘It has been a privilege to be part of the Prosafe
team through these years. My near-term focus is to ensure the optimal running of
Prosafe and at the same time contribute to a smooth transition to provide the
best possible starting point for my successor.’

Glen O. Rødland, Chairman, says: ‘The Board wishes to thank Jesper for his
contribution to Prosafe and the close collaboration for more than 6 years. He
managed the company safely through the downturn in the energy industry and
subsequently a financial restructuring of Prosafe. The company is now moving
into a new phase and is well positioned for an expected upturn in the market
from 2024 and onwards.’

The Board has engaged Russell Reynolds Associates in Oslo as an advisor in the
recruitment process.

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, 27 April 2023
Prosafe SE

For further information, please contact:

Glen O. Rødland, Chairman
Phone: +47 907 41 662

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

[E24Bot]

Prosafe-sjefen slutter

Prosafe-sjefen slutter