Prosafe SE (PRS.OL)

[TekBot]

Prosafe SE: Operational Update - March 2024

Fleet utilization for February 2024 was 55.9 percent.

Safe Notos, Safe Zephyrus and Safe Concordia had utilization of 100 percent in
…

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February.

Safe Eurus had utilization of 91.3 percent in February due to a repair that was
completed during the month.

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

Safe Boreas and Safe Scandinavia are laid up in Norway pending future work

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 March 2024

Prosafe SE

For further information, please contact:

Terje Askvig, CEO
Phone: +47 952 03 886

Reese McNeel, CFO
Phone: +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: Notice of Annual General Meeting to be held on 7 May 2024

The Annual General Meeting of Prosafe SE will be held on 7 May 2024 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://dnb.lumiagm.com/192234619

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
VPS GeneralMeeting
066&validTo=1717655400000&oppdragsId=20240312VPKMVMU0 to cast your vote. The
deadline for advance voting and submission of proxies is 3 May 2024 at 08:30
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, 16 April 2024
Prosafe SE

For further information, please contact:

Terje Askvig, CEO
Phone: +47 51 65 24 90 / +47 952 03 886

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 - April 2024

Fleet utilization for Q1 2024 was 56 percent.

Safe Notos and Safe Zephyrus had utilization of 100 percent in Q1 2024 while
…

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Safe Eurus had utilization of 95 percent.

Safe Concordia had utilization of 100 percent in Q1 2024 and received 95% day
rate until 01 February due to crane repair.

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

Safe Boreas and Safe Scandinavia are laid up in Norway pending future work.

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

Stavanger, 19 April 2024
Prosafe SE

For further information, please contact:

Terje Askvig, CEO

Phone: +47?952 03 886

Reese McNeel, CFO

Phone: +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 2024 results and webcast on May 8, 2024

Prosafe SE will release its first quarter 2024 results on May 8, 2024, at
approximately 07:00 a.m. CET. The Q1 2024 presentation will be published on
www.newsweb.no (http://www.newsweb.no/) and on Prosafe’s website www.prosafe.com
…

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

Terje Askvig, CEO, and Reese McNeel, CFO, will, on the same day at 10:00 a.m.
CET, present the results at Pareto Securities, Dronning Mauds gate 3, 0115 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, 24 April 2024
Prosafe SE

For further information, please contact:

Terje Askvig, CEO
Phone: +47 51 65 24 90 / +47?952 03?886

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: Annual General Meeting completed

Pursuant to the Notice of 16 April 2024, an Annual General Meeting of Prosafe SE
was held today, 7 May 2024.

…

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The Annual General Meeting resolved to approve all matters as proposed in the
Notice. The minutes from the Annual General Meeting are attached and can be
downloaded from http://www.newsweb.no and https://www.prosafe.com

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

7 May 2024
Prosafe SE

For further information, please contact:

Glen Ole Rødland, Chairman of Prosafe SE
Phone: +47 907 41 662

Terje Askvig, CEO
Phone: +47 952 03 886

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

Kilde

[TekBot]

Prosafe SE: First-quarter results 2024

(Figures in brackets refer to the corresponding period last year)

8 May 2024 - Prosafe SE reported EBITDA of USD 7.2 million (negative USD 6.4
…

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million) for the first quarter of 2024. The year-over-year increase in EBITDA
was mainly driven by higher utilisation, with four active vessels during the
quarter, compared to two active vessels in the same period of 2023.

Operations and HSSE

• Good operating and safety performance on all vessels
• Q1 2024 utilisation of 56.3% (28.6%), four out of seven vessels operating
  during the quarter
• Safe Zephyrus, Safe Notos and Safe Concordia had 100% utilisation in the
  quarter; Safe Eurus had 95% utilisation due to minor repairs
• Four out of six options declared for Safe Concordia taking firm period
  through 9 November 2024, increasing firm backlog by USD 12.7 million
• Backlog of USD 218 million (USD 316 million) at period-end

Q1 financials

• Revenues of USD 34.0 million (USD 14.3 million) and EBITDA of USD 7.2
  million (negative USD 6.4 million)
• Cash flow from operations of negative USD 1.4 million (positive USD 6.2
  million), impacted by working capital
• Capex of USD 1.7 million (USD 14.8 million)
• Liquidity of USD 63.4 million, compared to USD 74.6 million at year-end 2023
• Closely monitoring compliance with minimum liquidity covenant going into
  2025
• Investigating potential measures to strengthen liquidity and balance sheet
  going forward

Market and outlook

• Prosafe controlling a significant share of open high-end accommodation
  capacity from 2024 to 2026 in the North Sea
• North Sea operators planning future campaigns with ongoing bidding for 2025
• Improving Brazil market with rising day rates and durations on the back of
  increased demand
• Expect higher utilisation, improved day rates and earnings growth

Terje Askvig, the CEO of Prosafe, says, “Prosafe is engaging in a number of
commercial discussions and is progressing with tenders for work in 2025 and
onwards. The activity level confirms a favourable accommodation vessel market.
In the North Sea, we hold the open high-end accommodation capacity through
2026. Continued high operational efficiency combined with contract extensions
and tender activity, provides a foundation for improved backlog and future
earnings growth.”

Presentation

Terje Askvig, CEO and Reese McNeel, CFO will today at 10:00 a.m. CEST present
the results at Pareto Securities, Dronning Mauds gate 3, 0115 Oslo.

The presentation is open to public and can also be followed live via web
streaming at https://wwww.prosafe.com

It will be possible to ask questions during the presentation by using the Q&A
tool embedded in the audiocast. These questions will be answered after the
presentation.

A replay of the audiocast will be made available on Prosafe’s website shortly
after.

The Q1 2024 press release and presentation is attached and can be downloaded
from https://www.prosafe.com and www.newsweb.no (https://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 (https:///www.prosafe.com)

For further information, please contact:

Terje Askvig, CEO Phone: +47 51 65 24 30 / +47 952 03 886

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: Operational Update - May 2024

Oslo, 21 May 2024

Fleet utilisation for April 2024 was 56 percent.
…

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Safe Notos and Safe Eurus had utilisation of 100 percent in April 2024 while
Safe Zephyrus had utilisation of 93 percent.

Safe Concordia had utilisation of 100 percent in April 2024.

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

Safe Boreas and Safe Scandinavia are laid up in Norway pending future work.

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

For further information, please contact:

Terje Askvig, CEO
Phone: +47?952 03 886

Reese McNeel, CFO
Phone: +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: Prosafe issued Conditional Letter of Intent for Safe Boreas

Oslo, 30 May 2024

Prosafe has been issued a Conditional Letter of Intent (CLoI) for the Safe
…

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Boreas to provide gangway connected operations to support a project off the
coast of Western Australia. The CLoI is conditional upon execution of a final
contract.

The firm duration of the contract linked to the CLoI is 15 months with up to six
months of options. The Safe Boreas will mobilise from the North Sea within Q2
2025. Safe Boreas will undergo its five-yearly special periodic survey and other
maintenance works prior to commencement of the contract.

The value of the contract linked to the CLoI is approximately USD 75 million to
USD 100 million depending on options.

The Safe Boreas is one of the world’s most advanced and versatile semi-
submersible DP-3 accommodation vessels and complies with stringent rules in
Australia, Norway and UK. Single person cabins, extensive recreation facilities,
combined with a large deck area, cranes and passive motion compensated gangway
will ensure the highest level of performance.

Terje Askvig, CEO of Prosafe says: “Prosafe is proud to receive this Conditional
LoI and confident of formalising to contract. With Safe Boreas, the client will
receive a vessel with the highest standard and reputation in supporting the
world’s foremost hook-up and commissioning projects. The market outside the
North Sea has seen an increasing level of activity and high-end offshore
accommodation demand and this CLoI is further evidence of this trend.”

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

For further information, please contact:
Terje Askvig, CEO
Phone: +47?952 03 886

Reese McNeel, CFO
Phone: +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 - June 2024

Oslo, 20 June 2024

Fleet utilisation for May 2024 was 57 percent.
…

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All operational rigs, Safe Eurus, Safe Notos, Safe Zephyrus and Safe Concordia,
achieved 100 percent utilisation in May 2024.

Prosafe entered into a Conditional Letter of Intent (CLoI) for Safe Boreas and
will mobilise the vessel from the North Sea within Q2 2025. Safe Boreas will
support a project off the coast of Western Australia for a minimum firm
operational period of 15 months, with an additional six months of options.

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

Safe Scandinavia is laid up in Norway pending future work.

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

For further information, please contact:

Terje Askvig, CEO

Phone: +47?952 03 886

Reese McNeel, CFO

Phone: +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 Caledonia awarded Letter of Intent

5th July 2024

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Prosafe has been issued a Letter of Intent (LoI) from Ithaca Energy (UK) Limited
for the charter of the Safe Caledonia to provide gangway connected accommodation
support at the Captain field in the UK sector of the North Sea.

The firm duration of the contract commencing June 2025 is 6 months with up to 3
months of options and final contract award is subject to meeting certain site
specific technical criteria. The Safe Caledonia will undergo its five-yearly
special periodic survey and other maintenance works prior to commencement of the
contract.

The value of the contract linked to the LoI is approximately USD 26 million to
USD 37 million depending on options.

Terje Askvig, CEO of Prosafe says:?“The Safe Caledonia has provided consistently
safe and reliable high quality accommodation support in the UK sector for many
years, and we are very pleased to gain this LoI from a new client in Ithaca
Energy. The reactivation and commitment of the Safe Caledonia reflects the
continued tightening of the accommodation market in the North Sea and globally”

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
(https://www.prosafe.com/)??

For further information, please contact:??

Terje Askvig, CEO?

Phone: +47?95203886?

Reese McNeel, CFO?

Phone: +47?41508186?

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

Kilde

[TekBot]

Prosafe SE: Operational update - July 2024

Fleet utilisation for Q2 2024 was 56 percent.

In Q2 2024, Safe Eurus and Safe Concordia both achieved 100% utilisation. Safe
…

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Notos reached 99%, while Safe Zephyrus had a 98% utilisation due to necessary
maintenance work.

Prosafe entered into a Letter of Intent (LoI) with Ithaca Energy (UK) Limited
for the deployment of the Safe Caledonia at the Captain field in the UK sector
of the North Sea starting in Q2 2025. The minimum firm operational period is six
months, with an additional three months of options.

Safe Boreas is laid up in Norway pending relocation to Australia in Q2 2025.

Safe Scandinavia is laid up in Norway pending future work.

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

18 July 2024
Prosafe SE

For further information, please contact:

Terje Askvig, CEO
Phone: +47?952 03 886

Reese McNeel, CFO
Phone: +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: Q2 2024 results and webcast on August 15, 2024

Prosafe SE will release its second quarter 2024 results on August 15, 2024, at
approximately 07:00 a.m. CEST. The Q2 2024 presentation will be published on
www.newsweb.no (http://www.newsweb.no) and on Prosafe’s website www.prosafe.com
…

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

Terje Askvig, CEO, and Reese McNeel, CFO, will on the same day at 10:00 a.m.
CEST, present the results at Pareto Securities, Dronning Mauds gate 3, 0115
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).

01 August 2024
Prosafe SE

For further information, please contact:

Terje Askvig, CEO
Phone: +47 952 03 886

Reese McNeel, CFO
Phone: +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: Second-quarter results and first half report 2024

(Figures in brackets refer to the corresponding period last year)

15 Aug 2024 - Prosafe SE reported EBITDA of USD 6.6 million (negative USD 9.8
…

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million) for the second quarter and USD 13.8 million (negative USD 16.2 million)
for the first half of 2024.

Operations, HSSE and backlog

• Good operating and safety performance on all vessels

• Utilisation of 56%, four out of seven vessels operating during the quarter
  and first half

• Strong commercial performance

  • Conditional Letter of Intent (LOI) for Safe Boreas signed in May
  • LOI for Safe Caledonia signed in July
  • Discussing Safe Zephyrus contract extension with Petrobras

Q2 and first half financials

• Revenues of USD 34.2 million (USD 21.0 million) for Q2 and USD 68.2 million
  (USD 35.3 million) for H1
• Liquidity of USD 65.9 million at 30 June
• Closely monitoring compliance with the minimum liquidity covenant into 2025
• Investigating potential measures to strengthen liquidity and balance sheet

Market and outlook

• Improving Brazil market with rising day rates and durations on the back of
  increased demand
• Further tenders and additional accommodation demand expected in Brazil going
  forward
• North Sea operators planning future campaigns with continued bidding for
  2025 and initial discussions regarding 2026
• Expect higher utilisation and earnings growth for the coming years

Terje Askvig, the CEO of Prosafe, says, “Prosafe has successfully increased the
backlog by securing work for both Safe Boreas and Safe Caledonia on good terms
with significant pre-funding. This reflects a tightening accommodation market,
which combined with continued high operational efficiency, positions Prosafe for
future growth and increased earnings. Longer-term, the accommodation market
continues to improve, with good visibility of supply and expected growth in
demand led by Brazil. This is driving utilisation back to historically
favourable levels. Prosafe is well positioned to capitalise on this trend,
building on our 30 percent market share in Brazil.”

Presentation

Terje Askvig, CEO and Reese McNeel, CFO will today at 10:00 a.m. CEST present
the results at Pareto Securities, Dronning Mauds gate 3, 0115 Oslo.

The presentation is open to public and can also be followed live via web
streaming at https://wwww.prosafe.com

It will be possible to ask questions during the presentation by using the Q&A
tool embedded in the audiocast. These questions will be answered after the
presentation.

A replay of the audiocast will be made available on Prosafe’s website shortly
after.

The Q2 2024 press release and presentation is attached and can be downloaded
from https://www.prosafe.com and www.newsweb.no (https://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 (https:///www.prosafe.com)

For further information, please contact:

Terje Askvig, CEO Phone: +47 952 03 886

Reese McNeel, CFO Phone: +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 contract signed

21 August 2024 - Reference is made to press release dated 30 May 2024 where
Prosafe announced the award of a Conditional Letter of Intent by an undisclosed
client for the provision to provide gangway connected operations to support a
…

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project off the coast of Western Australia for a firm period of 15 months with
up to six months of options.

Prosafe now advises that the contract has been signed. The Safe Boreas will
mobilise from the North Sea within Q2 2025 and will undergo its five-yearly
special periodic survey and other maintenance works prior to commencement of the
contract.

The value of the contract remains at approximately USD 75 million to USD 100
million depending on options.

Terje Askvig, CEO of Prosafe says:?“Formalising this contract has been a result
of close and positive collaboration. Prosafe is confident that the Safe Boreas
industry leading operational and safety performance will be delivered once
again.”

For further information, please contact:
Terje Askvig, CEO Phone: +47 952 03 886
Reese McNeel, CFO Phone: +47 415 08 186

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
(https://www.prosafe.com/)??

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. This stock exchange
announcement was published by Line Bliksmark, Marketing and Communications
Manager, on August 21st, 2024, at 07:00 CEST.

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

Kilde

[TekBot]

Prosafe SE: Safe Caledonia contract signed with Ithaca Energy

27 August 2024 - Reference is made to press release dated 5 July 2024 where
Prosafe announced the award of a Letter of Intent from Ithaca Energy (UK)
Limited. Prosafe now advises that the contract has been signed, and that
…

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the Safe Caledonia will provide accommodation support for Ithaca Energy at the
Captain field in the UK sector of the North Sea for a firm period of 6 months
commencing June 2025 with up to 3 months of options.

The total value of the contract is approximately USD 26 million to USD 37
million depending on options.

Terje Askvig, CEO of Prosafe says:?“Prosafe is extremely pleased that we have
formalised the LoI into contract and we very much look forward to working
closely with Ithaca Energy deploying the Safe Caledonia at the Captain field in
the UK. As the market continues to tighten, reactivation of the Safe Caledonia
will provide optionality to our clients in the years to come.”

For further information, please contact:

Terje Askvig, CEO Phone: +47 952 03 886
Reese McNeel, CFO Phone: +47 415 08 186

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
(https://www.prosafe.com/)??

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. This stock exchange
announcement was published by Line Bliksmark, Marketing and Communications
Manager, on August 27th, 2024, at 20:00 CEST.

Kilde

[TekBot]

Prosafe SE: Safe Concordia charter further extended in the US Gulf of Mexico

11 September 2024 - With reference to the public disclosures dated 13 October
2022 and 29 January 2024, the charterer of the Safe Concordia has exercised
early the remaining 2 months of options, plus a further 2 months. The fixed term
…

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of the contract is now through to 09 March 2024.

The total value of the 4 month extended period is approximately USD 13.14
million.

For further information, please contact:
Terje Askvig, CEO Phone: +47 952 03 886
Reese McNeel, CFO Phone: +47 415 08 186

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

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. This stock exchange
announcement was published by Line Bliksmark, Marketing and Communications
Manager, on September 11th, 2024, at approx.16:30 CEST.

Kilde

[TekBot]

Prosafe SE: Operational update - August 2024

20 September - Fleet utilisation for August 2024 was 57 percent.

In August, Safe Eurus and Safe Notos achieved 99% utilisation, while Safe
…

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Zephyrus reached 97%.

The contract for Safe Concordia has been extended through the final two-months
of options, plus an additional two-month extension. The vessel maintained 100%
utilisation during August.

Prosafe has secured firm contracts for both the Safe Caledonia and the Safe
Boreas. The Safe Caledonia is set to begin operations in June 2025 at the
Captain field in the UK sector. Safe Boreas will be mobilised from the North Sea
in Q2 2025 to Australia.

Safe Scandinavia is laid up in Norway.

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

For further information, please contact:

Terje Askvig, CEO
Phone: +47 952 03 886

Reese McNeel, CFO
Phone: +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 - September 2024

18 October - Fleet utilisation for Q3 2024 was 57 percent.

In Q3 2024, Safe Concordia, Safe Notos and Safe Eurus all achieved 100%
…

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utilisation. Safe Zephyrus reached 99% utilisation.

Safe Caledonia is laid up at Scapa Flow, UK, and is scheduled for deployment to
the Captain Field, UK, starting Q2 2025.

Safe Boreas is laid up in Norway pending relocation in Q2 2025 for a contract in
Australia commencing earliest October 2025.

Safe Scandinavia is laid up in Norway.

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

For further information, please contact:

Terje Askvig, CEO
Phone: +47 952 03 886

Reese McNeel, CFO
Phone: +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: Invitation to Q3 2024 results and webcast on November 14th

01 November - Prosafe SE will release its third quarter 2024 results on November
14, 2024, at approximately 07:00 a.m. CET. The Q3 report will be available on
both www.newsweb.no (http://www.newsweb.no) and Prosafe’s website,
…

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

Terje Askvig, CEO, and Reese McNeel, CFO, will present the results at Pareto
Securities, located at Dronning Mauds gate 3, 0115 Oslo, on the same day at
10:00 a.m. CET. This presentation is open to the public and will be live-
streamed on Prosafe’s website.

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).

For further information, please contact:

Terje Askvig, CEO
Phone: +47 952 03 886

Reese McNeel, CFO
Phone: +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: Third-quarter results 2024

(Figures in brackets refer to the corresponding period last year)

14 November 2024 - Prosafe SE reported EBITDA of USD 5.0 million (USD 8.4
…

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million) for the third quarter of 2024. The company had four active vessels
during the quarter.

Operations and HSSE

• Good operating and safety performance on all vessels

• Q3 2024 utilisation of 57% (52%), four out of seven vessels operating during
  the quarter

• Safe Concordia, Safe Notos and Safe Eurus all had 100% utilisation, Safe
  Zephyrus 99% utilisation

• Strong commercial performance with close to doubling of backlog from prior
  year

  • Safe Boreas and Safe Caledonia contracts signed, adding USD 137 million
    to firm backlog
  • Safe Concordia contract extended to early March 2025, adding USD 13.1
    million to firm backlog
  • Safe Zephyrus extension expected to Q3 2027 with Petrobras, adding
    potential USD 105 million to backlog

• Backlog of USD 400 million (USD 268 million) including expected Zephyrus
  extension

Q3 financials

• Revenues of USD 34.6 million (USD 32.8 million) and EBITDA of USD 5.0
  million (USD 8.4 million)
• Cash flow from operations of USD 9.1 million (negative USD 14.0 million),
  impacted positively by Safe Caledonia up-front contract payment
• Capex of USD 2.8 million (USD 5.7 million)
• Liquidity position of USD 63.5 million, compared to USD 65.9 million at end
  Q2 2024 and USD 74.6 million at end Q4 2023
• Increased backlog and improved outlook create a platform to strengthen
  liquidity and achieve a sustainable capital structure
• Refinancing process is continuing with an indicative refinancing requirement
  of ~USD 400 million including USD 343 million in debt maturities and
  additional liquidity to support rig re-activations and capex
• Advisors have been appointed to support the refinancing process
• Expect to complete refinancing during H1 2025, an equity component is
  expected to form part of the overall structure

Market and outlook

• Improving Brazil market with recent tender and further long and short-term
  contracts expected
• North Sea operators planning future campaigns with continued bidding for
  2025 and discussions regarding 2026 to 2028 requirements
• Increased utilisation and earnings growth expected in coming years

Terje Askvig, the CEO of Prosafe, says, “Prosafe is successfully building a
strong backlog for 2025 and onwards. Our recent commercial progress confirms an
improving market for accommodation vessels led by high demand in Brazil
supported by more activity in the North Sea and other markets. Combined with
continued high operational efficiency, this provides a foundation for earnings
growth and achieving a sustainable capital structure prior to 2025 maturity
refinancing.”

Presentation

Terje Askvig, CEO and Reese McNeel, CFO will today at 10:00 a.m. CET present the
results at Pareto Securities, Dronning Mauds gate 3, 0115 Oslo.

The presentation is open to public and can also be followed live via web
streaming at https://wwww.prosafe.com

It will be possible to ask questions during the presentation by using the Q&A
tool embedded in the audiocast. These questions will be answered after the
presentation.

A replay of the audiocast will be made available on Prosafe’s website shortly
after.

The Q3 2024 press release and presentation is attached and can be downloaded
from https://www.prosafe.com and www.newsweb.no (https://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 (https:///www.prosafe.com)

For further information, please contact:

Terje Askvig, CEO Phone: +47 952 03 886

Reese McNeel, CFO Phone: +47 415 08 186

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

Kilde