Prosafe SE (PRS.OL)

TekBot · mai 12, 2025, 5:06am

Prosafe SE: Safe Notos Declared Winner in Petrobras Tender

Prosafe has been declared the winner of a bidding process for a four-year
contract by Petróleo Brasileiro SA (‘Petrobras’) for the provision of the Safe
Notos semi-submersible vessel for safety and maintenance support offshore
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Brazil. Contract award and timing are subject to a formal process during which
Petrobras is under no formal obligation to conclude a contract and other bidders
may appeal.

A contract, if awarded, has a firm period commitment of four years with the
operational commencement in September 2026 closely following on from the expiry
of the current Safe Notos contract that commenced in Q3 2022.

Total value of the contract is approximately USD 204 million.

The Safe Notos is a Dynamically Positioned (DP3) semi-submersible safety and
maintenance support (UMS) vessel, capable of operating in harsh environments.
The Safe Notos can accommodate up to 500 persons, has extensive recreation
facilities, a large crane capacity, large open deck area and a telescopic
gangway.

Terje Askvig, CEO of Prosafe says:?"The tender process with Petrobras resulted
in the Safe Notos being best placed, and after a qualification and negotiation
phase we are very pleased to be declared the winner. The Safe Notos is one of
the best performing UMS vessels for Petrobras, consistently delivering safe and
reliable operations. The contract, if awarded, demonstrates that the market is
strong in Brazil, with charter rates significantly increasing from those in the
recent past.

Prosafe will continue to be the leading provider of UMS vessels in Brazil and is
well positioned to increase its market share through continued best-in-market
delivery, close and valued partnership with Petrobras, and having units capable
of meeting all the requirements set out by both Petrobras and regulators."

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 · mai 13, 2025, 2:17pm

Prosafe SE: Report from Nomination Committee published

Prosafe SE (the “Company”) refers to the notice published on 30 April 2025 in
respect of the Company’s Annual General Meeting to be held on 21 May 2025 at
08.30 a.m. CEST.
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The report from the Nomination Committee is now published and available on the
Company’s website at: 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)

Oslo, 13 May 2025

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 of the Norwegian Securities Trading Act.

Kilde

TekBot · mai 16, 2025, 5:06am

Prosafe SE: Last day of trading including rights to Warrants

16 May 2025 - Prosafe SE (the “Company”) refers to the notice of an
extraordinary general meeting (EGM) published on 25 April 2025 in connection
with the proposed recapitalisation of the Company announced on 24 April 2025,
…

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including the proposal to issue warrants (“Warrants”) in accordance with the
Norwegian Public Limited Liability Companies Act Section 11-12 to existing
shareholders as of the date of the extraordinary general meeting, conditional
upon completion of the recapitalisation. The Company further refers to the key
information announcement published on 25 April 2025 in respect of the Warrants.

Today, 16 May 2025, is the last day of trading of the Company’s shares including
the right to subscribe for Warrants assuming approval by the EGM later today.
The Company will publish an ex. date announcement prior to commencement of
trading on the ex. date, Monday 19 May 2025.

The offering of Warrants and their subsequent exercise period remains
conditional upon the Company completing the proposed recapitalisation as set out
in the proposed resolution to the EGM. The offering of Warrants is subject to
the preparation and publication of a prospectus. Warrants will not be offered to
shareholders in a jurisdiction where such offering would be unlawful or, for
jurisdictions other than Norway, would require any prospectus, filing,
registration or similar action, other than in accordance with applicable
exemptions.

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 of the Norwegian Securities Trading Act.

Kilde

TekBot · mai 16, 2025, 8:54am

Prosafe SE: Correction: 2024 Annual Report

Correction: The below announced Press Release did not include attached ESEF
file, there are no changes to the numbers or the wording reported in the Annual
report, Remuneration report and Transparency act statement for 2024. The ESEF is
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now included as an attachement.

30 April 2025 - Prosafe SE today published the Annual report, Transparency Act
Statement and Remuneration report for 2024. The Annual report includes the 2024
annual accounts, corporate governance report and sustainability report.

On 31 January 2025, Prosafe reported preliminary and unaudited results for the
fourth quarter and full year 2024. Today’s audited accounts include adjustments
to EBITDA and net loss compared to the end-January preliminary figures following
the sale of the Safe Concordia completed in March 2025.

EBITDA increased by USD 3.4 from USD 23.8 million to USD 27.2 million due to
reversal of demobilisation accruals

Impairment increased from nil to USD 8.4 million due to a realised sale price
below the net book value after the reporting date

Net loss for the period increased by USD 4.9 million, from USD 41.8 million to
46.7 million

The reports are attached and also available on https://www.prosafe.com/investor-
information/annual-reports/ and on https://newsweb.oslobors.no/ Prosafe also
published its annual financial statements in European Single Electronic Format
(ESEF), which can be found on the website.

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

For further information, please contact:
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 · mai 16, 2025, 12:02pm

Prosafe SE: Extraordinary General Meeting completed

TekBot · mai 19, 2025, 6:39am

Prosafe SE: Prosafe SE - Ex. date

Prosafe SE (the “Company”) refers to the resolutions passed by an extraordinary
general meeting of the Company on 16 May 2025 in connection with the proposed
recapitalisation of the Company announced on 24 April 2025, including the
…

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proposal to issue warrants (“Warrants”) in accordance with the Norwegian Public
Limited Liability Companies Act Section 11-12 to existing shareholders as of the
date of the extraordinary general meeting, conditional upon completion of the
recapitalisation. The Company further refers to the key information announcement
published on 25 April 2025 in respect of the Warrants.

The shares in the Company will be traded excluding the rights to subscribe for
Warrants as of today, 19 May 2025.

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 · mai 21, 2025, 5:01am

Prosafe SE: First-quarter results 2025

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

21 May 2025 - Prosafe SE reported EBITDA of USD 4.6 million (USD 7.2 million)
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for the first quarter of 2025. The company had four active vessels during the
quarter.

Operations and HSSE

Good operating performance

Safe Zephyrus extended with Petrobras to Q3 2027

Sale of Safe Concordia and Safe Scandinavia

Safe Caledonia re-activated for UK contract with start 1 June

Safe Boreas in transit to Singapore ahead of Australia contract

Safe Notos declared winner of Brazil 4-year tender

Q1 financials

Revenues of USD 33 million (USD 34 million) and EBITDA of USD 4.6 million
(USD 7.2 million)

Cash flow from operations of USD 28.4 million (negative USD 1.4 million)
including contract prepayments for Safe Boreas and Safe Caledonia

Capex of USD 21.2 million (USD 1.7 million) due to reactivation of Safe
Boreas and Safe Caledonia

Liquidity position of USD 54 million, compared to USD 46.8 million at year-
end 2024

Recapitalisation

Terms agreed for equitisation of USD 193 million of debt for 90% of the
shares in the company

Supported by lenders representing the USD 250 million and the USD 93 million
loan facilities and approved by Prosafe shareholders at the extraordinary
general meeting on 16 May

Existing shareholders to retain 5% ownership with penny warrants for further
5% at EUR 0.01 per share

Transaction provides a sustainable capital structure and sufficient
liquidity to meet capital expenditure and working capital needs for the
foreseeable future

Estimated post recapitalization net debt of USD 220 million

Expected completion in Q3 2025

Market and outlook

Ongoing Petrobras tenders confirm strong market fundamentals in Brazil

North Sea operators continue to plan for future campaigns with focus on
2027 and beyond

Increased backlog, improved market and recapitalisation positions Prosafe
for improved earnings

Please see the Q1 2025 presentation for further details.

Terje Askvig, the CEO of Prosafe, says, “Operationally, we maintain high
utilisation on our active fleet, while making good progress on preparing for new
contracts in Australia and the UK. We also continue to build backlog with Safe
Notos recently named winner, subject to final contract, of a 4-year tender with
Petrobras in Brazil. We are also very pleased with the support shown by our
lenders and shareholders through the agreed refinancing which will create a
sustainable capital structure going forward and ensure that Prosafe continues to
be the world’s leading provider of floating accommodation vessels and Units for
Maintenance and Safety (UMS).”

Presentation

Terje Askvig, CEO, and Reese McNeel, CFO, will present the results at Pareto
Securities, located at Dronning Mauds gate 3, 0115 Oslo, on 21 May 2025 at
10:00 CEST.

This presentation is open to the public and will be live-streamed on Prosafe’s
website.

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 2025 press release and presentation is attached and can be downloaded
from https://www.prosafe.com and www.newsweb.no (https://www.newsweb.no). The
2024 annual report was published on 30 April 2025.

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 · mai 21, 2025, 6:55am

Prosafe SE: Operational update - April 2025

21 May - Fleet utilisation for April 2025 was 58 per cent.

Safe Zephyrus and Safe Eurus operated at full capacity during April, achieving
…

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100 per cent commercial uptime.

Safe Notos had 92 per cent commercial uptime due to required repairs.

Safe Caledonia has been re-activated for UK contract with start 01 June. Safe
Boreas is in process of being transported to Singapore ahead of contract in
Australia.

Safe Scandinavia has been sold for recycling and been delivered to the buyer.

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 · mai 21, 2025, 11:04am

Prosafe SE (PRS.OL)

Prosafe SE: Safe Notos Declared Winner in Petrobras Tender

Prosafe SE: Report from Nomination Committee published

Prosafe SE: Last day of trading including rights to Warrants

Prosafe SE: Correction: 2024 Annual Report

Prosafe SE: Extraordinary General Meeting completed

Prosafe SE: Prosafe SE - Ex. date

Prosafe SE: First-quarter results 2025

Prosafe SE: Operational update - April 2025

Prosafe SE: Annual General Meeting completed