Prosafe SE (PRS.OL)

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

Currently the following companies are placed in Recovery Box:

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

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

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

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

Currently the following companies are placed in Penalty Bench:

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

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

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

Kilde

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

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, the latest in a press release dated 1
September 2021 in relation to directions given by the Singapore Court regarding
…

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applications made by Prosafe SE and Prosafe Rigs Pte Ltd (“PRPL”) to extend the
original moratorium orders (granted by the Singapore Court on 27 May 2021) up to
31 January 2022 or such other date as the Singapore Court thinks fit in HC/SUM
3983/2021 and HC/SUM 3984/2021 (the “Moratorium Extension Applications”).

At the hearing for the Moratorium Extension Applications held today, the
Singapore Court granted the Moratorium Extension Applications in full, as set
out below:

1. Pursuant to Section 64 of the Insolvency, Restructuring and Dissolution Act
   2018 (Act 40 of 2018) (“IRDA”):

   a. That the orders under Section 64(1) of the IRDA granted in the original
   moratorium orders (and reproduced at paragraphs 1 to 5 below) be
   extended until 31 January 2022 or until further orders are made:

     * no resolution for the winding up of Prosafe SE/ PRPL shall be
       passed;
     * no appointment of a receiver or manager over any property or
       undertaking of Prosafe SE/ PRPL shall be made;
     * no proceedings (other than proceedings under section 210 or 212 of
       the Companies Act, or sections 64, 66, 69 or 70 of the IRDA) whether
       before a court, arbitral tribunal, administrative agency or
       otherwise, and whether current, pending or threatened against
       Prosafe SE/ PRPL shall be commenced or continued, except with the
       leave of the Court and subject to such terms as the Court imposes;
     * no execution, distress or other legal process shall be commenced,
       continued or levied against any property of Prosafe SE/ PRPL, except
       with the leave of the Court and subject to such terms as the Court
       imposes?
     * no step shall be taken to enforce any security over any property of
       Prosafe SE/ PRPL, or to repossess any goods held by Prosafe SE/ PRPL
       under any chattels leasing agreement, hire-purchase agreement, or
       retention of title agreement, except with the leave of the Court and
       subject to such terms as the Court imposes? and
     * no right of re-entry or forfeiture under any lease in respect of any
       premises occupied by Prosafe SE/ PRPL shall be enforced (including
       pursuant to Sections 18 or 18A of the Conveyancing and Law of
       Property Act (Cap. 61)), except with the leave of the Court and
       subject to such terms as the Court imposes?
   

   b. Prosafe SE/ PRPL be entitled to attend and make submissions at the
   hearing of any application(s) for leave to the Court to commence,
   continue, levy, or enforce any of the proceedings, or to take any steps
   restrained by the order in paragraph 1(a) above;

2. The order at paragraph 1(a) shall apply to any act of any person in
   Singapore, or within the jurisdiction of the Court, whether the act takes
   place in Singapore or elsewhere;

3. An officer of Prosafe SE/ PRPL be designated as the Prosafe SE/ PRPL’s
   Foreign Representative within the meaning of Section 101(24) of the United
   States Bankruptcy Code (or any jurisdiction which adopts or incorporates the
   UNCITRAL Model Law on Cross-Border Insolvency (“Model Law”)) and be
   authorised to apply for a suitable order to effectuate the terms of the
   application herein and such other additional relief and/or assistance in the
   United States of America or any other Model Law jurisdiction as appropriate?

4. Prosafe SE/ PRPL shall have liberty to apply for such further or other
   directions as may be necessary? and

5. Prosafe SE/ PRPL shall submit to the Court monthly management accounts and a
   13-week cash flow forecast as prepared by its financial advisor and updated
   on a fortnightly basis, such documents to be submitted monthly. In addition,
   if Prosafe SE/ PRPL acquires or disposes of any property or grants security
   over any property, Prosafe SE/ PRPL is to submit information relating to the
   acquisition, disposal or grant of security to the Court not later than 14
   days after the date of the acquisition, disposal or grant of security.

Prosafe SE and PRPL will make the appropriate announcements as and when there
are any further material developments on the financial process and the matters
above. Please monitor Prosafe SE’s website for any announcements or update on
the 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)

(https://www.globenewswire.com/Tracker?data=wg3IaNRJCw1MmETnYKD4MlwNM0DrVMSiHHV4
e-m9qDsUgKiAuF72BJpMzMRwO1dZxtUex8j4734ZRcOa_7mPQw==)

Stavanger, 13 September 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

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Prosafe presenting at the Pareto Securities Energy Conference

Prosafe’s CEO, Jesper K. Andresen will present at the Pareto Securities Energy
Conference in Oslo today.

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The presentation is attached and has also been uploaded to Prosafe’s website
www.prosafe.com (http://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 www.prosafe.com (http://www.prosafe.com)

Stavanger, 16 September 2021
Prosafe SE

For further information, please contact:

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

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

Kilde

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Prosafe SE: bp charters Safe Zephyrus in 2022

BP Exploration Operating Company Limited (‘bp’) has chartered the Safe Zephyrus
to provide gangway connected operations to support the Seagull project at the
ETAP central processing facility in the UK North Sea.
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The firm duration of the contract, starting Q1 2022, is 10 months with up to
four months of options.

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 value of the contract firm duration is USD 35.5 million, and the firm
duration including options value is USD 49.3 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 www.prosafe.com (http://www.prosafe.com)

17 September 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

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

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, the latest in a press release dated 13
September 2021, where it was informed that the Singapore Court granted the
…

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original moratorium order to be extended until 31 January 2022.

In order to provide support to the restructuring process the Companies sought
recognition of the original moratorium in Brazil and Scotland. The original
moratorium has been recognized in Brazil (in respect of Prosafe SE) by decisions
issued on 8 July 2021. A request for recognition of the extension in Brazil is
currently being sought. A similar moratorium recognition application was made in
Scotland, however, the application was rejected by the Outer House, Court of
Session on 24. September 2021. This decision does not affect the moratorium and
extension granted by the Singapore Court, which remains in full effect as a
matter of Singapore law. As reported previously the moratorium and extension
granted have extra territorial effect outside of Singapore. The Singapore scheme
process and timetable remains unaffected. Prosafe currently has no rigs within
the Scottish jurisdiction (within the range of 12 nautical miles).

Formal support from ca. 98.2% across the USD 1300 million facility and the USD
144 million facility on comprehensive and material restructuring of the
financial indebtedness of the group (the Transaction") continues and Prosafe’s
objective remains to continue business as normal during the restructuring
proceedings.

The Norwegian restructuring proceeding filed on 1 September to facilitate
implementation of the Transaction continues as planned, and the Company expects
to be able to complete the Transaction prior to 31 January 2022.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to www.prosafe.com
(https://www.globenewswire.com/Tracker?data=wg3IaNRJCw1MmETnYKD4MlwNM0DrVMSiHHV4
e-m9qDsUgKiAuF72BJpMzMRwO1dZxtUex8j4734ZRcOa_7mPQw==)

Stavanger, 24 September 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

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

Currently the following companies are placed in Recovery Box:

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

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

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

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

Currently the following companies are placed in Penalty Bench:

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

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

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

Kilde

[TekBot]

Prosafe SE: Extraordinary General Meeting held

Pursuant to the Notice of 6 September 2021, an Extraordinary General Meeting of
Prosafe SE was held today, 27 September 2021.

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

27 September 2021
Prosafe SE

For further information, please contact:

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

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

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

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

Kilde

[TekBot]

Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. - Update on the scheme documents

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, in particular the press release dated 18
August 2021 in relation to notice of the Scheme Meetings pursuant to Section
…

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210(1) of the Singapore Companies Act, for the purpose of considering and, if
thought fit, approving (with or without modifications) the Schemes proposed to
be made between Prosafe SE (“PSE”), Prosafe Rigs Pte. Ltd. (“PRPL”) and their
respective Scheme Creditors.

This announcement is to notify you that certain amendments have been made to the
Scheme Documents. The following documents can be downloaded from Clifford Chance
Pte. Ltd.'s virtual data room, which can be accessed at this link
(https://highq.in/ebfdj1rur5) for your information and to assist you in your
consideration of the Scheme(s):

1. PSE Supplementary Explanatory Statement, appending the updated versions of
   the following:

a) PSE Scheme Document

b) Restructuring Implementation Deed

2. PRPL Supplementary Explanatory Statement, appending the updated versions of
   the following:

a) PRPL Scheme Document

b) Restructuring Implementation Deed

3. Comparisons of the updated documents against the previous circulation on 18
   August 2021.

Please contact Clifford Chance Pte. Ltd. if you experience any difficulty in
accessing the documents, or have any queries, at the following email address -
Prosafe.Queries@CliffordChance.com (mailto:Prosafe.Queries@CliffordChance.com)
(mailto:Prosafe.Queries@CliffordChance.com)

Prosafe SE and PRPL will make the appropriate announcements as and when there
are any further material developments on the financial process and the matters
above. Please monitor Prosafe SE’s website for any announcements or update on
the 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, 28 September 2021
Prosafe SE

For further information, please contact:
Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

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

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

Kilde

[TekBot]

Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. - Outcome of Scheme Meetings

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, in particular the press releases dated 18
August 2021 and 28 September 2021 in relation to the Scheme Meetings to be held
…

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pursuant to Section 210(1) of the Singapore Companies Act, for the purpose of
considering and, if thought fit, approving (with or without modifications) the
Schemes proposed to be made between Prosafe SE, Prosafe Rigs Pte. Ltd. (“PRPL”)
and their respective Scheme Creditors.

The Scheme Meetings were held on 28 September 2021 on the Microsoft Teams
platform:

• at 4:00pm Singapore time for Secured Creditors of Prosafe SE;
• at 4:30pm Singapore time for Unsecured Creditors of Prosafe SE;
• at 5:00pm Singapore time for Secured Creditors of PRPL; and
• at 5:30pm Singapore time for Unsecured Creditors of PRPL.

Prosafe SE and PRPL wish to announce that the Schemes have been approved by the
requisite majority in number representing three-fourths in value of each class
of Scheme Creditors casting their votes through proxy and voting forms completed
and submitted by Scheme Creditors present and voting at the Scheme Meetings held
on 28 September 2021. The Schemes obtained the approval of 100% in number and
100% in value from Scheme Creditors present and voting at the Scheme Meetings of
each class of Scheme Creditors.

Prosafe SE and PRPL will be making applications to the Singapore Court for
sanction of the Schemes, and will provide further updates once the hearing
timelines have been fixed.

Prosafe SE and PRPL wish to thank all parties involved for their support of the
Schemes and the Group during the restructuring process.

Prosafe SE and PRPL will make the appropriate announcements as and when there
are any further material developments on the financial process and the matters
above. Please monitor Prosafe SE’s website for any announcements or update on
the 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)

28 September 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

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

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, the latest in a press release dated 28
September 2021 in relation to the outcome of Scheme Meetings.
…

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Please take notice that Prosafe SE and Prosafe Rigs Pte Ltd (“PRPL”) have today
filed separate applications (in HC/ OS 997/ 2021 and HC/ OS 998/ 2021) for the
Singapore Court to approve the Schemes agreed at the Scheme Meetings of the
Scheme Creditors held on 28 September 2021, pursuant to section 210 of the
Singapore Companies Act (the “Sanction Applications”).

Creditors who wish to receive a copy of the papers filed in the Sanction
Applications should contact Prosafe SE’s and PRPL’s Singapore solicitors at
Prosafe.Queries@CliffordChance.com (mailto:Prosafe.Queries@CliffordChance.com)

Prosafe SE and PRPL will make the appropriate announcements as and when there
are any further material developments on the financial process and the matters
above. Please monitor Prosafe SE’s website for any announcements or update on
the 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
(https://www.globenewswire.com/Tracker?data=wg3IaNRJCw1MmETnYKD4MlwNM0DrVMSiHHV4
e-m9qDsUgKiAuF72BJpMzMRwO1dZxtUex8j4734ZRcOa_7mPQw==)

Stavanger, 5 October 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

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

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, the latest in a press release dated 5
October 2021 in relation to the applications made by Prosafe SE and Prosafe Rigs
…

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Pte Ltd (“PRPL”) for the Singapore Court to approve the Schemes agreed at the
Scheme Meetings of the Scheme Creditors, in HC/OS 997/2021 and HC/OS 998/2021
(the “Sanction Applications”).

The Singapore Court has today provided the following directions in relation to
the Sanction Applications:

• By no later than 12pm (Singapore time) on Monday, 11 October 2021: Any person
  (including any creditor) who objects to either or both of the Sanction
  Applications shall file and serve an affidavit.

• By no later than 12pm (Singapore time) on Wednesday, 13 October 2021: Prosafe
  SE and PRPL shall file and serve their reply affidavit(s), if any.

• By no later than 12pm (Singapore time) on Friday, 15 October 2021: Any person
  (including Prosafe SE, PRPL and/or any creditor) shall file and serve their
  written submissions and bundles of authorities, if any. A hard copy of the same
  shall also be tendered to Court by the same deadline.

• By no later than 4pm (Singapore time) on Friday, 15 October 2021: The
  following are to be tendered to the Singapore Court: (a) an attendance list of
  all who wish to attend the hearing; and (b) a time bank setting out the
  allocation of time for oral submissions by each who wishes to address the
  Singapore Court at the hearing, taking into account that the entire hearing will
  take no more than 1.5 hours altogether.

• 3.30pm (Singapore time) on Monday, 18 October 2021: Sanction Applications to
  be heard before the Honourable Justice Pang Khang Chau.

Creditors who wish to attend the hearing for the Sanction Applications are
requested to inform the solicitors of Prosafe SE and PRPL of their intention to
do so, by emailing Prosafe.Queries@CliffordChance.com
(mailto:Prosafe.Queries@CliffordChance.com) with their details before 4pm
(Singapore) time on Thursday, 14 October 2021, indicating (a) whether they
support or oppose the Sanction Applications and (b) the time they will require
for oral submissions.

Prosafe SE and PRPL will make the appropriate announcements as and when there
are any further material developments on the financial process and the matters
above. Please monitor Prosafe SE’s website for any announcements or update on
the 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
(https://www.globenewswire.com/Tracker?data=wg3IaNRJCw1MmETnYKD4MlwNM0DrVMSiHHV4
e-m9qDsUgKiAuF72BJpMzMRwO1dZxtUex8j4734ZRcOa_7mPQw==)

Stavanger, 6 October 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

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

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, the latest in a press release dated 6
October 2021 in relation to timelines given by the Singapore Court in relation
…

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to the Sanction Applications filed by Prosafe SE and Prosafe Rigs Pte Ltd
(“PRPL”) in HC/OS 997/2021 and HC/OS 998/2021.

Please take notice that Prosafe SE and PRPL have today filed separate
applications for the Singapore Court for leave to amend the originating summons
filed in the original Sanction Applications to include an additional prayer for
the insertion of a new clause 8.4 in the Schemes (the “Amendment Applications”).
The new clause 8.4 in the Schemes clarifies that Prosafe SE, in cooperation with
the scheme manager and Norwegian reconstructor, may have an additional avenue to
distribute the new shares under the Scheme to the relevant Scheme creditors
without such creditors having to otherwise complete a subscription agreement or
provide a set-off confirmation, as would typically be required under Norwegian
law. Prosafe SE and PRPL are advised that this clarification is mechanical and
necessary for the implementation of the Schemes and the parallel Norwegian
Reconstruction Proceeding.

Creditors who wish to receive a copy of the papers filed in the Amendment
Applications should contact Prosafe SE’s and PRPL’s Singapore solicitors at
Prosafe.Queries@CliffordChance.com (mailto:Prosafe.Queries@CliffordChance.com)

Prosafe SE and PRPL will make the appropriate announcements as and when there
are any further material developments on the financial process and the matters
above. Please monitor Prosafe SE’s website for any announcements or update on
the 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 https://www.prosafe.com

Stavanger, 13 October 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

Prosafe SE and subsidiary company Prosafe Rigs Pte. Ltd. - Update on Westcon settlement

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, the latest in a press release dated 13
October 2021.
…

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Prosafe SE is pleased to announce that Westcon Yards AS has today confirmed
their formal support of the Schemes with modification approved by the Scheme
Meetings of Prosafe SE and Prosafe Rigs Pte. Ltd. on 28 September 2021.

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

Stavanger, 14 October 2021
Prosafe SE

For further information, please contact:

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

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 478 07 813

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

Kilde

[TekBot]

Prosafe SE: Operational and financial update Q3 2021

Operational
The fleet utilisation rate in the third quarter of 2021 was 70.9 per cent (Q3
2020: 16.4 per cent). This is the highest fleet utilization rate since Q2 2019.
…

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Safe Zephyrus completed the contract for Shell at the Shearwater platform in the
UK on 7 August 2021. On 17 September 2021, BP awarded the Safe Zephyrus a 10-
month contract with up to four months of options to support the Seagull project
at ETAP in the UK North Sea. The vessel is currently in the yard in Norway
preparing for the start-up of this contract in Q1 2022.

Safe Caledonia has been operating for TotalEnergies at the Elgin platform in the
UK since 30 March 2021 and was fully utilised in the quarter. The client has
exercised the two available options and also confirmed an additional 24-day
option, resulting in operations through 31 October 2021.

Safe Boreas has been operating for CNOOC at Buzzard in the UK since 20 April
2021 and was fully utilised in the quarter. The duration of the contract
including options amounted to a total of 178 days and was successfully completed
on 15 October 2021. Thereafter, the Safe Boreas was taken to the yard to prepare
for the ConocoPhillips’ contract at Ekofisk starting in Q2 2022.

Safe Eurus has been providing safety and maintenance support to Petrobras during
a three-year contract since November 2019. In this quarter, the Safe Eurus was
off hire from 30 August 2021 due to a technical issue and resumed operation
again on 15 September 2021.

Safe Notos has been operating for Petrobras in Brazil throughout the quarter.
The vessel will be on contract at least until 19 November 2021.

Safe Concordia commenced a 117-day contract in Trinidad and Tobago on 25 July
2021 and has been in full operation since then. The available 28 days of option
have been exercised by the client together with an additional 7 days taking the
current firm period until 23 December 2021. The client has been afforded a
further six consecutive options of 7 days each.

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

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

Financial
Please refer to a number of separate press releases, the latest dated 14 October
2021, regarding a long-term financial solution for the company. The
implementation in Singapore and Norway is on track with support from all
lenders, and the solution is anticipated to be effective before or around year
end 2021.

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

Stavanger, 18 October 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

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

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, the latest in: (a) a press release dated 13
October 2021 in relation to Prosafe SE’s and Prosafe Rigs Pte Ltd’s (“PRPL”)
…

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applications for the Singapore Court to approve the Schemes agreed at the Scheme
Meetings of the Scheme Creditors, in HC/OS 997/2021 and HC/OS 998/2021 (the
“Sanction Applications”); and (b) a press release dated 14 October 2021 in
relation to Westcon Yards AS’ confirmation of their formal support of the
Schemes.

At the hearing of the Sanction Applications on 18 October 2021, the Singapore
Court sanctioned the Schemes and permitted the insertion of a new clause 8.4 in
the Schemes (as mentioned in the press release dated 13 October 2021).

Prosafe SE and PRPL will proceed to lodge copies of the orders made by the
Singapore Court with the Accounting and Corporate Regulatory Authority of
Singapore.

Prosafe SE wishes to thank all parties involved for their support of the Schemes
and the Group during the restructuring process to date.

The next important milestone involves the restructuring being approved as part
of the Norwegian restructuring proceedings.

Prosafe SE and PRPL will make the appropriate announcements as and when there
are any further material developments on the completion of the overall
restructuring process. Please monitor Prosafe SE’s website for any announcements
or update.

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

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

Stavanger, 18 October 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

Prosafe SE: Publication of Q3 2021 results and audio webcast on 4 November 2021

Prosafe SE will release its third quarter 2021 results on 4 November 2021 at
approx. 07:00 a.m. CET. The Q3 2021 report and the Q3 2021 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 Stig H. Christiansen, Deputy CEO & CFO will the
same day at 10:00 a.m. CET host an audio webcast. The audio webcast can be
followed at www.prosafe.com (http://www.prosafe.com)

It will be possible to submit questions during the presentation by using the Q&A
tool embedded in the audio webcast. These questions will be answered after the
presentation. A replay of the audio webcast 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, 20 October 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

Prosafe SE: Prosafe awarded 2022 contract by TotalEnergies

Prosafe has been awarded a contract from TotalEnergies E&P UK Limited
(‘TotalEnergies’) for the Safe Caledonia to provide accommodation support at the
Elgin complex in the UK sector of the North Sea. The firm duration of the
…

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contract commencing mid-March 2022 is 270 days with one 30-day option.

Jesper Kragh Andresen, CEO of Prosafe says: “After the Safe Caledonia safely and
efficiently operated for TotalEnergies at Elgin in 2017 and 2021, Prosafe is
extremely pleased to be awarded this contract for operations in 2022. We take
this as a reflection of the high performance and flexibility that the Safe
Caledonia offers.”

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

Stavanger, 20 October 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

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

Reference is made to the earlier information provided about the ongoing
financial process with the lenders, including: (a) the press release dated 18
October 2021 in relation to the Singapore Court’s approval of the Prosafe SE and
…

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Prosafe Rigs Pte. Ltd. (“PRPL”) Schemes on 18 October 2021 (the “Sanction
Orders”); and (b) the press release dated 13 September 2021 in relation to the
Singapore Court’s granting of Prosafe SE and PRPL’s applications to extend the
original moratorium orders up to 31 January 2022 by way of the Singapore Court’s
orders dated 13 September 2021 (the “Moratorium Extension Orders”).

Prosafe SE and PRPL wish to announce that by way of its orders dated 11 and 12
October 2021, the Corporate Court of Rio de Janeiro has recognized the
Moratorium Extension Orders in Brazil.

In the proceedings involving Prosafe SE, the Brazilian Court confirmed the
existing moratorium order and accepted Prosafe SE’s request to extend the
moratorium period until 31 January 2022 - in accordance with the Moratorium
Extension Orders made by the Singapore Court on 13 September 2021.

In the proceedings involving PRPL, the Brazilian Court granted PRPL’s motion for
clarification and recognized the original moratorium order (in respect of PRPL)
in Brazil. The Brazilian Court further granted PRPL’s request to extend the
moratorium period until 31 January 2022 - also in accordance with the Moratorium
Extension Orders made by the Singapore Court on 13 September 2021.

Prosafe SE and PRPL further wish to announce that on 21 October 2021, the
Sanction Orders were lodged with the Accounting and Corporate Regulatory
Authority of Singapore, meaning that the Scheme Effective Date was achieved on
21 October 2021.

These are important milestones which will provide further certainty in the
overall restructuring process.

Prosafe SE and PRPL will make the appropriate announcements as and when there
are any further material developments on the completion of the overall
restructuring process. Please monitor Prosafe SE’s website for any announcements
or update.

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 October 2021
Prosafe SE

For further information, please contact:

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

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

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

Kilde

[TekBot]

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

Currently the following companies are placed in Recovery Box:

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

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

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

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

Currently the following companies are placed in Penalty Bench:

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

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

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

Kilde

[TekBot]

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

Currently the following companies are placed in Recovery Box:

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

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

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

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

Currently the following companies are placed in Penalty Bench:

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

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

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

Kilde