Prosafe SE : Lundin Norway exercises Safe Boreas option

Lundin Norway AS ('Lundin') has exercised a one month option for the provision of the Safe Boreas semi-submersible accommodation vessel at the Edvard Grieg Project in the Norwegian sector of the North Sea.

The one month option extends on site operations through mid-December 2015 and has a total value of approximately USD 10 million. In addition, Lundin has a further one month option.

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 248.3 million in 2014 and net profit was USD 178.8 million. The company operates globally, employs 800 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com

Larnaca, 18 August 2015
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig H. Christiansen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 17

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20

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