Prosafe SE: Delivery of the Safe Zephyrus

Prosafe and Jurong Shipyard Pte Ltd. in Singapore have agreed to a flexible delivery of the Safe Zephyrus to align with Prosafe's contract portfolio.

If Prosafe defer delivery until after end 2015, Prosafe's capital expenditure guiding for 2015 will be reduced by an amount equivalent to the final instalment of the Safe Zephyrus capital expenditure.   

The Safe Zephyrus is complete and on budget.

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, 26 November 2015
Georgina Georgiou, General Manager
Prosafe SE


For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 00

Stig Harry 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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.