Prosafe SE: Safe Boreas contract further extended

Repsol Sinopec Resources UK Limited (formerly Talisman Sinopec Energy UK Limited) has exercised options to further extend the charter of the Safe Boreas by a total of 21 days.

The firm operational period of the Safe Boreas at Montrose A in the UK sector of the North Sea has been extended through 27 January 2017 with Prosafe continuing with the reduced option periods' day rate consistent with market conditions.

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

Larnaca, 3 January 2017
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO
Prosafe Management AS
Phone: +47 51 64 25 17 / +47 478 07 813

Robin Laird, Acting CFO
Prosafe Offshore Services Pte. Ltd.
Phone: +65 81 27 21 01

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467


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