May 24, 2018 Prosafe SE: Part conversion of convertible bonds, new shares issuedReference is made to the convertible bonds issued by Prosafe SE ("Prosafe" or the "Company") on 15 September 2016, with ISIN NO 001077102.5 ("Convertible Bonds"). Notice for part conversion has been received on the basis of which Convertible Bonds of nominal value NOK 2,000,000 have today been converted into 80,000 new ordinary shares in the Company, based on the conversion price of NOK 25 per share. Following the conversion, the remaining outstanding principal of the Convertible Bonds is reduced to NOK 68,810,735. The number of outstanding shares in the Company has increased to 81,140,038 shares, each of nominal value EUR 0.1. 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, 24 May 2018 For further information, please contact: Stig Harry Christiansen, Deputy CEO and CFO Cecilie Helland Ouff, Senior Manager - Corporate Finance and Treasury This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. |