Prosafe SE: Notice of extraordinary general meeting

Prosafe SE ("Prosafe" or the "Company") calls for an extraordinary general meeting to be held on 30 November 2016 at 08:00 am CET / 09:00 am Cyprus time at the Company's registered office at 126 Stadiou Street, 2nd floor, 6020 Larnaca, Cyprus.

The purpose of the extraordinary general meeting is to consider (i) a proposed reversed split of the Company's shares (and related resolutions) and (ii) appointment of chairman and an additional director to the Prosafe board.

For further detailed information, please see the attached notice. The notice will be distributed to shareholders in accordance with the Company's articles.

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. The company operates globally 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, 8 November 2016
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 Limited
Phone: +65 65 59 19 90 / +65 81 27 21 01

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