PROSAFE SE 
By Reference is made to the notification sent on 24 January 2012 regarding a new contemplated bond issue in Prosafe SE.
A NOK 500 million unsecured bond issue with expected maturity date on 8 February 2017 has now been successfully completed. Settlement date is expected to be 8 February 2012. The bond issue was substantially oversubscribed.
An application will be made for the bonds to be listed on the Oslo Stock Exchange as soon as practically possible. The proceeds will be used for refinancing of PRS06 PRO and for general corporate purposes.
In connection with the new bond issue, Prosafe SE has bought back NOK 121 million in PRS06 PRO with ISIN NO NO001054247.5 with maturity 14 October 2013 at 102.87.
Arctic Securities ASA, Nordea Markets and Pareto Securities AS acted as joint arrangers of the new bond issue.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 221.1 million in 2010. The company operates globally, employs 500 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, 24 January 2012
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Prosafe SE via Thomson Reuters ONE
