Reference is made to the notification sent on 4 January 2013 regarding a new contemplated bond issue in Prosafe SE. Prosafe SE has successfully completed a NOK 500 million unsecured bond issue with maturity in January 2020.

The bond carries an interest of 3-month NIBOR plus 3.75%. Settlement date is expected to be 17 January 2013. The bond issue was substantially oversubscribed.

An application will be made for the bonds to be listed on the Oslo Stock Exchange. The proceeds will be used for refinancing of PRS06 PRO and for general corporate purposes.

DNB Markets, SEB and Swedbank First Securities acted as Joint Lead Managers for the issuance.

Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 192.3 million in 2011. The company operates globally, employs 550 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:
http://www.prosafe.com.

Larnaca, 4 January 2013
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 65 25 30/ +47 909 43 673

Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20/ +47 99 10 94 67

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



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Source: Prosafe SE via Thomson Reuters ONE

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