The dividend will be distributed in kind in the form of 90.1 per cent of the shares in Briviba Public Limited (under change of name to Prosafe Production Public Limited).
The shares in Prosafe SE will be quoted ex-dividend from 16 May 2008.
Prosafe is the world's leading owner and operator of semi-submersible service rigs and a major owner and operator of floating production and storage vessels. Operating profit reached USD 222.2 million in 2007. The company operates globally, employs approx. 1,400 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, 15 May 2008
Prosafe SE
For further information please contact:
Arne Austreid, President and CEO
Phone no: +357 992 75 030
Karl Ronny Klungtvedt, Exec. Vice President and CFO
Phone no: +357 996 88 169