The exercised six months will commence immediately after the existing firm period expires on the 29th June 2008.
Total value of the exercised option period is about EUR 8.2 million.
Prosafe is the world's leading owner and operator of semi-submersible service rigs. Operating profit reached USD 222.2 million in 2007. The company operates globally, employs approx. 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, 2 June 2008
Prosafe SE
For further information please contact:
Arne Austreid, President and CEO
Phone: +357 246 21 746/ +357 992 75 030
Karl Ronny Klungvedt, Exec. Vice President and CFO
Phone: +357 2462 1982 / +357 996 88 169
Robin Laird, President Offshore Support Services
Phone no: +65 6559 1980 / +65 8127 2101