New contemplated bond issue

Prosafe SE is contemplating to issue a new bond loan in the Norwegian bond market with maturity in February 2017. The purpose of the loan is refinancing of existing debt and for general corporate purposes.

Arctic Securities ASA, Nordea Markets and Pareto Securities AS have been appointed as arrangers of the new contemplated 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