Prosafe SE: Part conversion of convertible bonds, new shares issued

World News: . []

Reference is made to the convertible bonds issued by Prosafe SE ("Prosafe" or the "Company") on 15 September 2016, with ISIN NO 001077102.5 ("Convertible Bonds").

Notice for part conversion has been received on the basis of which Convertible Bonds of nominal value NOK 2,000,000 have today been converted into 80,000 new ordinary shares in the Company, based on the conversion price of NOK 25 per share.

Following the conversion, the remaining outstanding principal of the Convertible Bonds is reduced to NOK 50,706,341. The number of outstanding shares in the Company has increased to 81,864,212 shares, each of nominal value EUR 0.1. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The Company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to

Stavanger, 15 May 2019Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Deputy CEO and CFO Phone: +47 51 64 25 17 / +47 478 07 813

Cecilie Helland Ouff, Senior Manager - Corporate Finance and TreasuryPhone: +47 51 64 25 20 / +47 991 09 467

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

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Globe Newswire: 12:46 GMT Wednesday 15th May 2019

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