Dividend approved

The board of directors resolved on 12 May 2010 to declare an interim dividend
equivalent to USD 0.095 per share to shareholders of record as of 25 May 2010.

The shares will trade ex-dividend on 20 May 2010. The dividend will be paid in
the form of NOK 0.58 per share on 3 June 2010.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 218.6 million in 2009.
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, 12 May 2010
Prosafe SE


For further information, please contact:

Arne Austreid, President and CEO
Phone: +357 2462 1746 / +357 992 75 030

Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning
Phone: +47 908 81 657


[HUG#1415232]