Dividend approved

The Board of Directors resolved on 25 August 2010 to declare an interim dividend
equivalent to USD 0.095 per share to shareholders of record as of 6 September
2010.

The shares will trade ex-dividend on 2 September 2010. The dividend will be paid
in the form of NOK 0.59 per share on 16 September 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, 26 August 2010
Prosafe SE


For further information, please contact:

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

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


[HUG#1440423]