Options exercised by BP Norge

BP Norge AS has exercised two three-month options for the continued use of the
MSV Regalia and thereafter Safe Scandinavia at the Valhall offshore facility in
the Norwegian sector of the North Sea.

The first three months commencing in July 2011 using the MSV Regalia will be in
direct continuation of the existing firm period. The Safe Scandinavia will
complete the remaining three months commencing October 2011, consecutively after
the MSV Regalia. The value of the exercised options is around USD 44.9 million.

In addition, Prosafe has granted an additional two-month option commencing
January 2012 if exercised.

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, 17 January 2011
Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 81 / +47 908 81 657

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673

Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1480150]