Prosafe SE: Contract extension for Safe Hibernia

Cotemar group has confirmed that Safe Hibernia has been awarded a contract
extension through to 23 December 2014 with unchanged day rate. The contract
value of the extension is USD 7.9 million.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service vessels. Operating profit reached USD 245.1 million in
2013 and net profit was USD 199.1 million. The company operates globally,
employs about 650 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, 31 July 2014
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 90 94 36 73


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


[HUG#1844530]