Disclosure

Reference is made to today's stock exchange notice
(the "Notice") from Prosafe SE regarding its
completion of a NOK 590 million private placement.

North Sea Strategic Investments AS ("NSSI") has
subscribed for and been allocated 16,414,500 new
shares in Prosafe SE in the private placement. As a
result, NSSI's aggregate shareholding in Prosafe SE
upon registration of the private placement will be
42,490,997 shares, which implies that NSSI will have
an ownership of 16.543% in Prosafe SE after
registration of the private placement.

This information is subject to the disclosure
requirements set out in section 4-3 of the Norwegian
Securities Trading Act.