Prosafe SE: Aker BP extends Safe Zephyrus contract

Aker BP ASA (formerly Det norske oljeselskap ASA) has extended the charter  of
the Safe Zephyrus semi-submersible accommodation vessel at the Ivar Aasen
Project in the Norwegian sector of the North Sea.

The 10 day option extends on site operations through January 2017 and has a
total value of approximately USD 1.7 million.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo
Stock Exchange with ticker code PRS. For more information, please refer to
www.prosafe.com

Larnaca, 16 December 2016
Georgina Georgiou, General Manager
Prosafe SE


For further information, please contact:

Stig Harry Christiansen, Acting CEO
Prosafe Management AS
Phone: +47 51 64 25 17

Robin Laird, Acting CFO
Prosafe Offshore Services Pte Ltd.
Phone: +65 81 27 21 01

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20

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