Prosafe SE: Repsol Sinopec extends Safe Boreas charter for a further month

Repsol Sinopec Resources UK Limited (formerly Talisman Sinopec Energy UK
Limited) has exercised a further month of options.

The firm operational period of the Safe Boreas at Montrose A in the UK sector of
the North Sea is now through 27 March 2017 with Prosafe continuing with the
reduced option periods' day rate consistent with market conditions. Repsol
Sinopec has the ability to extend the Safe Boreas further through weekly
options.

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, 14 February 2017
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 / +47 478 07 813

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.