Prosafe SE : Safe Caledonia contract extended by one month at Clair Ridge

BP Exploration Operating Company Limited ('BP') has exercised the one-month
option to extend the charter of the Safe Caledonia. Total value of the option is
USD 2.4 million.

The Safe Caledonia commenced a five-month firm operational period end May 2018
at Clair Ridge in the UK sector of the North Sea. The firm operational period
will now continue through to end November 2018.

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

Stavanger, 6 August 2018
Prosafe SE


For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 478 07 813

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