Prosafe SE: Safe Boreas contract extension

CNOOC Petroleum Europe Limited has exercised two of the three 30-day options
available to them, to extend the Safe Boreas at the Buzzard platform complex in
the UK sector of the North Sea until end-September 2021.

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 (http://www.prosafe.com)

9 July 2021
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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