21 July 2025 - Reference is made to the stock exchange announcement made by
Prosafe SE (the "Company") on 24 April 2025 regarding the recapitalization of
the Company, where it was announced, amongst other things, that part of the
Company's debt, including to the institution listed below, will be converted
into equity in the Company (the "Debt Conversion"). Further reference is made to
the stock exchange made by the Company today, 21 July 2025, regarding completion
of the Debt Conversion.
Following the Debt Conversion, Burlington Loan Management DAC will own in total
60,107,018 shares in the Company, representing approximately 17.70 % of the
total 339,504,369 outstanding shares and votes in the Company, thereby crossing
the 15 % disclosure threshold in the Norwegian Securities Trading Act Section
4?2.
This information is subject to the disclosure requirement in the Norwegian
Securities Trading Act section 4?2.