Prosafe SE: Seller's credit agreed with Jurong Shipyard Pte Ltd. for Safe Zephyrus

In connection with delivery of the Safe Zephyrus, currently scheduled for the end of January 2016, the final delivery instalment of the Safe Zephyrus will be reduced by USD 30 million.

This represents a seller's credit from Jurong Shipyard Pte Ltd., to be repaid in a single payment on or before 15 June 2017.

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 248.3 million in 2014 and net profit was USD 178.8 million. The company operates globally, employs 800 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com

Larnaca, 18 January 2016
Georgina Georgiou, General Manager
Prosafe SE


For further information, please contact:

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