Prosafe SE : Shell charters Regalia in 2016

Prosafe has signed a contract with Shell U.K. Limited (Shell) for the provision of the Regalia semi-submersible accommodation vessel at the Brent C platform in the UK sector of the North Sea.

The short duration contract commencing Q2 2016 will provide Dynamically Positioned (DP) gangway connection for the duration of the project. This contract award follows the Regalia recently completing a successful assignment for Shell at the Shearwater platform.

Total value of the contract is approximately USD 24 million.

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, 27 August 2015
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig H. Christiansen, Chief Financial Officer

Prosafe Management AS
Phone: +47 51 64 25 17

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.