In connection with the general meeting, the Company`s Chairman, Harald Espedal, has given notice that for work load reasons he wishes to step down from his position as Chairman and Director of the Board of Prosafe SE.

The Board has accepted the resignation and has appointed Glen O. Rødland as the new interim Chairman of the Board.

Prosafe is the world`s leading owner and operator of semi-submersible accommodation vessels. The company operates globally, employs 850 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, 26 May 2016
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO and CFO
Prosafe Management AS
Phone: +47 51 64 25 17 / +47 478 07 813

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

Glen Rødland, Interim Chairman of the Board
Phone: +47 907 41 662

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

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Prosafe SE via GlobeNewswire
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