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Re: genlou post# 5

Monday, 10/17/2016 9:32:16 AM

Monday, October 17, 2016 9:32:16 AM

Post# of 11
Following publication of the listing prospectus as announced today, the Class A Shares issued as part of the Refinancing, have now been converted to ordinary shares. As part of this, the shares will be transferred to the same ISIN as the ordinary shares in VPS.

As a result, the former Class A shares will together with all other shares of the Company be listed and tradable on Oslo Børs as of and from Monday 17 October 2016. From the same time, the Class A Shares will be deregistered from the N-OTC list.

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. The Company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.

Larnaca, 14 October 2016
Georgina Georgiou, General Manager
Prosafe SE