Contract Extension for Safe Scandinavia

Prosafe and ConocoPhillips Petroleum Company U.K. Limited have agreed an extension to the firm period for the provision of the Safe Scandinavia accommodation support vessel at the Jasmine Hook Up and Commissioning Project in the British sector of the North Sea.

The duration of the firm extension period is 28 days commencing mid-October 2013.

Total value of the firm extension period is approximately USD 8.4 million.

Prosafe is the world’s leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was USD 177.5 million. The company operates globally, employs 570 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS.

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Prosafe, October 21, 2013