Core Points - The Company is proposing a recapitalisation plan that includes issuing Warrants to existing shareholders, contingent upon the approval of the extraordinary general meeting (EGM) [1][3] - Today, 16 May 2025, marks the last trading day for the Company's shares with the right to subscribe for Warrants, assuming EGM approval [2] - The offering of Warrants is conditional on the successful completion of the recapitalisation and requires the preparation and publication of a prospectus [3] Summary by Sections Recapitalisation Proposal - The Company announced a recapitalisation plan on 24 April 2025, which includes issuing Warrants to shareholders as of the EGM date [1] - The recapitalisation is aimed at strengthening the Company's financial position [1] Trading Information - The last day for trading shares with the right to subscribe for Warrants is 16 May 2025, with an ex. date announcement to follow for trading starting on 19 May 2025 [2] Warrant Offering Conditions - The offering of Warrants is subject to the completion of the recapitalisation and the publication of a prospectus [3] - Warrants will not be offered in jurisdictions where such an offering is unlawful or requires additional regulatory actions [3]

Core Viewpoint - Prosafe SE is preparing for its Annual General Meeting scheduled for 21 May 2025, with relevant documents now available on its website [1] Company Information - Prosafe SE is a leading owner and operator of semi-submersible accommodation vessels [1] - The Company is listed on the Oslo Stock Exchange under the ticker code PRS [1] Contact Information - For further inquiries, the CEO Terje Askvig and CFO Reese McNeel can be contacted via provided phone numbers [2]

Group 1 - Prosafe SE will release its first quarter 2025 results on 21 May 2025, with the presentation available on their website and newsweb.no [1] - The results will be presented by CEO Terje Askvig and CFO Reese McNeel at Pareto Securities in Oslo, starting at 10:00 CEST [1] - The presentation will be open to the public and live-streamed on Prosafe's website, allowing for audience questions via a Q&A tool [2] Group 2 - Prosafe is a leading owner and operator of semi-submersible accommodation vessels, listed on the Oslo Stock Exchange under the ticker code PRS [2] - Further information can be obtained by contacting CEO Terje Askvig or CFO Reese McNeel directly [3]

Company Information - Prosafe SE is a leading owner and operator of semi-submersible accommodation vessels [1] - The company is listed on the Oslo Stock Exchange with the ticker code PRS [1] Annual General Meeting (AGM) Details - The Annual General Meeting of Prosafe SE will be held on 21 May 2025 at 08.30 a.m. CEST [1] - The meeting will be arranged virtually through Lumi, and all relevant documents will be available online [1] - Attendance and proxy forms are attached to the notice of the meeting [1] Contact Information - For further inquiries, the CEO Terje Askvig and CFO Reese McNeel can be contacted via their provided phone numbers [2]

Prosafe SE (the "Company") refers to the notice of an extraordinary general meeting published on 25 April 2025 in connection with the proposed recapitalisation of the Company announced on 24 April 2025, including the proposal to issue warrants ("Warrants" and the "Warrant Issue") in accordance with the Norwegian Public Limited Liability Companies Act Section 11-12 to existing shareholders as of the date of the extraordinary general meeting, conditional upon completion of the recapitalisation. Please see bel ...

Core Viewpoint - Prosafe SE has reached an agreement for a recapitalization transaction with lenders, involving equitization of existing loan facilities and support from shareholders, aimed at restructuring the company's capital and improving liquidity [1][2][3]. Group 1: Transaction Details - The transaction will equitize USD 193 million of existing loan facilities in exchange for 90% of the shares in Prosafe post-transaction, with existing shareholders initially retaining 5% and having the option for an additional 5% through penny warrants [2][3]. - Post-transaction, the total gross debt is projected to be approximately USD 306 million, with total net debt around USD 220 million and unrestricted liquidity of about USD 80 million after transaction costs [3]. - The transaction includes a new super senior secured facility of USD 150 million and a reinstated senior secured facility of USD 75 million, both maturing on December 31, 2029 [7]. Group 2: Approval and Timeline - Completion of the transaction is contingent upon customary documentation, final lender approvals, and formal shareholder approvals, including an extraordinary general meeting [4][6]. - The company aims to finalize the transaction by Q3 2025 and will provide updates as developments occur [6]. Group 3: Management Commentary - The CEO of Prosafe expressed satisfaction with the support from lenders and shareholders, emphasizing that this agreement is a crucial step in refinancing and will help maintain Prosafe's position as a leading provider of floating accommodation vessels [7].

25 March 2025 - Prosafe SE, through a wholly owned subsidiary, has entered into an agreement to sell for recycling its 1984 built, anchor moored semi-submersible tender support and accommodation vessel ‘Safe Scandinavia’. The Safe Scandinavia is presently located in Norway and has been in cold layup for over 6 years. A condition of the recycling is full compliance with all relevant conventions and regulations, with the vessel expected to be delivered within Q2 2025. This information is considered to be insi ...

Fleet Utilization - Fleet utilization for February 2025 was reported at 57 percent [1] - Safe Notos, Safe Zephyrus, and Safe Concordia achieved full capacity utilization at 100 percent [1] - Safe Eurus recorded a utilization rate of 98 percent [1] Vessel Operations and Reactivation - Safe Caledonia has begun reactivation activities in Scapa Flow, UK, and is scheduled to mobilize to the Captain Field, UK, by June 2025 [1] - Safe Boreas is preparing for relocation in Q2 2025 for a contract in Australia, expected to commence between mid-November 2025 and mid-February 2026 [2] - Safe Concordia has been sold and was transferred to the new owner on March 13, 2025 [2] - Safe Scandinavia remains laid up in Norway [2] Company Overview - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [3] - The company is listed on the Oslo Stock Exchange under the ticker code PRS [3]