NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL Reference is made to the stock exchange announcement made by Prosafe SE ("Prosafe" or the "Company") on 11 August 2025 regarding commencement of the exercise period (the "Exercise Period") fo ...

Core Points - Prosafe SE has commenced the exercise period for an offering of up to 17,868,651 warrants, which will end on 25 August 2025 at 16:30 (CEST) [1][2] - The subscription price for exercising the warrants is set at EUR 0.01, with a NOK-based exchange mechanism established for contributions [3] - The prospectus approved by the Norwegian Financial Supervisory Authority provides detailed information about the warrants offering, including exercise procedures [4] Company Information - Prosafe is a leading owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange under the ticker code PRS [6] - The company has appointed Advokatfirmaet Schjødt AS as its legal advisor and DNB Issuer Services as the receiving and settlement agent for the warrants offering [5]

Group 1 - Prosafe SE has received approval from the Financial Supervisory Authority of Norway for a supplement to its prospectus, which is related to the guidance for full year 2025 EBITDA following a completed recapitalization [2][3] - The company is offering up to 17,868,651 warrants as part of its Warrants Offering, which was initially announced on 18 July 2025 [1] - The Prospectus and the Prospectus Supplement are integral documents that should be read together, and they are available on the company's website [3] Group 2 - Prosafe is a leading owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange under the ticker code PRS [5] - DNB Issuer Services acts as both the Receiving Agent and Settlement Agent for the company in connection with the Warrants Offering [4] - The company emphasizes that the securities mentioned in the announcement have not been registered under the U.S. Securities Act and may not be offered or sold in the United States without proper registration or exemption [6][7]