Group 1 - Burlington Loan Management DAC currently owns 52,880,695 shares in the Company, representing 15% of the total 352,537,966 outstanding shares and votes, having crossed the 15% disclosure threshold [1] - Previously, on 21 July 2025, Burlington Loan Management DAC owned 60,107,018 shares, which was approximately 17.70% of the total 339,504,369 outstanding shares and votes [1] Group 2 - Prosafe is a leading owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange with the ticker code PRS [2] - For further inquiries, the CEO of Prosafe, Reese McNeel, can be contacted at +47 415 08 186 [2]

Core Viewpoint - Prosafe has appointed Reese McNeel as the permanent CEO, who will also continue to serve as CFO until a successor is found [1][2][3] Group 1: Leadership Appointment - Reese McNeel has over 20 years of leadership experience in the offshore energy industry and has held executive roles at Atlantica Tender Drilling Ltd. and Sevan Marine ASA [2] - McNeel has been serving as interim CEO since September 2025 and as CFO since August 2022, demonstrating strong leadership during this period [2] Group 2: Company Transformation - Chairman Carey Lowe expressed confidence in McNeel's leadership, noting his decisive actions and the initiation of a significant transformation within the company [3] - Under McNeel's leadership, Prosafe is focusing on enhancing cost efficiency, strengthening operational performance, and building a solid backlog to ensure long-term success and value creation for shareholders [3] Group 3: Company Profile - 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 [3]

Core Points - Prosafe SE will release its third quarter 2025 results on 13 November 2025 at 7:00 a.m. CET [1] - The quarterly earnings release and presentation will be available on www.newsweb.no and Prosafe's website [1] - Reese McNeel, Interim CEO and CFO, will host a webcast and Q&A on the same day at 10:00 a.m. CET [1] - Questions can be submitted via the Q&A tool during the webcast, and a replay will be available shortly after [2] - Prosafe is a leading owner and operator of semi-submersible accommodation vessels, listed on the Oslo Stock Exchange with ticker code PRS [2]

Group 1 - Prosafe's Interim CEO, Reese McNeel, will present at Pareto Securities' Energy Conference in Oslo [1] - The presentation is available on Prosafe's website [1] - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [1] Group 2 - Prosafe is listed on the Oslo Stock Exchange with the ticker code PRS [1] - For further inquiries, contact Reese McNeel, CFO and interim CEO [1] - The information is subject to the disclosure requirements of the Norwegian Securities Trading Act [1]

Core Insights - Fleet utilization for July 2025 was reported at 79% [1] - Safe Eurus, Safe Notos, and Safe Zephyrus achieved 99% commercial uptime in Brazil during July [1] - Safe Caledonia delivered 100% commercial uptime at the Captain Field in the UK [1] - Safe Boreas is currently in Singapore preparing for an upcoming contract in Australia [1] Company Overview - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [2] - The company is listed on the Oslo Stock Exchange under the ticker code PRS [2] - For further inquiries, contact CEO Terje Askvig or CFO Reese McNeel [2]

Financial Performance - Prosafe SE reported Q2 2025 EBITDA of USD 3.1 million, down from USD 6.6 million in the same period last year [1] - For the first half of 2025, EBITDA was USD 7.7 million compared to USD 13.8 million in H1 2024 [1] - Q2 revenues were USD 30.9 million, a decrease from USD 34.2 million year-over-year, while H1 revenues were USD 63.9 million, down from USD 68.2 million [6] - Cash flow from operations in Q2 was USD 12.2 million, down from USD 15.5 million, and for H1 it was USD 40.8 million, up from USD 14.1 million [6] - Capital expenditures (Capex) for Q2 were USD 14.5 million, significantly higher than USD 4.2 million in the previous year, and H1 Capex was USD 35.7 million compared to USD 5.9 million [6] Operations and Utilization - The company achieved a vessel utilization rate of 66%, with four out of five vessels operating during the quarter [6] - Notable vessels such as Safe Zephyrus, Safe Eurus, and Safe Notos operated at 99% utilization in Brazil [6] - Safe Notos has been awarded a four-year contract with Petrobras in Brazil, starting September 2026, at a significantly increased day rate [6] Recapitalization and Market Outlook - The recapitalization was completed on July 21, 2025, equitizing USD 193 million of debt for 90% of the company's shares, strengthening the balance sheet [5] - The transaction provides a sustainable capital structure and sufficient liquidity for future capital expenditures and working capital needs [5] - The expected EBITDA for 2025 is projected to be between USD 35 million and USD 40 million [6] - The company has a backlog of USD 518 million, up from USD 323 million, including options and letters of intent [6] - The market outlook is positive, with rising day rates and demand, particularly in Brazil and the North Sea [6]