Prosafe Production Public Limited (OSL:PROD) PROD - Financial Calendar For 2009

Prosafe Production Public Limited (OSL:PROD) The following events are scheduled for 2009:

11 February 2009: Results 4th quarter 2008 13 May 2009: Annual General Meeting 14 May 2009: Results 1st quarter 2009 26 August 2009: Results 2nd quarter 2009 4 November 2009: Results 3rd quarter 2009

The results for 4th quarter 2009 will be published on 17 February 2010.

The quarterly reports will be released before opening of the Oslo Stock Exchange on the respective dates. Presentations/web casts will be held in Oslo at CET 2:00 pm at the same dates.

All dates and times are tentative and may be subject to changes.

Prosafe Production is a major owner and operator of floating production and storage vessels. Operating profit before depreciation reached USD 106.8 million at end of nine the nine first months of 2008. The company operates globally and employs approx. 1,200 people, and is headquartered in Limassol, Cyprus. Prosafe Production Public Limited is listed on the Oslo Stock Exchange with ticker code PROD.

For more information, please refer to www.prosafeproduction.com

Limassol, 10 December 2009

For further information please contact:

Bjørn Henriksen, President and CEO Phone: +65 6302 0311

Sven Børre Larsen, Executive VP and CFO Phone: +65 6302 0321

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Prosafe Production Public Limited

http://www.prosafeproduction.com

ISIN: CY0100610910

Stock Identifier: XOSL.PROD