Prosafe SE (OSL:PRS) Mexico Contract For Safe Bristolia

Prosafe SE (OSL:PRS) Prosafe has been awarded a Letter of Intent by Interpetroleum Services Limited for a bareboat contract of the semi-submersible accommodation rig Safe Bristolia at the Cantarell field for Pemex in Mexico.

The firm duration of the bareboat contract commencing mid-February 2009 is 365 days, and the total value is about USD 29.3 million. Mobilisation and demobilisation costs to and from the North Sea are for charterer's account.

Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 222.2 million in 2007. The company operates globally, employs approx. 430 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.

Larnaca, 12 January 2009 Prosafe SE

For further information please contact:

Arne Austreid, President and CEO Phone no: +357 2462 241746 / +357 992 75 030

Robin Laird, President Offshore Support Services Phone no: +65 6559 1980 / +65 8127 2101

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

Prosafe SE

http://www.prosafe.com

ISIN: CY0100470919

Stock Identifier: XOSL.PRS

US: PSFSF.PK