Prosafe Production Public Limited (OSL:PROD) PROD - 2008 Preliminary Results To Be Released On February 11, 2009

Prosafe Production Public Limited (OSL:PROD) Prosafe Production Public Limited will release its preliminary results for Q4 2008 and the full operating year of 2008 on February 11, 2009, before CET 0900 hours. Bjørn Henriksen, President & CEO, and Sven Børre Larsen, Executive VP & CFO, will deliver a presentation of the 2008 results at the Hotel Continental, Stortingsgt. 24/26, Oslo, Norway at CET 1400 hours the same day. The presentation can also be followed 'live' via web streaming at http://www.prosafeproduction.com.

About Prosafe Production Prosafe Production is a leading owner and operator of Floating Production, Storage and Offloading vessels (FPSOs). Prosafe Production has 25 years of operational experience from the world's largest oil and gas provinces, and prides itself on its excellent operational uptime record of >99%, innovative in-house technology, high quality, cost effective and timely solutions, and a solid financial performance. The company operates globally and employs approximately 1,200 employees from more than 40 countries. Headquartered in Limassol, Cyprus, Prosafe Production is listed on the Oslo Stock Exchange with ticker code PROD.
Limassol, 23 January 2009 Prosafe Production Public Limited

For further information please contact:

Bjørn Henriksen, President and CEO Phone: +65 9751 8460

Sven Børre Larsen, Executive VP and CFO Phone: +65 9657 2590

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