Q2 2008 Results And Webcast On 28 August 2008

Prosafe SE (PSFSF.PK) Prosafe SE informs that the results for the second quarter of 2008 will be published on 28 August 2008 at approx. 8:30 a.m. CET.

Arne Austreid, President & CEO and Karl Ronny Klungtvedt, Exec. VP & CFO will the same day at 02:00 p.m. CET give a presentation of the result at the Thon Hotel Vika Atrium, Munkedamsveien 45 in Oslo.

The presentation can be followed live via web streaming at http://www.prosafe.com. It will also be possible to ask questions via e-mail during the presentation. The connection to the web streaming can be tested from 25 August 2008. You will find a link to the web cast on the main page of Prosafe's web site.

Prosafe is the world's leading owner and operator of semi-submersible 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, 7 August 2008 Prosafe SE

For further information, please contact:

Arne Austreid, President and CEO Phone: +47 900 77 334

Karl Ronny Klungtvedt, Exec. VP and CFO Phone: +357 996 88 169

Prosafe SE
http://www.prosafe.com

ISIN: CY0100470919

Stock Identifier: XOSL.PRS

US: PSFSF.PK