PROD: Q2 2008 Results To Be Presented On 27 August 2008

Prosafe Production Public Limited Prosafe Production Public Limited informs that the results for the second quarter of 2008 will be published on 27 August 2008 at approx. 8:00 a.m. CET. Bjørn Henriksen, President & CEO and Sven Børre Larsen, Exec. VP & CFO will the same day at 02:00 p.m. CET give a presentation of the result at Shippingklubben, Haakon VII's gt 1 in Oslo.

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

Cyprus, 7 August 2008 Prosafe Production Public Limited

For further information, please contact: Bjørn Henriksen, President & CEO Phone: +65 6302 0311 (DID)/+65 9751 8460 (mob)

Sven Børre Larsen, Exec. VP & CFO Phone: +65 6302 0321 (DID)/+65 9657 2590 (mob)

Prosafe Production Public Limited

http://www.prosafeproduction.com

ISIN: CY0100610910
Stock Identifier: XOSL.PROD