Prosafe SE

Prosafe SE (OSL:PRS) Prosafe has agreed a contract extension of three months to the existing contract of Safe Caledonia with Total E & P UK Limited and Elf Exploration UK Limited starting mid-June 2010.

Prosafe SE (OSL:PRS) Prosafe has been awarded a contract by Mærsk Olie og Gas AS for the provision of the Safe Esbjerg accommodation jack-up in the Danish sector of the North Sea. The firm duration of the contract commencing June 2009 is two years with a one-year option.

Prosafe SE (OSL:PRS) Prosafe has been awarded a Letter of Intent for the extension of operations of the Safe Scandinavia at StatoilHydro's Sleipner facility in the Norwegian continental shelf. The duration of the extension is 26 days and has a value of approximately USD 9.1 million.

Prosafe SE (OSL:PRS) Prosafe SE informs that the results for the third quarter of 2008 will be published on 6 November 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 Hotel Continental, Stortingsgt. 24/26 in Oslo.

Prosafe SE (OSL:PRS) Rig utilisation in the third quarter of 2008 was 93 per cent, compared to 87 per cent and 99 per cent for the first and the second quarter of 2008, respectively.

Prosafe SE (OSL:PRS) Robin Laird, President of Offshore Support Services, has today bought 10,000 shares in Prosafe SE at a price of NOK 24.85.

Prosafe SE (OSL:PRS) Ronny Johan Langeland, board member of Prosafe SE, has today through his wholly owned company, Nøvtun AS, bought 5,000 shares in Prosafe SE at a price of NOK 26.802.

Prosafe SE (OSL:PRS) Pilehagen Invest AS, a company wholly owned by Arne Austreid, President and CEO, has on 2 October 2008 bought 3,600 shares in Prosafe SE at NOK 27.60 per share. After this, Arne Austreid and related companies own 116,100 shares and 742,524 synthetic options.

Prosafe SE (OSL:PRS) Prosafe SE has on 30 September 2008 purchased 400,000 own shares at an average price of NOK 31.1651 per share at Oslo Børs.

Prosafe SE (OSL:PRS) Prosafe SE has on 29 September 2008 purchased 300,000 own shares at an average price of NOK 32.1033 per share at Oslo Børs.