Prosafe Production Public Limited

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.

Prosafe Production Public Limited (OSL:PROD) Prosafe Production Public Limited is pleased to announce that the FPSO Cidade de São Mateus on 24 December left Keppel Shipyard in Singapore and is en route to Brazil. Estimated sailing time is approximately 40 days. Following a short period of approval by Brazilian authorities as well as the client, the unit will be ready for installation.

Prosafe Production Public Limited (OSL:PROD) The following events are scheduled for 2009:

Prosafe Production Public Limited (OSL:PROD) Bjørn Henriksen, President and CEO, on November 26 bought 50,000 shares in Prosafe Production Public Limited through his wholly owned company Rogh Invest AS at a price of NOK 7.60. After the transaction Mr. Henriksen and related companies hold 156,000 shares and 1,000,000 synthetic options in Prosafe Production Public Limited.

Prosafe Production Public Limited (OSL:PROD) (21 Nov 2008) Roy Hallås, Executive Vice President & COO, has today through his wholly owned company Grindstua AS bought 30,000 shares in Prosafe Production Public Limited at a price of NOK 8.17. After the transaction Mr. Hallås and related companies hold 105,930 shares and 950,000 synthetic options in Prosafe Production Public Limited.

Prosafe Production Public Limited (OSL:PROD) Bjørn Henriksen, President and CEO, on November 13 bought 50,000 shares in Prosafe Production Public Limited through his wholly owned company Rogh Invest AS at a price of NOK 10.30. After the transaction Mr. Henriksen and related companies hold 106,000 shares and 1,000,000 synthetic options in Prosafe Production Public Limited.

Prosafe Production Public Limited (OSL:PROD) Roy Hallås, Executive Vice President & COO, on November 12 bought 20,000 shares in Prosafe Production Public Limited at a price of NOK 10.35. After the transaction Mr. Hallås holds 75,930 shares and 950,000 synthetic options in Prosafe Production Public Limited.

Prosafe Production Public Limited (OSL:PROD) Sven Børre Larsen, Executive Vice President & CFO, has today bought 17,000 shares in Prosafe Production Public Limited at a price of NOK 12.40. After the transaction Larsen holds 24,500 shares and 300,000 synthetic options in Prosafe Production Public Limited.

Prosafe Production Public Limited (OSL:PROD) (Figures in brackets refer to the corresponding period of 2007)

Prosafe Production Public Limited (OSL:PROD) Prosafe Production Public Limited informs that the results for the third quarter of 2008 will be published on 5 November 2008 at approx. 8:00 a.m. CET. Bjørn Henriksen, President & CEO and Sven Børre Larsen, Executive 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.