Reference is made to previous announcements concerning the refinancing (the "Refinancing") of Prosafe SE ("Prosafe" or the "Company") as announced on 7 July 2016, and latest the announcement of 13 September 2016 relating inter alia to issuance of the new class A shares in connection with the private placement closed on 12 July 2016.
According to the timetable set out in the release on 13 September, the new class A shares were delivered to subscribers against payment yesterday, 14 September 2016. Furthermore, the Company has now in accordance with the Refinancing terms redeemed bonds against issuance of new convertible bonds in the aggregate nominal amount of NOK 81,790,013. This redemption was due to a delay in the VPS delivery of bonds finally completed today, with the consequence that the record date for the conversion of bonds to shares will also be today. The timetable for the remaining Refinancing completion will therefore be adjusted by one day as follows:
| Date | Action |
| 15 September 2016 | Record date for conversion of bonds to shares |
| 19 September 2016 | Conversion of bonds to class A shares |
| 19 September 2016 | Listing of all class A shares on the Norwegian OTC list (N-OTC) |
| 19 September 2016 | Record date for remaining forced cash conversion of bonds |
| 21 September 2016 | Settlement of the remaining bonds forced to cash conversion |
| 21 September 2016 | Last day of listing of bonds on Oslo Børs |
Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Larnaca, 15 September 2016
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Glen Ole Rødland, Interim Chairman
Prosafe SE
Phone: +47 907 41 662
Stig Harry Christiansen, Acting CEO
Prosafe Management AS
Phone: +47 478 07 813
Robin Laird, Acting CFO
Prosafe Offshore Services Pte Limited
Phone: +65 81 27 21 01
Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 991 09 467