Carnegie ASA and Pareto Securities AS (the "Managers") have collectively received an order for sale of up to approx. 60.9 million shares in Prosafe SE ("PRS") from BW Offshore Limited ("BW Offshore").
The price will be set through a bookbuilding process, within an indicative price range of NOK 56-59 per share.
The Managers will build a book based on identified potential investors commencing today at 16:30 hours CET to and including 23 May 2008 at 20:00 hours CET at the latest. The book may be closed at any time at the Managers' discretion. No investor may bid or be allocated a number of shares less than the NOK equivalent to EUR 50,000.
BW Offshore reserves the right, at its own discretion, to sell less shares or no shares at all, depending on the price and the demand for shares through the bookbuilding period.
For further information, please contact:
Carnegie ASA, telephone +47 22 00 93 40
Pareto Securities AS, telephone +47 22 87 87 50