Prosafe SE: Jesper Kragh Andresen to step down as CEO of Prosafe SE

27 Apr 2023 07:00 CEST

After more than 6 years as CEO in Prosafe, Jesper Kragh Andresen, has informed
the Board of Directors that he will step down as CEO. He will continue in his
current role until his successor is in place. The Board has initiated a process
to identify the next CEO of the Company.

Jesper Kragh Andresen says: 'It has been a privilege to be part of the Prosafe
team through these years. My near-term focus is to ensure the optimal running of
Prosafe and at the same time contribute to a smooth transition to provide the
best possible starting point for my successor.'

Glen O. Rødland, Chairman, says: 'The Board wishes to thank Jesper for his
contribution to Prosafe and the close collaboration for more than 6 years. He
managed the company safely through the downturn in the energy industry and
subsequently a financial restructuring of Prosafe. The company is now moving
into a new phase and is well positioned for an expected upturn in the market
from 2024 and onwards.'

The Board has engaged Russell Reynolds Associates in Oslo as an advisor in the
recruitment process.

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to www.prosafe.com (http://www.prosafe.com)

Stavanger, 27 April 2023
Prosafe SE

For further information, please contact:

Glen O. Rødland, Chairman
Phone: +47 907 41 662

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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