Prosafe SE: Operational update - August 2025

22 Sep 2025 07:00 CEST

22 September 2025 - Fleet utilisation for August 2025 was 80%.

In Brazil, Safe Eurus, Safe Notos, and Safe Zephyrus operated at full capacity
in August, exceeding 99% commercial uptime.

Safe Caledonia maintained 100% commercial uptime at the Captain Field in the UK.

Safe Boreas is in the Singapore region in preparation for her upcoming contract
in Australia with start-up window from 16 November to 15 December 2025. From 1
September, Safe Boreas is receiving a standby rate.

"Prosafe continues to deliver high commercial uptime and good operating
performance on all vessels. Safe Caledonia is performing very well with options
available beyond the current fixed term ending in December. It is also
encouraging to see new contract opportunities for Caledonia, particularly from
end 2026 and in 2027. Safe Boreas is now on standby, and preparations are well
underway for full contract start-up in the fourth quarter. Following that, all
high-end units will be on contract into 2027, supporting increased earnings"
said Reese McNeel, interim CEO and CFO of Prosafe.

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 https://www.prosafe.com

For further information, please contact:
Reese McNeel, interim CEO and CFO
Phone: +47 415 08 186


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

More information:
Access the news on Oslo Bors NewsWeb site

655834_PRS_Operational update_Aug25.pdf