Prosafe SE: Reese McNeel appointed as CEO in Prosafe SE

06 Nov 2025 07:00 CET

Oslo, 6 November 2025 - The Board of Directors of Prosafe has appointed Reese
McNeel as permanent chief executive officer (CEO) of Prosafe.

Reese will continue to perform the CFO duties until a successor is appointed.

Reese has more than 20 years of leadership experience from the offshore energy
industry and publicly listed companies, including executive management and CEO
level tenure at Atlantica Tender Drilling Ltd. and Sevan Marine ASA. He has
already demonstrated his strong leadership and dedication to Prosafe as interim
CEO since September 2025 and Chief Financial Officer since August 2022.

Carey Lowe, Chairman of Prosafe, says: " We are pleased to appoint Reese as
permanent CEO.  Since assuming the interim role, Reese has already demonstrated
decisive leadership and, with the support of the Board, initiated a significant
transformation of the company.  He is leading efforts to enhance cost
efficiency, strengthen operational performance, and build a solid backlog,
positioning Prosafe for long-term success and value creation for shareholders."

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

Prosafe SE

For further information, please contact:

Carey Lowe, chair of the Board

carey.lowe@prosafe.com (mailto:carey.lowe@prosafe.com)

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the continuing obligations for
issuers listed on Euronext Oslo Børs.

More information:
Access the news on Oslo Bors NewsWeb site

658863_06112025 Prosafe SE - New CEO.pdf