Prosafe SE: Operational update - March 2026

21 Apr 2026 10:36 CEST

21 April 2026 - Fleet utilisation for March 2026 was 42% and 79% in first
quarter.

In Brazil, Safe Eurus continued to operate at full capacity in March, delivering
near 100 % commercial uptime.

Early in March, Safe Zephyrus and Safe Notos both commenced scheduled special
periodic surveys (SPS), upgrade and maintenance work. Safe Zephyrus resumed
operations for Petrobras on 13 April, and Safe Notos is anticipated to resume
operations in the coming days. Total cost for both projects is expected to be
within ranges previously communicated.

Safe Boreas continued to receive full day rate during March 2026. Gangway
operations and the 15-month firm contract period commenced on 3 April 2026.

Safe Caledonia is in lay-up at Scapa Flow, UK. The vessel has a Letter of Intent
(LoI) from Ithaca Energy for six months firm and three months of options from
the second quarter of 2027. A final contract award is expected in second quarter
2026.

"I am very pleased with the safe and efficient execution of the Safe Zephyrus
and Safe Notos SPSs and maintenance projects. This is the culmination of months
of detailed planning, dedication and strong execution by the Prosafe project
team, crew and all parties involved. It is also great to see the Safe Boreas
gangway connected and fully operational in Australia, achieving another key
milestone.

The accommodation market continues to develop positively with recent awards and
continued tendering activity. We remain focussed on securing follow-on work for
our vessels post their current contracts in 2027," said Reese McNeel, CEO 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, CEO
Phone: +47 415 08 186


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

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