Notice of annual general meeting 2008


Please find attached the notice of the annual general meeting and the notice of attendance / proxy. The Information Memorandum which describes the split of the business will be distributed in due course.
 
The anticipated dates for the split are the following:
 
General meeting of shareholders resolving split: 14 May 2008
Last day inclusive for trading of Prosafe shares: 15 May 2008
Ex-date for Prosafe: 16 May 2008
Record date for Prosafe: 20 May 2008
Distribution of Prosafe Production shares: on or about 27 May 2008
           
First listing day Prosafe Production: on or about 2 June 2008.
 
Prosafe is the world's leading owner and operator of semi-submersible service rigs and a major owner and operator of floating production and storage vessels. Operating profit reached USD 222.2 million in 2007. The company operates globally, employs approx. 1,400 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
 
Larnaca, 21 April 2008
Prosafe SE
 
 
For further information please contact:
 
Arne Austreid, President and CEO
Phone no: +357 246 21 746 / +357 992 75 030
 
Karl Ronny Klungtvedt, Exec. Vice President and CFO
Phone no: +357 2462 1982 / +357 996 88 169

Attachments

Notice of AGM 14 May 2008