As per the agreement entered into between J. Christer Ericsson and associated companies (JCE) and Prosafe ASA (Prosafe) on May 3, 2006, Prosafe and Consafe Offshore AB (Consafe) have now executed an agreement, where Prosafe confirms that it will issue a voluntary offer to the other shareholders of Consafe, subject to the same terms and conditions as those outlined in the agreement with JCE.
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 outside the North Sea. Operating profit reached USD 103.6 million in 2005. The company operates globally and employs approx. 700 people, and is headquartered in Stavanger, Norway. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Tananger, 10 May 2006