PRS - Resolutions by the annual ordinary general assembly in ProSafe ASA

Approval of annual accounts, changes to the board and authority to acquire own shares

The annual, ordinary general assembly in ProSafe ASA has been held today at the company's premises in Tananger.

The general assembly approved the accounts for the group and for the parent company, as well as remuneration to the board and auditor.

Further, the general assembly resolved to give the board authority to acquire up to 10% of the company's own shares. The authority to acquire own shares is valid for 18 months as from this date.

The general assembly also approved the following changes to the composition of the board in ProSafe ASA:

1. Reidar Lund was re-elected Chairman for a period of 2 years
2. Geir Worum was elected vice chairman. Worum replaces J. Christer Ericsson who has elected to retire from his duty.
3. Karl Urdshals, previous chairman of Nortrans Offshore, was elected board member.

The board of ProSafe ASA subsequently comprise 9 members of whom 6 are representing the shareholders and 3 are representing the employees.


Tananger, 3 May 2001

Reidar Lund,
Chairman of the Board