Vicama AS («Vicama») and Vicama Capital AS ("Vicama Capital") has on 15 November
2023 entered into a share lending agreement with Prosafe SE (the "Company") and
Pareto Securities AS and SpareBank 1 Markets AS (the "Managers") for the
purposes of facilitating settlement of tradeable shares in the private placement
announced on 25 October 2023 (the "Private Placement"). Vicama and Vicama
Capital are ultimately controlled by Kjell Christian Ulrichsen.

Vicama hold 370 947 shares and Vicama Capital hold 364 738 shares, in total 735
685, representing 6.39%. Vicama has made 353 205 shares available for lending
and Vicama Capital has made 364 738 shares available for lending. Following the
lending of the shares, Vicama Capital will hold nil shares and Vicama will hold
17 742 shares. Consequently, the total holding of votes and shares held by
entities controlled by Kjell Christian Ulrichsen have been reduced to below 5 %.
 
 
Simen Flaaten is a director of Prosafe and the CEO of Vicama Capital. Vicama
Capital is defined by the Market Abuse Regulation as a related party of a person
discharging managerial responsibilities ("PDMR"). Vicama Capital has subscribed
for and been allocated 184 917 shares at NOK 60 per share in the Private
Placement. Following re-delivery of the lending shares and settlement of the
Private Placement, Vicama Capital will hold 549 655 votes and shares. 

When shares loaned out are returned, entities controlled by Kjell Christian
Ulrichsen will own and control 920 602 shares and votes, representing more than
5 % of the total outstanding votes and shares of the Company.