Prosafe Investor Presentation — August 2018

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Q2 2018 results and market update Disclaimer

All statements in this presentation other than statements of historical fact are

forward -looking statements, which are subject to a number of risks, uncertainties,

and assumptions that are difficult to predict and are based upon assumptions as

to future events that may not prove accurate. Certain such forward -looking

statements can be identified by the use of forward -looking terminology such as

“believe”, “may”, “will”, “should”, “would be”, “expect” or “anticipate” or similar

expressions, or the negative thereof, or other variations thereof, or comparable

terminology, or by discussions of strategy, plans or intentions. Should one or

more of these risks or uncertainties materialise, or should underlying

assumptions prove incorrect, actual results may vary materially from those

described in this presentation as anticipated, believed or expected. Prosafe does

not intend, and does not assume any obligation to update any industry

information or forward -looking statements set forth in this presentation to reflect

subsequent events or circumstances.

2 Recent highlights

Transforming agreement reached with Cosco for the

Safe Eurus, Safe Nova and Safe Vega

Financial runway being extended

Improved Q2 utilisation of 45.8 (38.5) per cent in the

EBITDA of USD 57.1 (26.4) million reflecting higher

utilization and cost control

Improved cash flow at USD 43.5 (19.1) million

Safe Scandinavia awarded a 7 -15 month MMO

contract with AkerBP at Ula on the NCS

Safe Concordia awarded a 200 -day contract by

Equinor calls second option and extends Safe Boreas

further till early November 2018 and Safe Caledonia

extended with one month

Business & Operations

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