Prosafe Investor Presentation — March 2018

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SpareBank 1 Markets - Oil and Energy Conference 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 Brazil Mexico Norway

Stacked vessels Headquarters

Singapore This is Prosafe

Newbuild vessels China

The world’s most diversified fleet of 8

semi -submersible accommodation -,

service - and safety vessels and 1 TSV

Control of 3 newbuild vessels in China

Headquartered in Cyprus, offices in

Brazil, Mexico, UK, Norway and

Roughly 550 employees Current operations

Restructured: “A billion dollar runway” secured through 2020

Improved cash flow 2017 -2020 of more

than USD 1 billion from

•Reduction of debt/new build investment USD

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