Prosafe Investor Presentation — May 2017

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Q1 2017 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.

Plan the work - Work the plan

Financial results and guidance

Awarded important long-term contract for Safe Zephyrus at Johan Sverdrup field in Norway

Good operating performance

Focus on safety and compliance

Utilisation of 40 per cent in the quarter

Safe Concordia still on contract in Brazil, with potential for a short extension

Options exercised for Safe Boreas and Safe Zephyrus

Delivering on cost and capex reductions. Focus on continuous improvement remains

Looking for optionality and value creation potential from financing terms, price and timing of

delivery of COSCO new builds

Safe Regency in process of being sold for scrap to protect cash and to increase

competitiveness of the fleet

4 Awarded Johan Sverdrup contract

Important contract for the company to win

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