Prosafe Investor Presentation — November 2018

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Q3 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

Contract extension for Safe Boreas and contract win

for Safe Caledonia in Q3 2018, and contract win for

Safe Zephyrus in early Q4 2018

Order backlog picking up

Utilisation of 48.1% (38.9%)

EBITDA before non -recurring items of USD 33.1

million (USD 31.3 million reported)

Cash flow from operations was USD 26.6 million

(USD 19 million) and cash balance of USD 266

million (USD 208 million)

Commenced the selling of Safe Astoria for scrap

(sixth vessel scrapped since 2016)

Transforming agreement reached with Cosco for the

Safe Eurus, Safe Nova and Safe Vega

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