Prosafe Investor Presentation — November 2019

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Q3 2019 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 Re-assessment of outlook and

financial implications

Re-assessment of outlook and financial implications

A prolonged downturn and weaker

outlook in the North Sea in particular

No tenders in the North Sea and few

contract opportunities anticipated in

the next years in Norway in particular

Brazil offering opportunities, although

at lower rates. Two tenders currently

Increasing focus on other markets

including Mexico Financial implications

Re-assessment of market outlook

impacts cash -flow projections in the

years ahead - in particular for less

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