Prosafe Investor Presentation — September 2017

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Pareto Oil & Offshore 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.

Introductory Highlights

Plan the work - Work the plan

4 World’s most diversified fleet of 8 semi -submersible

accommodation -, service - and safety vessels and one monohull

under management, three new builds and one TSV vessel

Mid to late cyclical, typically exposed to brownfield MMO type work

as well as hook -up & commissioning and decommissioning

Working the plan to be the world leader within offshore

accommodation Headquartered in Cyprus - offices in Brazil, UK, Norway and

Book value of total assets is ca. USD 2.7 billion / Book equity 40 %.

A billion dollar runway through 2020

~ Cash neutral EBITDA levelImproved cash flow 2017 -2020 of more than

Cash neutral on average at EBITDA of

approx. USD 100 million

2017 EBITDA guidance of approx. MUSD

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