Prosafe Production Public Limited will publish its results for the first quarter of 2010 on 11 May. In connection with the release, management will hold a teleconference/webcast the same day at CET 1400 hours. To listen to the presentation there are two options available:

1.     Webcast

Please refer to link on www.prosafeproduction.com to follow the webcast.

2.     Teleconference

Please call in at one of the following numbers:

Norway Toll Free            800 19641

International call           +44 (0)20 7138 0843     

UK Toll Free                  0800 032 3808

USA Toll Free                866 602 0258

The participants will be asked for their name, company and conference ID code. The Prosafe Production conference ID code is: 8143277.

There will be a Q&A session after the presentation.

In order to view the presentation held while listening to the conference, please download the presentation material from www.prosafeproduction.com.

The conference will be available for replay at www.prosafeproduction.com.

About Prosafe Production

Prosafe Production is a leading owner and operator of Floating Production, Storage and Offloading vessels (FPSOs). Prosafe Production has 25 years of operational experience from several of the world’s largest oil and gas provinces. Prosafe Production operates globally and employs approximately 1,000 employees from more than 40 countries. Headquartered in Limassol, Cyprus, Prosafe Production is listed on the Oslo Stock Exchange with ticker code PROD. Please refer to www.prosafeproduction.com for more details.

For further information please contact:

Bjørn Henriksen, President and CEO

Phone: +31 6105 32543

E-mail: bjorn.henriksen@prosafeproduction.com

Sven Børre Larsen, Executive VP and CFO

Phone: +65 9657 2590

E-mail: sven.larsen@prosafeproduction.com