Prosafe Production will report quarterly financial statements on the following dates in 2010:

   - 4th quarter 2009: 16 February
   - 1st quarter 2010: 11 May
   - 2nd quarter 2010: 25 August
   - 3rd quarter 2010: 2 November

The Annual General Meeting is scheduled for 11 May 2010.

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. The company has a good operational uptime track record and possesses a range of proprietary FPSO-related technologies. 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.

Limassol, 16 December 2009
Prosafe Production Public Limited

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