The annual general meeting of Prosafe Production will be held at Four Seasons hotel, Ag. Tychonas, Limassol 3313, Cyprus, on Tuesday 11 May 2010 at 13:00 Cyprus time.

Please find attached the notice of the annual general meeting and the notice of attendance / proxy, as well as the annual report for 2009.

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.

Limassol, 16 April 2010