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PROS - Announces the completion of the subsequent offering



2012-12-13 23:29:13 -


PROS - Announces the completion of the subsequent offering

Luxembourg, 13 December 2012: Reference is made to the announcement on 21
November 2012 and 11 December 2012 regarding approval of a prospectus in
relation to the listing of shares pursuant to the private placement of
36,000,000 shares in Prospector Offshore Drilling S.A (the "Company" or
"PROS")
and the subsequent offering of 2,800,000 shares in the Company to eligible
shareholders. The withdrawal period following the publication of the prospectus
supplement dated 10 December 2012 expired at 16:30 (CET) on 12 December 2012,
and following such expiry the Company has received subscriptions with
subscription rights for 2,202,598 shares at the purchase price of NOK 9.50 per
share. As a result of the offering, the Company will receive proceeds of
approximately USD 3.6 million, net of fees. Consequently, and following final
board approval at a board meeting of the Company to take place next week,
2,202,598 shares in the Company will be issued to the subscribers of shares in
the subsequent offering.

Following the subsequent offering, the total number of issued shares in the
Company will be 94,497,598, each with a nominal value of USD 0.01.

About PROS:
PROS is a high specification jack-up drilling contractor.  PROS currently has
contracts in place for the design, construction and delivery of four F&G JU2000E
high specification, harsh environment (HS/HE) jack-up drilling  rigs.  The
Company's first rig is scheduled for delivery commencing in the first quarter of
2013.  PROS also has option agreements for the construction of six additional
rigs  of the same design.  Upon deployment of its rigs, PROS, under its proven
management team, will have the newest fleet of HS/HE jack-up rigs in the world,
operating with the most advanced drilling systems available in the industry.

This press release contains forward-looking statements that involve risks and
uncertainties. You are cautioned not to put undue reliance on forward-looking
statements because actual events and results may differ materially from the
expected results described by such forward-looking statements. Prospector
Offshore Drilling S.A. disclaims any obligation to update and revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.



Contact:

Steven A. Manz

Chief Financial Officer

Prospector Offshore Drilling S.A.

Tel: +1 281 560 8010

PROS_Announces the completion of the subsequent offering:
hugin.info/145297/R/1664909/540138.pdf



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Source: Prospector Offshore Drilling via Thomson Reuters ONE
[HUG#1664909]


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