NORDIC TRUSTEE Denne melding til obligasjonseieme er kun utarbeidet på engelsk. For informasjon vennligst kontakt Nordic Trustee ASA. To the bondholders in: ISIN: NO 001 071093.2 - 7.75 per cent Second Lien Callable Bond Issue 2014/2019 Oslo, 12 February 2014 Call notice Nordic Trustee ASA (formerly Norsk Tillitsmann ASA) acts as bond trustee (the “Bond Trustee”) for the above mentioned bond issue where Prospector Finance II S.A is the issuer (the “Issuer”). The Issuer may redeem the Bonds in whole at any time from and including the Issue Date, being 19 May 2014, to the date falling 25 months after the Issue Date, as described in the Bond Agreement, clause 10.2.1, a). The Issuer has given notice to redeem the Bond Issue in whole. Please find the notice of exercise of call option from the Issuer attached hereto. The Call will be carried out as follows: the sum of the present value of 104.65 % of par value as if such payment originally should have taken place on the Interest Payment Date falling 25 months after the Issue Date and the present value of the remaining coupon payments through and including the date falling 25 months after Issue Date, both calculated by using a discount rate of 50 basis points over the comparable U.S. Treasury Rate in accordance with the Bond Agreement, Clause 10.2.1 a). Redemption price: The exact calculation of the call price will be published on www.stamdata.no on or about 23 March 2015. Settlement Date: 26 March 2015 Record Date: 24 March 2015 Yours sincerely Nordic Tru^tee-ASA A ---------------- Vivian Trøsch PO Box 1470 Vika, N-0116 Oslo. Haakon Vlls gate 1, Oslo nordictrustee.com PROSPECTOR OFFSHORE D RILLIN G February 12, 2015 Nordic Trustee ASA Fredrik Lundberg Postboks 1470 Vika 0116 OSLO As Bond Trustee under the Bond Agreement for 7.75 per cent Second Lien Callable Bond Issue 2014/2019 Via Email Dear Mr. Lundberg: Pursuant to Section 10.2.1 of the Bond Agreement, Prospector Finance II is, of this date, notifying you of our intent to call all of our outstanding 7.75 per cent second lien bonds due 2019. The settlement date for the bonds called under the call option will be March 26, 2015. If you have any questions regarding this call notice, please contact Steven Donley at 01 832.783.4072 or at sdonlevfaparagonoffshore.com Kind regards, Prospector Finance II S. A. Prospector Finance II S.A. 291 Route d'Arlon, L-l 150 Luxembourg Grand Duchy of Luxembourg Phone +352 26 38 31 91 Fax +352 26 38 31 92 Registered Office: 291 Route d'Arlon. l.-l 150 Luxembourg Grand Duchy o f Luxembourg