PROS - Notification of Major Interest

6/9/2011 1:19 PM EST

Luxembourg, 9 June 2011: - Prospector Offshore 
Drilling S.A. (the "Company") (Oslo Børs: PROS). 
Pursuant to the Luxembourg law of 11 January 2008 on 
transparency requirements the Company has received on 
3 June 2011 a notification of disposal of major 
interest. Situation is therefore as follows:

-	Full name of person(s) subject to the 
notification obligation: The Goldman Sachs Group, Inc
-	Full name of the shareholders: Goldman Sachs 
Investment Strategies L.L.C. 
-	Reason for the notification: an acquisition 
or disposal of voting rights
-	Date of the transaction and date on which the 
threshold is crossed or reached: 1 June 2011
-	Threshold(s) that is/are crossed or reached: 
15%
-	Situation previous to the triggering 
transaction:
Number of voting rights: 8,693,410
-	Resulting situation after the triggering 
transaction:
Number of voting rights: 	Direct: nil; 
indirect: 7,909,000
% of voting rights: 		Direct: nil; 
indirect: 14.05%
-	Financial Instruments total: nil.
-	Chain of controlled undertakings through 
which the voting rights and/or the financial 
instruments are effectively held, if applicable: 

The interest in 7,909,000 shares of the Company is 
held by Goldman Sachs Investment Strategies LLC., a 
wholly owned subsidiary of Goldman Sachs Group, Inc. 
acting as discretionary manager. 


For further information, please contact: 

Contact: 
Steven Manz 
Vice President and Chief Financial Officer 
Prospector Offshore Drilling S.A. 
Tel: +1 281 560 8010

This announcement may include 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.