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2016-05-09

Songa Offshore SE : April fleet update

Songa Dee achieved an operational efficiency of 100% and an earnings
efficiency of 99% for the month, working for Statoil in Norway.

Songa Delta achieved an operational efficiency of 100% and an earnings
efficiency of 99% for the month, working for Statoil in Norway.

Songa Trym is currently stacked, while marketed for new employment.

Songa Equinox achieved an operational efficiency of 100% and an earnings
efficiency of 94% for the month, working for Statoil in Norway.

Songa Endurance achieved an operational efficiency of 100% and an earnings
efficiency of 100% for the month, working for Statoil in Norway.

Songa Encourage commenced drilling operations on 11 April 2016 under its
eight-year drilling contract with Statoil on the Norwegian continental shelf.
Songa Encourage achieved an operational efficiency of 89% and an earnings
efficiency of 89% for the operational part of the month.

Songa Offshore took delivery of Songa Enabler on 31 March 2016. The rig is en
route from Korea to Norway and is currently in transit between Mauritius and
Walvis Bay, Namibia.

9 May, 2016

Limassol, Cyprus

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire

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