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Songa Offshore SE : Conversion of bonds, new shares issued

Reference is made to the stock exchange announcement on 7 April 2016 made by
Songa Offshore SE (the "Company") regarding the new convertible bond loan
issued by the Company on 17 April 2016.

Based on conversion notices received, convertible bonds of nominal value USD
100,000 have today been converted into 4,950,495 ordinary shares in the

Following the conversion, the outstanding principal of the convertible bond is
reduced to USD 116,719,024 and the number of outstanding ordinary shares in
the Company has increased to 2,743,497,687.

15 November 2016
Limassol, Cyprus

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

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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