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2015-09-09

Songa Offshore SE : Mandatory Notification of Trade

Reference is made to the press release as of 14 November 2014 regarding
incentive programs established for employees. Songa Offshore SE (the
"Company") has on 8 September 2015 purchased 115,862 shares for the Long-Term
Incentive Program. The shares have been acquired at an average purchase price
of 1.01 NOK per share.

On behalf of primary insider and CEO in Songa Offhore SE, Bjørnar Iversen, the
Company has purchased 340,115 shares. Mr Iversen's holding following this
transaction is 1,802,366 shares in addition to 554,104 restricted share units
and 1,625,149 synthetic share options.

On behalf of primary insider and CFO in Songa Offhore SE, Jan Rune Steinsland,
the Company has purchased 249,488 shares. Mr Steinsland's holding following
this transaction is 877,739 shares in addition to 405,671 restricted share
units and 812,575 synthetic share options.

On behalf of primary insider and COO in Songa Offshore SE, Mark Bessell, the
Company has purchased 405,671 shares. Mr Bessell's holding following this
transaction is 405,671 shares.

Before distribution to the employees, the Long-Term Incentive Program has
2,721,215 shares.

Limassol, Cyprus
9 September 2015

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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