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2014-04-08

Songa Offshore SE : March fleet update

Songa Venus achieved an operational efficiency of 100% and an earnings
efficiency of 98% during the month working for Mubadala Petroleum in
Malaysia.

Songa Mercur achieved an operational efficiency of 100% and an earnings
efficiency of 100% during the month working for Idemitsu in Vietnam.

Songa Trym achieved an operational efficiency of 93% and an earnings
efficiency of 90% during the month working for Statoil in Norway. The
earnings efficiency was negatively impacted due to an issue with a third
party downhole equipment, and the rig earning a Waiting-on-Weather rate due
to inclement weather for periods of the month.

Songa Dee achieved an operational efficiency of 100% and an earnings
efficiency of 95% during the month working for Statoil in Norway. The rig was
on Waiting-on-Weather rate for periods of the month.

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

April 8, 2014
Limassol, Cyprus

This information is subject of 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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