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2016-02-26

Songa Offshore SE : Report for the fourth quarter 2015

Songa Offshore SE reports total revenue for the fourth quarter 2015 of USD 159
million and EBITDA of USD 103 million.

"We have put behind us a very busy quarter with the two first Cat D rigs,
Songa Equinox and Songa Endurance, commencing drilling operations and the
delivery of Songa Encourage. While we experienced startup challenges with
Songa Equinox and Songa Endurance, the legacy fleet had another quarter with
100% operational uptime and with further reductions in operating cost.", says
Songa Offshore CEO, Bjørnar Iversen.

Please find attached the Report and the Presentation for the fourth quarter
2015.

26 February 2016
Limassol, Cyprus

Board of Directors
Songa Offshore SE

Questions should be directed to:
Bjørnar Iversen, CEO (+357 99649152)
Jan Rune Steinsland, CFO (+47 97052533)

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

Songa Offshore SE Q4 2015 Presentation
http://hugin.info/136777/R/1989683/730746.pdf
Songa Offshore SE Q4 2015 Report
http://hugin.info/136777/R/1989683/730747.pdf

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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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