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 20 April 2016.

Based on conversion notices received, convertible bonds of nominal value USD 4,020,000 have today been converted into 199,009,899 ordinary shares in the Company.

Following the conversion, the outstanding principal of the convertible bond is reduced to USD 121,819,025 and the number of outstanding ordinary shares in the Company is increased to 2,491,022,443.

25 August 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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Source: Songa Offshore SE via Globenewswire