Songa Offshore SE : Approval of prospectus and conversion of Class A-shares and listing

Reference is made to previous stock exchange announcements by Songa Offshore SE (the "Company") in connection with the refinancing first announced on 15 March 2016 (the "Refinancing"), as well as the announcement of 4 November 2016 concerning timing of conversion of Class A-shares.

The Financial Supervisory Authority of Norway has today approved a supplemental prospectus prepared by the Company covering the listing of 8,466,839,157 ordinary shares resulting from the conversion of the Class A-shares issued as part of the Refinancing. The supplemental prospectus supplements the Company's prospectus dated 27 May 2016. The prospectus and the supplement prospectus is available at www.songaoffshore.com, and will also be available free of charge at the business offices of the Company.

Following publication of the supplemental prospectus, the 8,466,839,157 Class A-Shares issued as part of the Refinancing have now been converted to ordinary shares. As part of this, the shares will be transferred to the same ISIN as the ordinary shares in VPS.

As a result, the former Class A-shares will be listed and tradable as ordinary shares on Oslo Børs as of and from tomorrow, Wednesday 16 November 2016.

The number of issued and outstanding ordinary shares in the Company is now 11,210,336,844.

15 November 2016       
Limassol, Cyprus