Reference is made to the announcements of 16 and 17 February 2009 regarding the private placement of 20,500,000 new shares (the "New Shares") in Songa Offshore SE (the "Company"). 

 

The New Shares have now been validly issued, and the Company's issued share capital has been increased to EUR 17,308,229.84, divided into 157,347,544 shares with a nominal value of EUR 0.11 per share.

 

The New Shares have been registered in the Norwegian Centralized Securities Depository on a separate ISIN, being CY 010 1212112, and cannot be traded on Oslo Børs until the Company has published a prospectus in connection with the listing of the New Shares.

 

Upon approval of the prospectus, the new shares will automatically be transferred to the Company's ordinary ISIN, being CY 010 0962113, and become tradable on Oslo Børs.

 

 

 

Limassol, 23 February 2010

 

For further enquiries, please contact:

Tom E. Jebsen, CFO (+47 2301 1431)

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)