Highlights of Credit and Finance

Songa Offshore SE: Update On Timing Of Conversion Of Class A-shares

Referral is made to previous stock market announcements by Songa Offshore SE (the Company) in connection with the refinancing first announced on 15 March 2016 (the Refinancing).

Pursuant to the terms of the Refinancing, the Class A-shares delivered to unsecured lending institutions as part of the financial obligation conversion under the Refinancing will remain as unlisted Class A-Shares till after the Company has actually released its Q3 2016 interim financial report, as well as a listing prospectus.

The Q3 2016 interim monetary report is arranged to be released on 11 November 2016, and an extra listing prospectus is presently expected to be published on or about 15 November 2016. Subject to such publications, it is anticipated that the Class A-shares will tradable on Oslo B rs as common shares from 16 November 2016.

Further updates will be supplied in due course. Up until confirmation from the Business through a stock exchange announcement that the conversion have occurred, the Class A-shares can not be traded on Oslo B rs.

4 November 2016

Limassol, Cyprus

This details is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.This statement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.The issuer of this announcement warrants that they are exclusively responsible for the material, precision and originality of the information contained therein.Source: Songa Offshore SE by means of Globenewswire

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