Issuance of new shares

Reference  is made  to the  announcements of  24 and 25 March 2010 regarding the
private  placement of 10,365,000 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 18,448,379.84, divided into 167,712,544 shares
with a nominal value of EUR 0.11 per share.


Limassol, 6 April 2010

For further enquiries, please contact:
Tom E. Jebsen, CFO ([phone])


                                      ***

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


[HUG#1400590]