Songa Offshore SE : Cat D update (2)

Due to the current status of the Cat D project and the situation with DSME, the Company is conducting a full legal review of the project and its position; finding evidence of default by DSME during the engineering and construction of each of the four Cat D units. Thus, the Company is considering a counterclaim of significant magnitude against DSME due to DSME's responsibility for default and will allocate sufficient resources to that effect.

Further details will be provided as and when appropriate.

23 November 2015
Limassol, Cyprus

For further information, please contact:
Jan Rune Steinsland, CFO ([phone])

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

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire

HUG#1968597