Songa Offshore SE : New bridge bond established

Reference is made to the press release as of 15 March 2016 regarding the comprehensive refinancing. Songa Offshore SE is pleased to announce that drawdown on the bridge bond has taken place today.

The bridge bond is in the amount of USD 91.5 million and will be converted into the previously announced new convertible bond following the required resolutions by an extraordinary general meeting.

17 March, 2016
Limassol, Cyprus

Questions should be directed to:
Jan Rune Steinsland, CFO ([phone])

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

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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#1995654