Songa Offshore SE : Mandatory Notification of Trade

Reference is made to the press release as of 14 November 2014 regarding incentive programs established for employees. Songa Offshore SE (the "Company") has on 8 April 2016 purchased 2,281,548 shares for the Long-Term Incentive Program. The shares have been acquired at an average purchase price of 0.3219 NOK per share.

On behalf of primary insider and CEO in Songa Offhore SE, Bjørnar Iversen, the Company has purchased 340,775 shares. Mr Iversen's holding following this transaction is 2,143,141 shares in addition to 1,625,149 synthetic share options.

On behalf of primary insider and CFO in Songa Offhore SE, Jan Rune Steinsland, the Company has purchased 249,488 shares. Mr Steinsland's holding following this transaction is 1,127,227 shares in addition to 812,575 synthetic share options.

On behalf of primary insider and COO in Songa Offshore SE, Mark Bessell, the Company has purchased 329,811 shares. Mr Bessell's holding following this transaction is 735,482 shares.

Before distribution to the employees, the Long-Term Incentive Program has 2,281,548 shares.

Limassol, Cyprus

11 April 2016