Bond Issue

Songa Offshore SE has successfully completed a 5 year senior unsecured bond
issue of NOK 1,400 million. Net proceeds from the bond issue will be used for
general corporate purposes, including the initial installment on the 2(nd) CAT-D
rig to be constructed at DSME. The bonds will have a floating rate coupon of 6
month NIBOR + 10.0%. Settlement date for the bond issue is expected to be 17
November 2011. An application will be made for the bond issue to be listed on
the Oslo Stock Exchange.

First Securities, Nordea Markets and Pareto Securities acted as Joint Lead
Managers for the bond issue.

Limassol, 8 November 2011
Board of Directors
Songa Offshore SE

Questions should be directed to:
Geir Karlsen, CFO [phone] / [phone]

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.







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Source: Songa Offshore SE via Thomson Reuters ONE

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