Registration of new shares

Reference is made to the press releases  of 12 June and 24 June  2009
regarding Songa Offshore SE's (the  "Company") exchange offer to  the
bondholders  in  the  "3.25%  Songa  Offshore  ASA  Senior  Unsecured
Convertible Bond Issue  2007/2010", pursuant  to which  bonds in  the
principal  amount  of  USD  62.5  million  will  be  converted   into
13,460,000 new shares (the "New Shares") the Company.

The New Shares have now been  validly issued as ordinary shares  with
no rights of redemption and fully  paid up, and the Company's  issued
share capital has been  increased to EUR 15,053,229.84, divided  into
136,847,544 shares of nominal value EUR 0.11.

In earlier announcements from the Company, we have indicated that the
New Shares would not be tradable  on Oslo Stock Exchange (the  "OSE")
until a prospectus  for the  same shares is  approved and  published.
However, the OSE has accepted to  admit the New Shares to trading  on
the OSE as  from today. The  New Shares have  been registered in  the
Norwegian Centralized  Securities  Deposit  (VPS)  on  the  Company's
ordinary ISIN, being CY 010 0962113.

Investors should note that the 18,080,000 shares issued in a  private
placement on 11  June are still  restricted from trading  on the  OSE
until the mentioned prospectus is approved and published. The Company
anticipates such approval in 2-3 weeks time.


Limassol, 1 July 2009

For further enquiries, please contact:
Tom E. Jebsen, CFO ([phone] / [phone])
Jarl Egil Markussen, Deputy CFO ([phone] / [phone])
                                 ***
This information is subject of the disclosure requirements  according
to §5-12 vphl (Norwegian Securities Trading Act).


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.