Songa announces financial update

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES, AUSTRALIA, CANADA AND
JAPAN


In connection with the offering of senior notes launched today, Songa Offshore
SE has updated its third quarter 2009 financial report, which is available on
the link below and on Songa's web-site.

Further, based on preliminary unaudited information for the year ended 31
December 2009, Songa expects to report, on a consolidated basis, revenue of at
least USD 780 million and EBITDA of at least USD 420 million for the year.

Songa confirms that it has been rated by Moody's and Standard & Poor's on the
basis of completion of the senior notes offering.

Limassol, 27 January 2010


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The senior notes and the related guarantees have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or any state securities laws. Accordingly, the senior notes and the
related guarantees are being offered and sold in the United States only to
qualified institutional buyers in accordance with Rule 144A under the Securities
Act and outside the United States in accordance with Regulation S under the
Securities Act.

The offering of senior notes is being made by means of an offering memorandum.
This announcement does not constitute an offer to sell or the solicitation of an
offer to buy the senior notes or any other security and shall not constitute an
offer, solicitation or sale in any jurisdiction in which, or to any persons to
whom, such offering, solicitation or sale would be unlawful.

Forward Looking Statements:   Certain statements in this announcement are
forward-looking. These forward-looking statements represent expectations for
Songa's business and results of operations, and involve risks and uncertainties.
These forward-looking statements are based on current expectations, assumptions
and projections about future events.  Because these expectations and assumptions
involve known and unknown risks, uncertainties and other factors, which are in
some cases beyond Songa's control, actual results or performance may differ
materially from those expressed or implied by such forward-looking statements.
Given the risks and uncertainties, investors are cautioned not to place undue
reliance on such forward-looking statements.

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


[HUG#1377528]





    Songa Q3 2009 Financial Report Restated: 

http://hugin.info/136777/R/1377528/338415.pdf