Songa Offshore SE : August fleet update

Songa Equinox achieved an operational efficiency of 100% and an earnings efficiency of 99%, working for Statoil in Norway.

Songa Endurance achieved an operational efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway.

Songa Encourage achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway.

Songa Enabler achieved an operational efficiency of 92% and an earnings efficiency of 92% for the month, working for Statoil in Norway. The lower efficiency relates to the completion of the Offshore Deployment Test.

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway.

Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 89% for the month, working for Statoil in Norway. The rig was on a 75% suspension rate until 14 August 2016.

Songa Trym is currently stacked, while marketed for new employment.

6 September 2016
Limassol, Cyprus

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

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Source: Songa Offshore SE via Globenewswire