Songa Offshore SE : Mandatory Notification of T...

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 3 July 2015 purchased 1,070,497 shares for the Employees Discounted Share Purchase Plan. The shares have been acquired at an average purchase price of 1.5008 per share.

On behalf of primary insider and CEO in Songa Offhore SE, Bjørnar Iversen, the Company has purchased 48,251 shares. Mr Iversen's holding following this transaction is 1,462,251 shares in addition to 1,108,209 restricted share unitis and 1,625,149 synthetic share options.

On behalf of primary insider and CFO in Songa Offhore SE, Jan Rune Steinsland, the Company has purchased 48,251 shares. Mr Steinsland's holding following this transaction is 628,251 shares in addition to 811,343 restricted share unitis and 812,575 synthetic share options.

Before distribution to the employees, the Employee Discounted Share Purchase Plan has 1,618,798 shares.

Limassol, Cyprus
6 July 2015

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

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire

HUG#1934521