Songa Offshore SE : Statement on mandatory offe...

Reference is made to the mandatory offer launched by Perestroika AS for the shares of Songa Offshore SE (the "Company") as further detailed in the mandatory offer document dated 19 December 2013.

According to the Norwegian Securities Trading Act section 6-16, the board of directors of the Company has a duty to issue a statement on its assessment of the bid and the reasons on which it is based. As the owner of Perestroika AS, Frederik W. Mohn, is a board member of the Company and the Offer is a consequence of a refinancing plan approved by the board of directors of the Company, Oslo Børs has decided that an independent expert shall issue the statement, in accordance with the Norwegian Securities Trading Act section 6-16 (4). In this context, SEB has been engaged by the board of directors of the Company to provide such statement, which is attached hereto.

Limassol, 13 January 2014

For further information, please contact:
Jan Rune Steinsland, CFO ([phone])

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

SEB - Assessment of the mandatory cash offer from Perestroika AS

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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#1754356