Songa Saturn relocation agreement

Songa Offshore SE is pleased to announce that a paid relocation agreement has
been entered into between Songa Offshore subsidiary Pegasus Invest Ltd and an
un-named industry participant for potential business opportunities in Middle
Americas.

The agreement covers a fully paid relocation of Songa Saturn from current
location in Malta to Port of Spain, Trinidad.  The agreement does also include a
return voyage plus compensation if said business opportunity fails to
materialize.

Songa Saturn will be leaving Malta today.

Limassol, 9 September 2010

Questions should be directed to:

Geir Karlsen, CFO [phone] / [phone]

Tom Jebsen, Senior Vice President [phone] / [phone]

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


[HUG#1443392]








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Source: Songa Offshore SE via Thomson Reuters ONE