Registration of new shares

Reference is made to the press releases  of 11 June and 12 June  2009
regarding the private  placement of 18,080,000  new shares (the  "New
Shares") in  Songa  Offshore  SE  (the "Company")  and  the  proposed
exchange offer to  the bondholders  in the 3.25%  Songa Offshore  ASA
Senior Unsecured Convertible Bond Issue 2007/2010.

The New Shares have now been validly issued, and the Company's  share
capital  has  been   increased  to  EUR   13,572,630,  divided   into
123,387,544 shares of nominal value EUR 0.11.

The New  Shares have  been registered  in the  Norwegian  Centralized
Securities Deposit (VPS) on  a separate ISIN,  being CY 010  0992110,
and cannot be  traded on Oslo  Stock Exchange until  the Company  has
published a  prospectus in  connection with  the listing  of the  New
Shares and  the  13,460,000  new  shares that  will  be  issued  upon
completion of the proposed conversion of bonds.

Upon approval of the prospectus, the new shares will automatically be
transferred to the Company's original ISIN, being CY 010 0962113, and
become tradable on Oslo Børs.



Limassol, 18 June 2009

For further enquiries, please contact:
Tom E. Jebsen, CFO ([phone])

                                 ***

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE
UNITED STATES:

The shares to  be offered have  not been and  will not be  registered
under the  U.S.  Securities  Act  of  1933,  as  amended  (the  "U.S.
Securities Act"), or any state  securities laws, and will be  offered
within the  United  States  only to  qualified  institutional  buyers
("QIB"), as defined in Rule 144A under the U.S. Securities Act ("Rule
144A") or an "Accredited  Investor" as defined  under Rule 501(A)  of
the US Securities  Act and  in reliance  upon an  exemption from  the
registration requirements in  the US Securities  Act, and to  certain
non-U.S. persons in offshore transactions in reliance on Regulation S
under the U.S. Securities Act. Any  US investor will be requested  to
sign and return an investor representation letter certifying that  it
is either a QIB or an  Accredited Investor. The shares to be  offered
will be  subject  to certain  restrictions  on transfer.  This  press
release shall not constitute an offer to sell or the solicitation  of
an offer to buy nor shall there be any sale of the securities in  any
country in which such offer, solicitation or sale would be unlawful.

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


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.