Songa Offshore SE : Report for the third quarter 2014

Songa Offshore SE (the "Company") reports operating revenue for the second quarter of USD 109.6 million and an EBITDA of USD 40.6 million.

"We have delivered another strong operational quarter. I would also like to highlight the excellent work done by our project and operation teams in connection with the Special Periodic Survey (SPS) on Songa Dee. This is the first SPS in Songa Offshore that has been planned and executed by internal resources, and it has been done on budget. Songa Dee is expected to leave the yard this week. I would further highlight the completion of the financing of last two Cat D rigs, Songa Encourage and Songa Enabler, at favourable terms. Going forward we will continue to focus on safe and efficient operations, and the delivery and mobilization of our four new Cat D rigs", says Songa Offshore's CEO, Bjørnar Iversen.

Please see attached the Q3 2014 Report.

10 November 2014
Limassol, Cyprus

Board of Directors
Songa Offshore SE

Questions should be directed to:
Bjørnar Iversen, CEO (+357 99649152)
Jan Rune Steinsland, CFO (+47 97052533)