Songa Offshore SE : Songa Offshore SE : Mandatory notification of trade

   Songa Offshore SE : Songa Offshore SE : Mandatory notification of trade

Reference is made to the 13 May 2013 announcement of Mr. Bjørnar Iversen
taking up the position as CEO of Songa Offshore SE as from 1 June 2013.

Mr. Iversen has today been awarded 1,000,000 stock appreciation rights (each a
"Right"). Each Right gives Mr. Iversen a right to receive, upon exercise, a
cash compensation equal to the quoted share price of the shares upon exercise,
less the strike price. The strike price is NOK 5,71 per share, which equals
the closing price for the Shares on the Oslo Stock Exchange on 3 June 2013,
being the day on which Mr. Iversen took office. 1/3 of the rights will be
vested over a 12 month period counted from 3 June 2013, 1/3 of the rights
being vested after 24 months and 1/3 after 36 months. The rights may be
exercised by Mr. Iversen at any time in the 24 month period after the relevant
vesting period.

Limassol, 3 June 2013

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


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Songa Offshore SE via Thomson Reuters ONE
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