Songa Offshore ASA (OSL:SONG) Mandatory Notification Of Trade

Songa Offshore ASA (OSL:SONG) Songa Offshore has today cancelled the total return swap (TRS) with Nordea Bank Norge ASA for 2,395,000 shares. The TRS was settled at NOK 25 per share.

Further the TRS with Carnegie Investment Bank AB Norway Branch has been reduced by 229,000 shares, the settled part was done at NOK 25 per share. Remaining underlying shares under the TRS with Carnegie Investment Bank AB Norway Branch is after this 2,845,965.

Oslo, 2008-10-16

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

Songa Offshore ASA

http://www.songaoffshore.no

ISIN: NO0010268451

Stock Identifier: XOSL.SONG