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Songa Offshore ASA (OSL:SONG) Songa Offshore Registered As A European Limited Liability Company

Songa Offshore ASA (OSL:SONG) Songa Offshore ASA has today been transformed from a Norwegian Limited Liability Public Company (ASA) to a European Limited Liability Company (often referred to as an "SE" or "Societas Europea"). The new official name of the company is Songa Offshore SE.

The transformation is a result of the merger with Songa Offshore Cyprus Plc, a company owned 99.65% by Songa Offshore ASA which entered into force today. The shareholders in Songa Offshore Cyprus Plc will receive 6 shares in Songa Offshore SE as remuneration for their shares in Songa Offshore Cyprus Plc. The Company's new share capital is NOK 105,307,544 divided into 105,307,544 shares, each with a face value of NOK 1. The transformation of the Company to an SE Company forms part of the Company's plan to relocate its head offices to Limassol, Cyprus. The Company will release news on the relocation process in due course.

Oslo, 2008-12-12

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

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