Updated Financial Calendar 2010

The updated financial calendar for 2010 for Sevan Marine ASA is as follows: Date Agenda Time Place May 11 Annual General Meeting 13:00 Company premises, Arendal May 12 Publication of results Q1, 2010 08:00 http://www.sevanmarine.com May 12 Presentation and webcast 14:00 Shippingklubben, Oslo Aug. 25 Publication of results Q2, 2010 08:00 http://www.sevanmarine.com Aug. 25 Presentation and webcast 14:00 Shippingklubben, Oslo Nov. 10 Publication of results Q3, 2010 08:00 http://www.sevanmarine.com Nov. 10 Presentation and webcast 14:00 Shippingklubben, Oslo The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs - Continuing Obligations. Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com//. For information, please contact: Jan Erik Tveteraas, CEO, Sevan Marine ASA (Media) +47 37404000 office +47 95214925 mobile Birte Norheim, VP Finance, Sevan Marine ASA (Analysts) +47 37404201 office +47 95293321 mobile

Om oss

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and three drilling units contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. The Company's business strategy is based on a Build-Own-Operate model, which gives Sevan control over the value creation chain.

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