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SEVAN: MANDATORY NOTIFICATION OF TRADE /EXERCISE OF SHARE OPTIONS

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Erskine Rozario, V.P Eng.and construction, has exercised 16,666 share options at
NOK 30,90. After this, Mr. Rozario owns 16,666 shares.

Reidun B Olsen, V.P HSEQ, has exercised 16,666 share options at NOK 38,40. After this Mrs. Olsen owns 16,666 shares.

Kristin Urdahl, Section Manager Technical Safety&LQ / Board Member, has exercised 33 300 share options at NOK 24,00. After this, Mrs. Urdahl owns 33 300 shares.