With reference to press release of July 12 and July 19, 2010, the Bondholders’ in the FPSO Sevan Hummingbird Bond ‘ISIN NO 001 034600.0 – Sevan Marine ASA open Bond Issue with Call Option 2006/2011’ have been summoned to a Bondholder’s Meeting on August 3, 2010. Please refer to the attached Summons Letter and www.stamdata.no for further information.

 Summons to Bondholders' Meeting

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 specializing in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology. Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN. For more information, please refer to http://www.sevanmarine.com//.

For further 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