Please find attached the presentation materials for the presentation of the second quarter results to be given today, August 25, 2010.

Jan Erik Tveteraas (CEO), Birte Norheim (Vice President Finance) and Oskar Mykland (CFO) will at 2:00 p.m. give a presentation of the results at Clarion Hotel, Ny Olavskleiv 8, Stavanger. Please note the change of location due to the ONS conference in Stavanger. The presentation will be in English.

The presentation will also be broadcasted LIVE at http://www.sevanmarine.com/. It is advised that you log on to the webcast 5 minutes in advance.

If you wish to call-in to listen to the presentation, please find the call-in details attached.

 Q2 Presentation Sevan Marine

 Conference Call Confirmation Q2 2010

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