Reference is made to the announcement on July 1, 2010, regarding Letter of Intent for FPSO Sevan Voyageur. Sevan will submit a notice in this respect before the opening of the Oslo stock exchange tomorrow, Wednesday August 18, 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 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