Please find attached the presentation materials for the presentation of the fourth quarter results to be given today.

The presentation will also be broadcasted LIVE on www.sevanmarine.com. It is recommended that you log on to the webcast 5 minutes in advance of the presentation.

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

 Q4-2011 Presentation Sevan Marine

 Call-in details

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 design, engineering and project execution of floating units for offshore applications, with a main focus on Floating Production, Storage and Offloading units (FPSOs). Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN. For more information, please refer to www.sevanmarine.com.

For more information please contact:
Marit Ytreeide, Press Contact (Media)
+47 901 28 308 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 37 40 40 00 office

Kjetil Vangsnes, CFO, Sevan Marine ASA (Analysts)
+47 37 40 40 00 office