Det vises til tidligere børsmeldinger av Sevan Marine ASA (“Sevan Marine” eller “Selskapet” vedrørende det pågående tilbudet om tegning av nye aksjer i Selskapet (“Tilbudet”).

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES. NO SECURITIES ARE BEING OFFERED PURSUANT TO THIS RELEASE. AN OFFERING OF SHARES IN THE COMPANY IS ONLY MADE PURSUANT TO THE TERMS OF THE PROSPECTUS.

Tegningsperioden for Tilbudet utløper i morgen, 16. desember 2011, kl. 17.30 (norsk tid). Riktig utfylte tegningsblanketter må være mottatt av et av tegningskontorene, eller, for så vidt gjelder tegning over internett, registrert innen, kl. 17.30 (norsk tid), den 16. desember 2011.

Utvanningseffekten for aksjonærer som ikke benytter seg av sine allokeringsretter vil være betydelig. Allokeringsrettene vil normalt ha en økonomisk verdi om aksjene i Sevan Marine handles til kurs som er høyere enn tegningskursen i tegningsperioden. Allokeringsrettene bortfaller og vil være uten verdi ved utløpet av tegningsperioden.

Tilretteleggerne for tilbudet er ABG Sundal Collier (+ 47 22 01 60 00, www.abgsc.no), DNB Markets (+47 22 94 88 80, www.dnb.no/emisjoner), Pareto Securities (+47 22 87 87 00, www.paretosec.no) og SEB Enskilda (+47 21 00 85 00, www.sebenskilda.no) .

Sevan Marine ASA

Kontaktpersoner:

Marit Ytreeide, pressekontakt (Media)

+47 901 28 308 mobil

Carl Lieungh, CEO, Sevan Marine ASA (Media)

+47 374 04 000 kontor

Reese McNeel, CFO, Sevan Marine ASA (Analytikere)

+47 374 04 000 kontor

Selskapets hjemmeside: www.sevanmarine.com

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Important Information:

These materials are not for distribution, directly or indirectly, in or into the United States. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”).

The Securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.

The issue or exercise or sale of Allocation Rights and the subscription or purchase of Offer Shares is subject to specific legal or regulatory restrictions in certain jurisdictions. Sevan Marine assumes no responsibility in the event there is a violation by any person of such restrictions.

This announcement is an advertisement. It is not a prospectus, disclosure document or offering document and does not purport to be complete. Nothing in this announcement should be interpreted as a term or condition of the Offering. Investors should not subscribe for Offer Shares except on the basis of information in the Prospectus which will contain further information relating to the Company as well as a summary of the risk factors to which any investment is subject. This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire any securities offered by any person in any jurisdiction in which such an offer or solicitation is unlawful.

This announcement has not been approved by any regulatory authority.

The distribution of this announcement and/or the Prospectus into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.