+47 37 40 40 00 post@sevanmarine.com

General Meetings

General Meetings 2017

Minutes from Annual General Meeting

Sevan Marine ASA has today on May 24, 2017, held its Annual General Meeting. All the proposals from the Board of Directors to the General Meeting were approved. Attached to this announcement are the minutes of the Annual General Meeting in Norwegian and translation into English.

THE BOARD OF DIRECTORS
The shareholder-elected members to the Board of Directors, elected by the General Meeting for a period of one year, are:

Erling Øverland (Chairman, re-elected)
Peter Lytzen (Director, re-elected)
Ingvild Sæther (Director, re-elected)
Kathryn M. Baker (Director, re-elected)
Torstein Sanness (Director, new)

pdf 172405_Sevan_Marine_ASA-Minutes_AGM.pdf

*******

Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its cylindrical floater technology. 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:
Reese McNeel, CEO, Sevan Marine ASA
reese.mcneel@sevanmarine.com
+47 415 08 186

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.


Revised proposal from the Nomination Committee

Please find attached the revised proposal from the Nomination Committee.

 pdfTilleggsinnstilling-fra-valgkomiteen-18-may-2017_NOR

pdfRevised-proposal-from-the-Nomination-Committee-May-18-2017_ENG

*******

Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its cylindrical floater technology. 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:

Reese McNeel, CEO, Sevan Marine ASA
reese.mcneel@sevanmarine.com
+47 415 08 186

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.


Notice of Annual General Meeting

The Board of Directors of Sevan Marine ASA has convened the Annual General Meeting in Sevan Marine ASA on Wednesday 24 May 2017, at 10:00 a.m. (CET) at the Company’s offices in Verkstedveien 3, 0277 Oslo, Norway.

Attached as appendices to this announcement are (in Norwegian and translation into English):

– Notice of the Annual General Meeting

– Attendance slip and proxy form

– The Board’s proposal for the resolutions to be passed

– Proposal from the Nomination Committee

– Statement from the Board of Directors regarding determination of salary and other benefits for Senior Management

– Information to the shareholders regarding the Annual General Meeting

 pdf170503_Notice_materials_NOR_ENG

*******

Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its cylindrical floater technology. 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:
Reese McNeel, CEO, Sevan Marine ASA
href=”mailto:reese.mcneel@sevanmarine.com”>reese.mcneel@sevanmarine.com
+47 415 08 186

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.

General Meetings 2016

Minutes from Annual General Meeting

Sevan Marine ASA has today on May 25, 2016, held its Annual General Meeting. All the proposals from the Board of Directors to the General Meeting were approved. Attached to this announcement are the minutes of the Annual General Meeting in Norwegian and translation into English.

THE BOARD OF DIRECTORS
The shareholder-elected members to the Board of Directors, elected by the General Meeting for a period of one year, are:

Erling Øverland (Chairperson, new)
Peter Lytzen (Director, re-elected)
Ingvild Sæther (Director, re-elected)
Kjetil Sjursen (Director, reelected)
Kathryn M. Baker (Director, new)
B. Gisle Grønlie (Deputy Director, new)

Protokoll fra ordinær generalforsamling

Minutes of ordinary general 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 design, engineering and project execution of floating units for offshore applications, 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 more information please contact:

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

Reese McNeel, CFO, Sevan Marine ASA (Analysts)
+47 37 40 40 00 office


Revised Proposal from the Nomination Committee

Reference is made to the Stock Exchange notice of 23 May 2016 regarding Revised composition of the Board of Directors.

Please find attached the Revised Proposal from the Nomination Committee and the Curriculum Vitae.

Revised Proposal from the Nomination Committee

Curriculum Vitae Mr. Erling Øverland

* * * * * * * *

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, 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 more information please contact:
Mimi K. Berdal, Chairperson of the Nomination Committee
advokat@mimi.no
+47 908 92 442 mobile


Notice of Annual General Meeting

The Board of Directors of Sevan Marine ASA has convened the Annual General Meeting in Sevan Marine ASA on Wednesday 25 May 2016, at 10:00 a.m. (CET) at the Company’s offices in Verkstedveien 3, 0277 Oslo, Norway.

Attached as appendices to this announcement are (in Norwegian and translation into English):

pdfNotice of the Annual General Meeting

pdfAttendance form and power of attorney

pdfThe Board of Directors’ proposal for the resolutions to be passed

pdfProposal from the Nomination Committee

pdfStatement from the Board of Directors regarding determination of salary and other benefits for Senior Management

pdfInformation to the shareholders regarding the Annual General Meeting

Norwegian documents:

pdfInnkalling til ordinær generalforsamling

pdfMøteseddel/fullmaktsdokument

pdfStyrets forslag til vedtak

pdfInnstilling fra valgkomiteen

pdfErklæring om fastsettelse av lønn og annen godtgjørelse til ledende ansatte Informasjon til aksjonærene

pdfInformasjon til aksjonærene

*****

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, 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 more information please contact:
Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 37 40 40 00 office

Reese McNeel, CFO, Sevan Marine ASA (Analysts)
+47 37 40 40 00 office

General Meetings 2015

Minutes from Annual General Meeting

Sevan Marine ASA has today on May 21, 2015, held its Annual General Meeting. All the proposals from the Board of Directors to the General Meeting were approved. Attached to this announcement are the minutes of the Annual General Meeting in Norwegian and translation into English.

THE BOARD OF DIRECTORS
The shareholder-elected members to the Board of Directors, elected by the General Meeting for a period of one year, are:

Siri Hatlen (Chairperson, re-elected)
Jørgen P. Rasmussen (Deputy Chairperson, re-elected)
Mari Thjømøe (Director, re-elected)
Ingvild Sæther (Director, re -elected)
Peter Lytzen (Director, re-elected)
Kjetil Sjursen (Director, newly elected)

The new director, Kjetil Sjursen, holds a Master degree from the Norwegian School of Economics (NHH) and has extensive experience in financial consulting as well as knowledge of the oil & gas capital markets after more than 17 years in Pareto Securities. Today, Mr. Sjursen operates a private investment and consultancy business.

Protokoll fra ordinær generalforsamling

Minutes of ordinary general 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 design, engineering and project execution of floating units for offshore applications, 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 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

Reese McNeel, CFO, Sevan Marine ASA (Analysts)
+47 37 40 40 00 office


Notice of Annual General Meeting

The Board of Directors of Sevan Marine ASA has convened the Annual General Meeting in Sevan Marine ASA on Thursday 21 May 2015, at 09:00 a.m. (CET) at the Company’s offices in Verkstedveien 3, 0277 Oslo, Norway.

Attached as appendices to this announcement are (in Norwegian and translation into English):

Notice of the Annual General Meeting
Attendance form and power of attorney
The Board of Directors’ proposal for the resolutions to be passed
Proposal from the Nomination Committee
Statement from the Board of Directors regarding determination of salary and other benefits for Senior Management
Information to the shareholders regarding the Annual General Meeting

Norwegian documents:

Innkalling til ordinær generalforsamling
Møteseddel/fullmaktsdokument
Styrets forslag til vedtak
Innstilling fra valgkomiteen
Erklæring om fastsettelse av lønn og annen godtgjørelse til ledende ansatte Informasjon til aksjonærene
Informasjon til aksjonærene

The documents are also available at the web site of Sevan Marine ASA; www.sevanmarine.com.

***

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, 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 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

Reese McNeel, CFO, Sevan Marine ASA (Analysts)
+47 37 40 40 00 office

General Meetings 2014

Minutes from Annual General Meeting

Sevan Marine ASA has today on May 23, 2014, held its Annual General Meeting. All the proposals from the Board of Directors to the General Meeting were approved. Attached to this announcement are the minutes of the Annual General Meeting in Norwegian and translation into English.

THE BOARD OF DIRECTORS
The shareholder members to the Board of Directors, elected by the General Meeting for a period of one year, are:

Siri Hatlen (Chairperson, re-elected)
Jørgen P. Rasmussen (newly elected)
Mari Thjømøe (Director, re-elected)
Ingvild Sæther (Director, re-elected)
Peter Lytzen (Director, re-elected)

In addition, two Directors have been elected by and among the employees of Sevan Marine for a period of two years:

Hans Olav Sele – (Director – elected by the employees)
Sidsel Skagen – (Director – elected by the employees)
Mona M. Rødland – (Deputy Director for Hans Olav Sele)
Arne Lien Sødal – (Deputy Director for Sidsel Skagen)

Protokoll fra ordinaer generalforsamling

Minutes of ordinary general 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 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


Notice of Annual General Meeting

The Board of Directors of Sevan Marine ASA has convened the Annual General Meeting in Sevan Marine ASA on Friday 23 May 2014, at 12:00 noon (CET) at the Company’s offices at Kittelsbuktveien 5, Arendal, Norway.

The agenda of the Annual General Meeting is as follows:

    1. Opening of the General Meeting by the Chairperson of the Board of Directors. Registration of attending shareholders.
    2. Election of the chairperson of the meeting. The Board of Directors has proposed that the meeting is chaired by the Chairperson of the Board of Directors.
    3. Election of a person to sign the minutes together with the chairperson of the meeting.
    4. Approval of the notice for the meeting and the agenda.
    5. Information about the Company’s operations.
    6. Approval of the annual financial statements for the Parent Company and the Group for the financial year 2013, and the Board of
    7. Director’s report. The Board of Directors proposes that a dividend of NOK 1.20 per share is paid for the financial year 2013.
      The share will be traded ex. dividend on the Oslo Stock Exchange from and including 26 May 2014. Dividend will be paid on or about 4 June 2014, to the bank account registered on the relevant shareholder’s securities depository (VPS) account.
      Statement from the Board of Directors regarding determination of salary and other benefits for Senior Management.
    8. Determination of the remuneration to the members of the Board of Directors, the Audit Committee and the Compensation Committee for the foregoing period.
    9. Determination of the remuneration to the members of the Board of Directors, the Audit Committee and the Compensation Committee for the upcoming period.
    10. Determination of the remuneration to the members of the Nomination Committee.
    11. Approval of the remuneration to the auditor for 2013.
    12. Election of members to the Board of Directors.
    13. Election of members to the Nomination Committee.
    14. Authorization to the Board of Directors to increase the share capital in connection with incentive scheme for employees.

The notice of the General Meeting will be sent to all shareholders with known address.

The notice, the Board of Director’s proposals to the resolutions to be passed at the general meeting, other documentation regarding the matters to be considered, the proposal from the nomination committee and further information about the shareholders’ rights regarding the General Meeting are available at the web site of Sevan Marine ASA; www.sevanmarine.com. The documents in respect of the matters to be considered at the General Meeting may also be obtained, free of charge, by contacting the Company’s Investor Relations Coordinator; Leif Gerhard Andersen jr. (tel: +47 37 40 40 00, e-mail: ir@sevanmarine.com).

Attached as appendices to this announcement are (in Norwegian and translation into English):

Notice of the Annual General Meeting
Attendance form and power of attorney
The Board of Directors’ proposal for the resolutions to be passed
Proposal from the Nomination Committee
Information to the shareholders regarding the Annual General Meeting

Norwegian documents:

Innkalling til ordinær generalforsamling
Møteseddel/fullmaktsdokument
Styrets forslag til vedtak
Innstilling fra valgkomiteen
Informasjon til aksjonærene

As at the date hereof, the Company has issued 52,606,999 shares. Each share carries one vote at the General Meeting. The Articles of Association do not include any voting restrictions.
Shareholders who wish to attend the General Meeting are requested to notify the Company within 21 May 2014, 5.00 p.m. (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Power of attorney may be given to the Chairperson of the Board of Directors; Siri Hatlen, or to the CEO; Carl Lieungh.

Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting. Such proposals may be sent to the Company by e-mail to ir@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Annual General Meeting Sevan Marine ASA 2014”.

***

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

General Meetings 2013

Minutes Extraordinary General Meeting

Sevan Marine ASA has today on September 26, 2013, held an Extraordinary General Meeting. All the proposals from the Board of Directors to General Meeting were approved.
Ingvild Sæther was elected as new director of the Company’s Board of Directors, replacing Lars Ola Tan Almås.

MINUTES
Attached as appendix to this announcement are the minutes of the Extraordinary General Meeting in Norwegian and translation into English. The minutes have also been posted on the Company’s web-site: www.sevanmarine.com.

 4279908_1_Protokoll_EGF_260913_engelsk.pdf

 4279878_1_Protokoll_EGF_260913_norsk.pdf 

***
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


Notice of Extraordinary General Meeting

The Board of Directors of Sevan Marine ASA has convened an Extraordinary General Meeting in Sevan Marine ASA on Thursday 26 September 2013, at 10.00 a.m. (CET) at the Company’s premises at Drammensveien 134, Building 5 in Oslo, Norway.

The agenda of the Extraordinary General Meeting is as follows:
1.    Opening of the General Meeting by the Chairperson of the Board of Directors. Registration of attending shareholders.

2.    Election of the chairperson of the meeting. The Board of Directors has proposed that the meeting is chaired by the Chairperson of the Board of Directors.

3.    Election of a person to sign the minutes together with the chairperson of the meeting.

4.    Approval of the notice for meeting and the agenda.

5.    Election of new member to the Board of Directors and the Nomination Committee.

The notice of the General Meeting will be sent to all shareholders with known address.

The notice, the Board of Director’s proposals to the resolutions to be passed at the general meeting, other documentation regarding the matters to be considered, the proposal from the nomination committee and further information about the shareholders’ rights regarding the General Meeting are available at the web site of Sevan Marine ASA; www.sevanmarine.com. The documents in respect of the matters to be considered at the General Meeting may also be obtained, free of charge, by contacting the Company’s Investor Relations Coordinator; Leif Gerhard Andersen jr. (tel: +47 37 40 40 00, e-mail: ir@sevanmarine.com).

Attached as appendices to this announcement are (in Norwegian and translation into English):
Notice of the Extraordinary General Meeting
The Board of Directors’ proposal for the resolutions to be passed
Form for attendance and power of attorney
Information to the shareholders regarding the Extraordinary General Meeting
Proposal from the Nomination Committee

Norwegian documents:

Innkalling til ordinær generalforsamling
Styrets forslag til vedtak
Møteseddel/fullmaktsdokument
Informasjon til aksjonærene
Innstilling fra valgkomiteen

As at the date hereof, the Company has issued 52,606,999 shares. Each share carries one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Shareholders who wish to attend the General Meeting are requested to notify the Company within 24 September 2013, at 5.00 p.m. (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Power of attorney may be given to the Chairman of the Board of Directors; Siri Hatlen, or to the CEO; Carl Lieungh.

Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting. Such proposals may be sent to the Company by e-mail to ir@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Extraordinary General Meeting Sevan Marine ASA 2013”.

***

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


Minutes from Ordinary General Meeting

Sevan Marine ASA has today on May 24, 2013, held its Ordinary General Meeting. All the proposals from the Board of Directors to General Meeting were approved.

THE BOARD OF DIRECTORS
The shareholder elected members to the Board of Directors are:
Siri Hatlen (Chairperson, re-elected)
Mari Thjømøe (Director, re-elected)
Lars Ola Tan Almås (Director, re -elected)]
Peter Lytzen (Director, re- elected)

CHANGE OF AUDITOR
Ernst & Young AS is elected as new auditor for the Company, with effect from 1 July 2013.
MINUTES

Attached as appendix to this announcement are the minutes of Ordinary General Meeting in Norwegian and translation into English. The minutes have also been posted on the Company’s web-site: www.sevanmarine.com.

 Protokoll fra ordinær generalforsamling

 Minutes of ordinary general meeting 2013

***
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


Notice for Ordinary General Meeting

The Board of Directors of Sevan Marine ASA has convened the Ordinary General Meeting in Sevan Marine ASA on Friday 24 May 2013, at 12.00 noon (CET) at the Company’s offices at Kittelsbuktveien 5, Arendal, Norway.

The agenda of the Ordinary General Meeting is as follows:

  1. Opening of the General Meeting by the Chairperson of the Board of Directors. Registration of attending shareholders.
  2. Election of the chairperson of the meeting. The Board of Directors has proposed that the meeting is chaired by the Chairperson of the Board of Directors.
  3. Election of a person to sign the minutes together with the chairperson of the meeting.
  4. Approval of the notice for meeting and the agenda.
  5. Information on the Company’s operations.
  6. Approval of the annual financial statements for the Parent Company and the Group for the financial year 2012, and the Board of Director’s report.
  7. Statement from the Board of Directors regarding determination of salary and other benefits for Senior Management.
  8. Determination of the remuneration to the members of the Board of Directors, the Compensation Committee, the Audit Committee and the Nomination Committee.
  9. Approval of the remuneration to the auditor for 2012.
  10. Amendments to the Company’s Articles of Association.
  11. Election of members of the Board of Directors and the Nomination Committee.
  12. Change of auditor.

The notice of the General Meeting will be sent to all shareholders with known address.

The notice, the Board of Director’s proposals to the resolutions to be passed at the general meeting, other documentation regarding the matters to be considered, the proposal from the nomination committee and further information about the shareholders’ rights regarding the General Meeting are available at the web site of Sevan Marine ASA; www.sevanmarine.com. The documents in respect of the matters to be considered at the General Meeting may also be obtained, free of charge, by contacting the Company’s Investor Relations Coordinator; Leif Gerhard Andersen jr. (tel: +47 37 40 40 00, e-mail: ir@sevanmarine.com).

Attached as appendices to this announcement are (in Norwegian and translation into English):

Notice for the Ordinary General Meeting
The Board of Directors’ proposal for the resolutions to be passed
Form for attendance and power of attorney
Information to the shareholders regarding the Ordinary General Meeting
Proposal from the Nomination Committee

Norwegian documents:

Innkalling til ordinær generalforsamling
Møteseddel/fullmaktsdokument
Styrets forslag til vedtak
Informasjon til aksjonærene
Innstilling fra valgkomiteen

As at the date hereof, the Company has issued 52,606,999 shares. Each share carries one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Shareholders who wish to attend the General Meeting are requested to notify the Company within 22 May 2013, at 5.00 p.m. (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Power of attorney may be given to the Chairman of the Board of Directors; Siri Hatlen, or to the CEO; Carl Lieungh.

Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting. Such proposals may be sent to the Company by e-mail to ir@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Ordinary General Meeting Sevan Marine ASA 2013”.

***

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

General Meetings 2012

Minutes Ordinary General Meeting

Sevan Marine ASA has today on May 25, 2012, held its Ordinary General Meeting. All the proposals from the Board of Directors to the General Meeting were approved.

The Board of Directors

The shareholder elected members to the Board of Directors are:

Siri Hatlen (Chairperson, re-elected)
Mari Thjømøe (Director, re-elected)
Lars Ola Tan Almås (Director, re -elected)
Peter Lytzen (Director, re- elected)

In addition two Directors are elected by and among the employees of the Sevan Marine Group:

Kari Berte Daasvatn Bye – (Board Member – elected by the employees)
Alf Reidar Sandstad – (Board Member – elected by the employees)
Sidsel Skagen – (Deputy Director for Kari Berte Daasvatn Bye)
Einar Bernt Glomnes – (Deputy Director for Alf Reidar Sandstad)

Authorisations

The Board of Directors is authorized to increase the share capital up to NOK 969,024 distributed on 242,256 new shares in connection with the company’s stock option programme.

Minutes

Attached as appendix to this announcement are the minutes of Ordinary General Meeting in Norwegian and translation into English. The minutes have also been posted on the Company’s web-site; www.sevanmarine.com.

Minutes of ordinary general meeting

Protokoll fra ordinaer generalforsamliing

****

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


Proposal from the Nomination Committee

The Ordinary General Meeting of Sevan Marine ASA has been scheduled for 25 May 2012.

The agenda for the Ordinary General Meeting includes, amongst other things, the election of the Board of Directors. Attached as an appendix to this announcement is the proposal from the Nomination Committee to the shareholders in this respect, in Norwegian and translation into English.

 Valgkomiteens innstilling

 Proposal from the Nomination Commitee

****

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


Notice of Ordinary General Meeting

The Board of Directors of Sevan Marine ASA has convened the Ordinary General Meeting in Sevan Marine ASA on Thursday May 25, 2012, at 1.00 p.m. (CET) at the Company’s offices at Kittelsbuktveien 5, Arendal, Norway.

Agenda for the Ordinary General Meeting:

  1. Opening of the General Meeting by the Chairperson of the Board of Directors. Registration of attending shareholders
  2. Election of the chairperson of the meeting. The Board of Directors proposes that the meeting is chaired by the Chairperson of the Board of Directors
  3. Election of one person to sign the minutes together with the chairperson of the meeting
  4. Approval of the notice for meeting and the agenda
  5. Information on the Company’s operations
  6. Approval of the annual financial accounts for the parent Company and the Group for the financial year 2011, and the Board of Directors’ report
  7. Determination of the remuneration of the Board of Directors, the Audit Committee and the Nomination Committee
  8. Approval of remuneration of the auditor for the financial year 2011, including a briefing from the Board with regards to the distribution of remuneration of auditing and other services
  9. Election of Directors and members of the Nomination Committee
  10. Statement from the Board of Directors regarding establishment of salary and other benefits for senior management in Sevan Marine
  11. Authorizations to the Board of Directors to increase the share capital
    11.1 Withdrawal of existing authorizations to increase the share capital
    11.2 Authorization to increase the share capital in connection to employee stock option programme
  12. Amendment to the Articles of Association.

The Board of Directors proposes that the General Meeting passes the following resolution:

“The second sentence in § 5 of the Articles of Association shall be amended to read:

Two board members jointly or the CEO and one board member jointly hold the signature provisions.”

The Notice of the General Meeting will be sent to all shareholders with known address.

This notice, information to the shareholders regarding the General Meeting and the documents in respect of the matters to be considered at the General Meeting are available at the web site of Sevan Marine ASA; www.sevanmarine.com. The documents in respect of the matters to be considered at the General Meeting may also be obtained, free of charge, by contacting the Company’s Investor Relations Coordinator; Leif Gerhard Andersen jr. (tel: +47 37 40 40 00, e-mail: IR@sevanmarine.com).

Attached as appendices to this announcement are (in Norwegian and translation into English):

Notice of the Ordinary General Meeting
 Attendance form/power of attorney
 The Board of Director’s reasoning and proposal for the resolutions to be passed
 Information to the shareholders regarding the Ordinary General Meeting
 Annual Report 2011

Norwegian documents:

 Innkalling til ordinær generalforsamling
 Møteseddel/fullmaktsdokument
 Styrets forslag til vedtak
 Informasjon til aksjonærene

As of today, the Company has issued 52,606,999 shares. All shares carry one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Shareholders who wish to attend the General Meeting are requested to notify the Company within May 23, 2012, at 5.00 p.m. (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Power of attorney may be given to the Chairman of the Board of Directors; Siri Hatlen, or to the CEO; Carl Lieungh.

Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting. Such proposals may be sent to the Company by e-mail to IR@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Ordinary General Meeting Sevan Marine ASA 2012”.

*****

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

General Meetings 2011

Minutes Extraordinary General Meeting

Sevan Marine ASA has today on November 14, 2011, held an Extraordinary General Meeting.

The proposed restructuring was approved.

Attached as appendix to this announcement are the minutes of Extraordinary General Meeting in Norwegian and translation into English. The minutes have been posted on the Company’s web-site: www.sevanmarine.com.

 Minutes EGM Sevan Marine ASA

 Protokoll EGF Sevan Marine ASA

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, 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:

Marit Ytreeide, Press Contact (Media)
+47 901 28 208 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 37404000 office
+47 91664720 mobile

Reese McNeel, CFO, Sevan Marine ASA (Analysts)
+47 374 04 000 office
+47 916 64 720 mobile


Interim Balance

This is not an interim balance sheet of the consolidated Sevan Marine Group. The Q3 financial report for Sevan Marine Group will be release on November 9, 2011 as previously announced.

Reference is made to the Notice for an Extraordinary General Meeting in Sevan Marine ASA, to be held on Monday November 14, 2011, at 17.00 p.m. (CET) at Thon Hotel Vika Atrium, Munkedamsveien 45, Oslo and the Agenda for the Meeting, item 6: Approval of the Interim Balance.

As part of the proposed restructuring of Sevan Marine Group the nominal share value of Sevan Marine ASA (the ultimate parent company of the Sevan Marine Group) has to be reduced in order for the new investors to obtain their agreed ownership share through the planned capital increases.

The nominal share value, and so the share capital of Sevan Marine ASA, can be reduced in order to cover uncovered losses in equity (negative equity) on the basis of an audited interim balance sheet of Sevan Marine ASA, which will in this case be a substitute for the regular procedure of two months’ notice to the creditors of the Company.

The interim balance of Sevan Marine ASA as of September 30, 2011 has been approved by the Board of Directors and audited by the Company’s auditors PricewaterhouseCoopers. The interim balance is attached in Norwegian and English language versions.

For further information on the restructuring please refer to:

  • The Notification to Oslo Stock Exchange of October 18, 2011 regarding the Agreement for financial restructuring and industrial partnership; and
  • The Notice of October 24, 2011 for the Extraordinary General Meeting.

Mellombalanse

Interim Balance

*****
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, 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.

Marit Ytreeide, Press Contact (Media)
+47 901 28 308 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 374 04 000 office
+47 916 64 720 mobile

Reese McNeel, CFO, Sevan Marine ASA (Analysts)
+47 46 81 27 15 mobile


Proposal from the Nomination Committee

Reference is made to the notice for an Extraordinary General Meeting to be held on Monday November 14, 2011, at 17.00 p.m. (CET) at Thon Hotel Vika Atrium, Munkedamsveien 45, Oslo.

The Nomination Committee has issued their proposal for Changes to the Board of Directors, elections of members to the Nomination Committee and remuneration to Directors. Reference is made to item 12 of the agenda for the General Meeting.

Attached as an appendix to this announcement is the proposal from the Nomination Committee to the shareholders in Norwegian and English language.

Innstilling fra valgkomiteen i Sevan Marine ASA

Proposal from the Nomination Committee of Sevan Marine ASA

****

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, 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: 

Tom Ruud, Chairman of Nomination Committee
+47 993 31 617

Marit Ytreeide, Press Contact (Media)
+47 901 28 308 mobile


Notice for Extraordinary General Meeting

The Board of Directors of Sevan Marine ASA has convened an Extraordinary General Meeting in Sevan Marine ASA on Monday November 14, 2011, at 17.00 p.m. (CET) at Thon Hotel Vika Atrium, Munkedamsveien 45, Oslo.

Agenda for the Extraordinary General Meeting:

  1. Opening of the General Meeting by the Chairman of the Board of Directors. Registration of attending shareholders.
  2. Election of the chairman of the meeting and person to sign the minutes in collaboration with the chairman of the meeting
  3. Approval of the notice of the meeting and the agenda
  4. Approval of the FPSO Transactions and settlement of bonds
  5. Approval of cooperation and service agreements with Teekay Corporation
  6. Approval of the interim balance sheet
  7. Reduction of the share premium reserve and share capital to cover losses
  8. Share capital increase in connection with directed share issue to Teekay Corporation
  9. Reverse split of the Company’s shares
  10. Share capital increase in connection with the Unsecured Bond conversion
  11. Share capital increase with allocation preferences for Eligible Shareholders and Eligible Bondholders
  12. Change of the Board of Directors, elections of members to Nomination Committee and remuneration to Directors

The Extraordinary General Meeting is convened by the Board of Directors in accordance with section 5-7 (1) of the Norwegian Public Limited Companies Act.

The Notice of the General Meeting will be sent to all shareholders with known address.

Attached as appendices to this announcement are (in Norwegian and translation into English):

– Notice of the Extraordinary General Meeting
– Statement from Kjelstrup & Wiggen regarding the right to settle the share contribution in Unsecured Bond conversion by way of set-off
– The Board of Director’s reasoning and proposal for the resolutions to be passed
– Attendance and proxy forms
– Information to the shareholders regarding the Extraordinary General Meeting

Norwegian documents:

– Innkalling til ekstraordinær generalforsamling
– Redegjørelse fra Kjelstrup & Wiggen vedrørende retten til å gjøre opp akskjeinnskuddet i gjeldskonverteringen ved motregning 
– Møteseddel/fullmaktsdokument 
– Styrets forslag til vedtak 
– Informasjon til aksjonærene

****

This notice, information to the shareholders regarding the General Meeting and the documents in respect of the matters to be considered at the General Meeting are available at the web site of Sevan Marine ASA; www.sevanmarine.com. The documents in respect of the matters to be considered at the General Meeting may also be obtained, free of charge, by contacting the Company’s Investor Relations Coordinator; Christine Gran Morland (tel: +47 37 40 40 00, e-mail: IR@sevanmarine.com).

As of today, the Company has issued 526,069,982 shares. All shares carry one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Shareholders who wish to attend the General Meeting are requested to notify the Company within Thursday November 10, 2011, at 14.00 p.m. (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Proxy may be given to the Chairman of the Board of Directors, Jens Ulltveit-Moe, or to the CEO, Carl Lieungh.

Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting. Such proposals may be sent to the Company by e-mail to IR@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Extraordinary General Meeting Sevan Marine ASA November 14, 2011”.

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:

Marit Ytreeide, Press Contact (Media)
+47 901 28 308 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 374 04 000 office
+47 916 64 720 mobile

Birte Norheim, VP Finance, Sevan Marine ASA (Analysts)
+47 374 04 201 office
+47 952 93 321 mobile


Minutes Extraordinary General Meeting

Sevan Marine ASA has today on June 22, 2011, held an Extraordinary General Meeting.

All proposals to the General Meeting were approved.

 THE BOARD OF DIRECTORS

The Board of Directors shall consist of the following shareholder elected Directors, all elected for a term until the Ordinary General Meeting in 2013:

Jens Ulltveit-Moe, Chairman
Arne Smedal, Vice Chairman
Tom Ruud
Mari Thjømøe
Siri B. Hatlen

In addition, two Directors have previously been elected by and amongst the employees of the Sevan Marine Group:

Jorunn Haugen – (Director – elected by the employees)
Jørgen Skotnes – (Director – elected by the employees)
Ann Kristin Nielsen – (Deputy Director for Jorunn Haugen)
Morten Ileby – (Deputy Director for Jørgen Skotnes)

MINUTES

Attached as appendix to this announcement are the minutes of Extraordinary General Meeting in Norwegian and translation into English. The minutes have been posted on the Company’s web-site; www.sevanmarine.com.

Minutes General Meeting

Protokoll fra generalforsamling

*****

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, 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:

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 37404000 office
+47 91664720 mobile

Birte Norheim, VP Finance, Sevan Marine ASA (Analysts) 
+47 37404201 office 
+47 95293321 mobile
 


Proposal for resolution EGM

Sevan Marine ASA has received a proposal for resolution from a shareholder regarding item 5 in the Notice for Extraordinary General Meeting; “Changes to the composition of the Board of Directors”.

Shareholder Bjørn Johnsen holds 39,200 shares in the Company and the proposal is as follows: Request for resignation of Arne Smedal as Director of the Board of Directors.


Proposal from the Nomination Committee

The agenda for the Extraordinary General Meeting of Sevan Marine ASA scheduled for June 22, 2011, will, amongst others, include the election of the Board of Directors. Attached as an appendix to this announcement is the proposal from the Nomination Committee to the shareholders in this respect, in Norwegian and translation into English.

Proposal from the nomination commitee

Valgkomiteens innstilling

*****

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, 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:

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 37404000 office
+47 91664720 mobile

Birte Norheim, VP Finance, Sevan Marine ASA (Analysts) 
+47 37404201 office 
+47 95293321 mobile


Notice for Extraordinary General Meeting

The Board of Directors of Sevan Marine ASA has convened an Extraordinary General Meeting in Sevan Marine ASA on Wednesday June 22, 2011, at 5.00 p.m. (CEST) at the Company’s offices at Kittelsbuktveien 5, Arendal, Norway.

Agenda for the Extraordinary General Meeting:

  1. Opening of the General Meeting by the Chairman of the Board of Directors. Registration of attending shareholders
  2. Election of the chairman of the meeting. The Board of Directors proposes that the meeting is chaired by the Chairman of the Board of Directors
  3. Election of one person to sign the minutes together with the chairman of the meeting.
  4. Approval of the notice for meeting and the agenda
  5. Changes to the composition of the Board of Directors
  6. Changes to the composition of the Nomination Committee

The Extraordinary General Meeting is convened upon demand from a shareholder in accordance with section 5-7(2) of the Norwegian Public Limited Companies Act.
The Notice of the General Meeting will be sent to all shareholders with known address.

Attached as appendices to this announcement are (in Norwegian and translation into English):

Notice of the Extraordinary General Meeting
Attendance form/power of attorney
The Board of Director’s reasoning and proposal for the resolutions to be passed
Information to the shareholders regarding the Extraordinary General Meeting

Norwegian documents:

Innkalling til ekstraordinær generalforsamling
Møteseddel/fullmaktsdokument
Styrets forslag til vedtak
Informasjon til aksjonærene

***
This notice, information to the shareholders regarding the General Meeting and the documents in respect of the matters to be considered at the General Meeting are available at the web site of Sevan Marine ASA; www.sevanmarine.com. The documents in respect of the matters to be considered at the General Meeting may also be obtained, free of charge, by contacting the Company’s Investor Relations Coordinator; Christine Gran Morland (tel: +47 37 40 40 00, e-mail: IR@sevanmarine.com).

As of today, the Company has issued 526,069,982 shares. All shares carry one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Shareholders who wish to attend the General Meeting are requested to notify the Company within June 20, 2011, at 5.00 p.m. (CEST) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Power of attorney may be given to the Chairman of the Board of Directors; Arne Smedal.

Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting. Such proposals may be sent to the Company by e-mail to IR@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Extraordinary General Meeting Sevan Marine ASA June 22, 2011”.

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, based on its patented cylindrical floater technology. Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN.

For further information, please contact:

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 37404000 office
+47 91664720 mobile

Birte Norheim, VP Finance, Sevan Marine ASA (Analysts)
+47 37404201 office
+47 95293321 mobile


Minutes of Ordinary General Meeting

Sevan Marine ASA has today on April 28, 2011, held its Ordinary General Meeting. All proposals from the Board of Directors to General Meeting were approved, with exception of item 16 regarding notice period for Extraordinary General Meetings.

THE BOARD OF DIRECTORS

The shareholder elected members to the Board of Directors consist of:

Arne Smedal, Chairman (for an election period of one year)
Gunnar Reitan, Vice Chairman (for an election period of two years)
Anette Malm Justad, Board member (for an election period of two years)
Stig H. Christiansen, Board member, (for an election period of two years)
Mari Thjømøe, Board member, (for an election period of two years)
Åse Koll Lunde, Board member, (for an election period of two years)
Jan Erik Tveteraas, Board member, (for an election period of two years)
In addition two Directors are elected by and among the employees of the Sevan Marine Group. The Directors elected by the employees were appointed in 2009 and are:

Jorunn Haugen – (Director – elected by the employees)
Jørgen Skotnes – (Director – elected by the employees)
Ann Kristin Nielsen – (Deputy Director for Jorunn Haugen)
Morten Ileby – (Deputy Director for Jørgen Skotnes)

AUTHORISATIONS

New shares, financing
The Board of Directors is authorized to issue up to 52,606,998 new shares to part finance capital requirements of the Company, including capital requirements related to engineering, construction, equipment and/or operations of Sevan units and acquisition of enterprises

Share options
The Board of Directors is authorized to allocate up to 5,875,000 new share options to employees.

New shares, employees
The Board of Directors is authorized to issue up to 24,225,641 new shares in connection with stock options and bonus programme.

Treasury shares
The Board of Directors is authorized to acquire up to 52,606,998 treasury shares.

Convertible loans
The Board of Directors is authorized to obtain convertible loans in the aggregate amount of up to USD 200,000,000 which can be converted into up to 52,606,998 shares.

MINUTES
Attached as appendix to this announcement are the minutes of Ordinary General Meeting in Norwegian and translation into English. The minutes have been posted on the Company’s web-site; www.sevanmarine.com.

Minutes of Ordinary General Meeting
Protokoll fra ordinær generalforsamling

*****

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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:

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 37404000 office
+47 91664720 mobile

Birte Norheim, VP Finance, Sevan Marine ASA (Analysts)
+47 37404201 office
+47 95293321 mobile

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.


Proposal from the Nomination Committee

The Ordinary General Meeting of Sevan Marine ASA has been scheduled for April 28, 2011.

The agenda will, amongst others, include the election of the Board of Directors. Attached as an appendix to this announcement is the proposal from the Nomination Committee to the shareholders in this respect, in Norwegian and translation into English.

Proposal from the nomination commitee
Valgkomiteens innstilling

***

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 Drilling ASA (Media)
+47 37404000 office
+47 95214925 mobile

Birte Norheim, VP Finance, Sevan Marine ASA (Analysts)
+47 37404201 office
+47 95293321 mobile


Notice of Ordinary General Meeting

The Board of Directors of Sevan Marine ASA has convened the OrdinaryGeneral Meeting in Sevan Marine ASA on Thursday April 28, 2011, at 5.00 p.m. (CET) at the Company’s offices at Kittelsbuktveien 5, Arendal, Norway.

Agenda for the Ordinary General Meeting:

  1. Opening of the General Meeting by the Chairman of the Board of Directors. Registration of attending shareholders
  2. Election of the chairman of the meeting. The Board of Directors proposes that the meeting is chaired by the Chairman of the Board of Directors
  3. Election of one person to sign the minutes together with the chairman of the meeting
  4. Approval of the notice for meeting and the agenda
  5. Information on the Company’s operations
  6. Approval of the annual financial accounts for the parent Company and the Group for the financial year 2010, and the Board of Directors’ report
  7. Determination of the remuneration of the Board of Directors, the Audit Committee and the Nomination Committee
  8. Approval of remuneration of the auditor for the financial year 2010, including a briefing from the Board with regards to the distribution of remuneration of auditing and other services
  9. Election of Directors
  10. Statement from the Board of Directors regarding establishment of salary and other benefits for senior management in Sevan Marine
  11. Authorizations to the Board of Directors to increase the share capital
    11.1 Withdrawal of existing authorizations to increase the share capital
    11.2 Authorization to increase the share capital to part finance capital requirements of the Company, including those relating to engineering, construction, equipment and/or operations of Sevan units as well as in relation to acquisition of enterprises
    11.3 Authorization to increase the share capital in connection to employee stock option programmes and scope of stock option allocation
  12. Authorization to the Board of Directors to acquire treasury shares
  13. Authorization to the Board of Directors to issue convertible loans
  14. Amendment to the Articles of Association. The Board of Directors proposes that the General Meeting passes the following resolution:§ 4 of the Articles of Association shall be amended by deletion of the last sentence of § 4.
    § 7 of the Articles of Association shall be amended by replacing the first paragraph of § 7 with the following new first paragraph of § 7.The Company shall have a Nomination Committee comprising of three members elected by the General Meeting. The General Meeting elects the Chairman of the Nomination Committee. One of the members of the Nomination Committee shall be a member of the Board of Directors. The members of the Nomination Committee shall be elected for terms of up to two years.
  15. Guidelines for the Nomination Committee
  16. Notice period for Extraordinary General Meetings

The Notice of the General Meeting will be sent to all shareholders with known address.

This notice, information to the shareholders regarding the General Meeting and the documents in respect of the matters to be considered at the General Meeting are available at the web site of Sevan Marine ASA; www.sevanmarine.com. The documents in respect of the matters to be considered at the General Meeting may also be obtained, free of charge, by contacting the Company’s Investor Relations Coordinator; Christine Gran Morland (tel: +47 37 40 40 00, e-mail: IR@sevanmarine.com). of today, the Company has issued 526,069,982 shares. All shares carry one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Attached as appendices to this announcement are (in Norwegian and translation into English):

Notice of the Ordinary General Meeting
Attendance form/power of attorney
The Board of Director’s reasoning and proposal for the resolutions to be passed
Information to the shareholders regarding the Ordinary General Meeting
Annual Report 2010.pdf

Norwegian documents:

Innkalling til ordinær generalforsamling
Møteseddel/fullmaktsdokument
Styrets forslag til vedtak
Informasjon til aksjonærene
Årsrapport 2010

As of today, the Company has issued 526,069,982 shares. All shares carry one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Shareholders who wish to attend the General Meeting are requested to notify the Company within April 26, 2011, at 5.00 p.m. (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Power of attorney may be given to the Chairman of the Board of Directors; Arne Smedal, or to the CEO; Jan Erik Tveteraas.

Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting. Such proposals may be sent to the Company by e-mail to IR@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Ordinary General Meeting Sevan Marine ASA 2011”.

****

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


Notice to the shareholders in Sevan Marine ASA from the Nomination Committee

Sevan Marine ASA (the “Company”) has announced that the annual shareholders’ meeting of the Company (the “AGM”) will be held on April 15, 2011. Amongst other issues, election of Directors to the Board of Directors (the “Board”) and members to the Nomination Committee (the “Committee”) will be on the agenda.

The Board
According to the articles of association of the Company, the Board shall consist of 5 to 9 Directors, of whom 2 Directors shall be elected by and amongst the employees of the Sevan group of companies. Said two Directors are elected pursuant to separate procedures according to law, and therefore do not fall within the scope of the tasks of the Committee.

The Board currently consists of 8 Directors, whereof 6 are elected by the shareholders. The Directors elected by the shareholders are Arne Smedal (Chairman), Hilde Drønen (Deputy Chairman), Kåre Syvertsen, Stephan Zeppelin, Mai-Lill Ibsen and Aasulv Tveitereid. At the AGM in 2010, a total of 7 Directors were elected by the shareholders. One of these Directors resigned from the Board in 2010 for personal reasons. It is the consideration of the Nomination Committee that the number of Directors preferably should be reduced, and the Committee thus intends to propose to the AGM that the new Board shall consist of 5 Directors elected by the shareholders, all of which shall be elected at the AGM on April 15, 2011. In accordance with the Joint Stock Public act, this will require that 3 Directors be of one gender, and the remaining 2 Directors of the opposite gender.

With the support from all Directors, the Committee intends to make an open and wide search for potential candidates with the aim of presenting a good and suitable proposal prior to the AGM, taking into account the desired combination within a Board of complementary skills, experience and industry knowledge, as well as the need to satisfy particular committee requirements (such as the audit committee). The Committee has engaged Mercuri Urval to assist in this work.

The Committee
The service term for the Committee members Mimi K. Berdal and Christel Borge expires at the forthcoming AGM. According to the prevailing Articles of Association of the Company, the Chairman of the Board shall act as Chairman of the Committee. Thus, the AGM shall elect the two independent Committee members, in addition to all Directors of the Board.

Proposals
The Committee will appreciate to receive any views or suggestions the shareholders may have as to the composition of the Board and the Committee, including any individual candidates they might like to introduce for consideration.

Please contact any of the undersigned by e-mail of any such views or names no later than by March 1, 2011.

Arendal/Oslo
February 10, 2011

The Nomination Committee

Arne Smedal    asm@sevanmarine.com
Christel Borge    christel.borge@telenor.com
Mimi K. Berdal              advokat@mimi.no
Mercuri Urval/Svein Olsen  svein.olsen@mercuriurval.com

****

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

General Meetings 2010

Minutes Extraordinary General Meeting

Sevan Marine ASA has today on May 31, 2010, held its Ordinary General Meeting. All the proposals from the Board of Directors to General Meeting were approved.

THE BOARD OF DIRECTORS

The shareholder elected members to the Board of Directors consist of:

Arne Smedal (Chairman, re-elected)
Hilde Drønen (Director, re-elected)
Mai-Lill Ibsen (new Director)
May Britt Myhr (new Director)
Aasulv Tveitereid (new Director)
Kåre Syvertsen (Director)
Stephan M. Zeppelin (Director)

In addition two Directors are elected by and among the employees of the Sevan Marine Group. The Directors elected by the employees were appointed in 2009 and are:

Jorunn Haugen – (Board Member – elected by the employees)
Jørgen Skotnes – (Board Member – elected by the employees)
Ann Kristin Nielsen – (Deputy Director for Jorunn Haugen)
Morten Ileby – (Deputy Director for Jørgen Skotnes)

AUTHORISATIONS

New shares, financing
The Board of Directors is authorized to issue up to 52,606,998 new shares to part finance capital requirements of the Company, including capital requirements related to engineering, construction, equipment and/or operations of Sevan units and acquisition of enterprises.

Share options
The Board of Directors is authorized to allocate up to 6,325,000 new share options to employees.

New shares, employees
The Board of Directors is authorized to issue up to 26,185,487 new shares in connection with stock options and bonus programme.

Treasury shares
The Board of Directors is authorized to acquire up to 52,606,998 treasury shares.

Convertible loans
The Board of Directors is authorized to obtain convertible loans in the aggregate amount of up to USD 200,000,000 which can be converted into up to 52,606,998 shares.

MINUTES

Attached as appendix to this announcement are the minutes of Ordinary General Meeting in Norwegian and translation into English. The minutes have been posted on the Company’s web-site; www.sevanmarine.com.

Minutes of Ordinary General Meeting
Protokoll fra ordinær Generalforsamling

*****

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, 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


Notice for Ordinary General Meeting

The Board of Directors of Sevan Marine ASA has convened an Ordinary General Meeting in Sevan Marine ASA on May 31, 2010, at 17.00 p.m. (CET) at the Company’s offices as Kittelsbuktveien 5, Arendal, Norway.

1.       Opening of the General Meeting by the Chairman of the Board of Directors. Registration of attending shareholders
2.       Election of the chairman of the meeting
3.       Election of one person to sign the minutes together with the chairman of the meeting
4.       Approval of the notice for meeting and the agenda
5.       Information on the Company’s operations
6.       Approval of the annual financial accounts for the parent Company and the Group for the financial year 2009, and the Board of Directors’ report
7.       Determination of the remuneration of the Board of Directors, the Audit Committee and the Nomination Committee
8.       Approval of remuneration of the auditor for the financial year 2009, including a briefing from the Board with regards to the distribution of remuneration of auditing and other services
9.       Election of Directors
10.     Statement from the Board of Directors regarding establishment of salary and other benefits for senior management in Sevan Marine
11.     Authorizations to the Board of Directors to increase the share capital
11.1  Withdrawal of existing authorizations to increase the share capital
11.2  Authorization to increase the share capital to part finance capital requirements of the Company, including those relating to engineering, construction, equipment and/or operations of Sevan units as well as in relation to acquisition of enterprises
11.3  Authorization to increase the share capital in connection to employee stock option programmes and scope of stock option allocation
12.    Authorization to the Board of Directors to acquire treasury shares
13.    Authorization to the Board of Directors to issue convertible loans
14.    Amendment to the Articles of Association
15.    Notice period for Extraordinary General Meetings

The Notice of the General Meeting will be sent to all shareholders with known address.

The notice, information to the shareholders regarding the General Meeting and the documents in respect of the matters to be considered at the General Meeting are available at the web site of Sevan Marine ASA; www.sevanmarine.com. These may also be obtained, free of charge, by contacting the Company’s Investor Relations Coordinator; Viviana Hiis (ph: +47 37 40 40 00, e-mail: IR@sevanmarine.com).

Attached as appendices to this announcement are (in Norwegian and translation into English):

Notice of the Ordinary General Meeting
Attendance form/power of attorney
The Board of Director’s reasoning and proposal for the resolutions to be passed
Information to the shareholders regarding the Ordinary General Meeting
Recommendation from the Nomination Committee

Norwegian documents:
Innkalling til ordinær generalforsamling
Møteseddel/fullmaktsdokument
Styrets forslag til vedtak
Innstilling fra valgkomitéen

 

The Annual Financial Report was published on April 30, 2010.

As of today, the Company has issued 526,069,982 shares. All shares carry one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Shareholders who wish to attend the General Meeting are requested to notify the Company within May 27, 2010, at 5.00 p.m. (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Power of attorney may be given to the Chairman of the Board of Directors; Arne Smedal, or to the CEO; Jan Erik Tveteraas.

Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting.  Such proposals may be sent to the Company by e-mail to IR@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Ordinary General Meeting Sevan Marine ASA 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


 Notice from the Nomination Committee

The ordinary General Meeting of Sevan Marine ASA has been scheduled for April 21, 2010.

The agenda will, amongst others, comprise election of Board of Directors:
– The ordinary term of office expires for two of the Directors;Hilde Drønen and Arne Smedal (Chairman)
– Replacement of Vibeke Strømme’s Directorship who resigned from the Board of Directors in December 2009

Attached is a notice from the Nomination Committee to the shareholders in this respect.

The deadline for submitting proposals or views to the Nomination Committee on the election of Board of Directors is Wednesday March 17, 2010.

The members of the Nomination Committee can be contacted on the e-mail addresses set out below:

Arne Smedal (chairman): asm@sevanmarine.com
Mimi K. Berdal: advokat@mimi.no
Christel Borge: christel.borge@telenor.com

To the Shareholders of Sevan Marine ASA 

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 listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com.


Minutes of Extraordinary General Meeting

Sevan Marine ASA has today, on January 7, 2010, held an Extraordinary General Meeting.
All proposals from the Board of Directors to the General Meeting were approved.

AMENDMENTS TO THE ARTICLES OF ASSOCIATION 
The Extraordinary General Meeting resolved to amend section 6 of the Articles of Association authorising the Board of Directors to decide that documents that are to be considered at a General Meeting may be published on the Company’s website instead of being enclosed to the notice of the meeting. Individual shareholders are nonetheless entitled to have the documents sent to them free of charge, upon request to the Company. This procedure will result in environmental benefits and reduction of cost for Sevan Marine ASA. Further, the amendment authorises the Board of Directors to hold General Meetings of the Company in Oslo as well as in Arendal.

MINUTES
Attached to this announcement are the minutes of the Extraordinary General Meeting in Norwegian and translation into English.

Minutes of Extraordinary General Meeting in Norwegian 
Minutes of Extraordinary General Meeting in English translation

The minutes and the new Articles of Association are also available at the web site of Sevan Marine ASA (www.sevanmarine.com) and may also be obtained by contacting the Company’s Investor Relations Coordinator; Christine Gran (tel: +47 37 40 40 00, e-mail: cgr@sevanmarine.com).

****

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 listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.

For 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


Notice of Extraordinary General Meeting

Notice is hereby given by the Board of Directors for extraordinary General Meeting in Sevan Marine ASA on January 7, 2010, at 12.00noon CET at the Company’s premises at Kittelsbuktveien 5, Arendal, Norway.

The following issues are on the agenda:

1. Opening of the General Meeting by the Chairman of the Board of Directors. Registration of attending shareholders
2. Election of the chairman of the meeting. The Board of Director propose that he meeting is chaired by the Chaiman of the Board of Directors
3. Election of one person to sign the minutes together with the chairman of the meeting
4. Approval of the notice of meeting and the agenda
5. Amendments to the Articles of Association

The attendance form, the power of attorney and the Board of Directors’ proposal for resolution on item no 5 are enclosed to this notice.
Appendices:

The Board of Directors’ proposal for resolution on item
Information about shareholders’ rights
Attendance form /Power of attorney 

This notice, including appendices, is also available at the web site of Sevan Marine ASA (www.sevanmarine.com) and may also be obtained by contacting the Company’s Investor Relations Coordinator; Christine Gran (tel: +47 37 40 40 00, e-mail: cgr@sevanmarine.com).
As of today, the Company has issued 526,069,982 shares. All shares carry one vote at the General Meeting. The Articles of Association do not include any voting restrictions.

Shareholders who wish to attend the General Meeting are requested to notify the Company within January 5, at 4.00 p.m. (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA. Power of attorney may be given to the Chairman of the Board of Directors; Arne Smedal, or to the CEO; Jan Erik Tveteraas.
Shareholders may present proposals for resolutions in respect of the matters to be discussed at the General Meeting.  Such proposals may be sent to the Company by e-mail to cgr@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Extraordinary General Meeting Sevan Marine ASA 2010”.

Norvegian documents:

 Innkalling til ekstraordinær generalforsamling
 Vedlegg 1 – Styrets begrunnelse og forslag til vedtak under sak 5
 Vedlegg 2 – Aksjeeiernes rettigheter herunder hvordan aksjeeierne kan delta og stemme på generalforsamlingen
 Vedlegg 3 – Møte fullmaktseddel

****

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 listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.

For 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

General Meetings 2009

Minutes of Extraordinary General Meeting

Sevan Marine ASA has today on July 14, 2009 held an Extraordinary General Meeting. All the proposals from the Board of Directors to General Meeting were approved. INCREASE OF THE SHARE CAPITAL. PRIVATE PLACEMENT DIRECTED AT INSTITUTIONAL INVESTORS IN NORWAY AND INTERNATIONALLY. The Extraordinary General Meeting resolved to issue 121,000,000 new shares at subscription of NOK 8 per share to investors that entered into agreements with the Company for such subscription on June 26, 2009 (the “Private Placement”). The new shares issued are expected to be delivered to the subscribers during the beginning of next week (provided payment of the aggregate subscription price has been received).

INCREASE OF THE SHARE CAPITAL – SUBSEQUENT PLACEMENT DIRECTED AT THE COMPANY’S SHAREHOLDERS AS PER 26 JUNE 2009 AND EMPLOYEES.

The Extraordinary General Meeting resolved to authorise the Board of Directors to issue up to 30,000,000 new shares at NOK 8 per share in subsequent offering (the “Subsequent Offering”) directed at the Company’s shareholders as per June 26, 2009 and employees, with partial preferential right to (i) the shareholders as of June 26, 2009, holding 59,999 shares or less, unless they participated in the Private Placement and (ii) the employees.

Separate announcement with the terms of such subsequent offering will be published.

A prospectus will be issued by the Company in connection with (i) the listing of the shares issued in the Private Placement, (ii) the offer to subscribe for share in the Subsequent Offering and (iii) listing of the shares issued under the Subsequent Offering.

MINUTES

Attached as appendix to this announcement is the minutes of Extraordinary General Meeting in English translation. The minutes in Norwegian have been posted on the Company’s web-site – www.sevanmarine.com.

Minutes of meeting
Protokoll

*****

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 listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/. 

For 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


Notice of Extraordinary General Meeting

Notice is hereby given by the Board of Directors for extraordinary general meeting in Sevan Marine ASA on July 14, 2009, at 12.00 noon at the offices of the Company at Kittelsbuktveien 5, Arendal, NorwayThe following issues will be considered:

Opening of the General Meeting by the Chairman of the Board of Directors. Registration of attending shareholders
Election of the chairman of the meeting
Election of one person to sign the minutes together with the chairman of the meeting
Approval of the notice for the meeting and the agenda
Information on the operations and financing requirements of the Group
Increase of the share capital. Share Issue 1 – private placement directed at institutional investors in Norway and internationally
Increase of the share capital. Share Issue 2 – subsequent placement, by authorisation to the Board of Directors, with partial preferential allocation to shareholders of the Company as of June 26, 2009, holding 59,999 shares or less, unless they participated in Share Issue 1
Attendance form, power of attorney and the Board of Directors’ proposals for resolutions for item no. 6 and 7, are enclosed to this notice.

The meeting will be opened by the Chairman of the Board of Directors, cf. the Norwegian Public Limited Companies Act section 5-12 (1).

June 30, 2009

Sevan Marine ASA

The Board of Directors

Appendices:

 Notice for Extraordinary General Meeting in Sevan Marine ASA
 Appendix 1: The Board of Directors’ proposals for resolutions for item 6 and 7 
 Appendix 2: Attendance form/ Power of attorney

Norwegian Documents:

Innkalling til ekstraordinær generalforsamling i Sevan Marine ASA
Vedlegg 1: Styrets forslag til vedtak under sak 6 og 7
Vedlegg 2: Møteseddel/fullmaktsdokument

*****

This notice, including appendices, is also available on the web pages of Sevan Marine -www.sevanmarine.com, and may also be obtained by contacting the Company’s Investor Relations Coordinator; Christine Gran (tel: +47 37 40 40 00, e-mail: cgr@sevanmarine.com).

As of today, the Company has issued 333,628,448 shares. All shares carry one vote at the General Meeting. The articles of association does not include any voting restrictions.

Shareholders who will attend the General Meeting are requested to notify the Company within July 13, 2009, at 12.00 noon (CET) by submitting the enclosed attendance form to Nordea Bank Norge ASA, Verdipapirservice, Box 1166 Sentrum, 0107 Oslo. Power of attorney without voting instructions may be given to the Chairman of the Board of Directors; Arne Smedal.

Shareholders may present proposals to the resolutions in respect of the matters to be considered at the General Meeting. Such proposals can be sent to the Company by e-mail to cgr@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Extraordinary General Meeting Sevan Marine ASA”.

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 listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/. 

For 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


Minutes of Extraordinary General Meeting

Sevan Marine ASA has today on June 17, 2009 held an Extraordinary General Meeting. All the proposals from the Board of Directors to General Meeting were approved.  INCREASE OF THE SHARE CAPITAL. PRIVATE PLACEMENT DIRECTED AT INSTITUTIONAL INVESTORS IN NORWAY AND INTERNATIONALLY.

The Extraordinary General Meeting resolved to issue 137,500,000 new shares at subscription of NOK 8 per share to investors that entered into agreements with the Company for such subscription on June 2, 2009.

The new shares issued are expected to be delivederd to the subscribers during the beginning of next week (provided payment of the aggregate subscription price has been received).

INCREASE OF THE SHARE CAPITAL – SUBSEQUENT PLACEMENT PRIMARY DIRECTED AT THOSE OF THE COMPANY’S SHAREHOLDERS THAT WERE NOT OFFERED TO PARTICIPATE IN SHARE ISSUE 1.

The Extraordinary General Meeting resolved to authorise the Board of Directors to issue up to 48,000,000 new shares at NOK 8 per share in subsequent placement primarily directed at those of the Company’s shareholders that were not offered to participate in share capital increase no. 1.

Separate announcement with the terms of such subsequent offering will be published. Further, in connection with the listing of the shares issued in share issue 1, the offer regarding the subsequent offering and listing of the shares issued in this offering a prospectus will be issued by the Company.

ADJUSTMENT OF SHARE OPTION PROGRAMME

Share options
The Board of Directors is authorised to allocate up to 20,000,000 new share options to employees.

New shares, employees
The Board of Directors is authorised to issue up to 25.654.277 new shares in connection with stock options and bonus programme.

MINUTES

Attached as appendix to this announcement is the minutes of Extraordinary General Meeting in English translation. The minutes in Norwegian have been posted on the Company’s web-site – www.sevanmarine.com.

Minutes of meeting
Protokoll

*****

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.

For 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


Notice of Extraordinary General Meeting

Reference is made to separate announcement regarding private placement by Sevan Marine ASA. The Board of Directors of Sevan Marine ASA has convened an Extraordinary General Meeting in Sevan Marine ASA on June 17, 2009, at 12 noon (CET) at the Company’s offices at Kittelsbuktveien 5, Arendal, Norway.

Agenda for the Extraordinary General Meeting:

  1. Opening of the General Meeting by the Chairman of the Board of Directors.
    Registration of attending shareholders
  2. Election of chairman for the meeting
  3. Election of person to sign the minutes together with the chairman of the meeting
  4. Approval of the notice of meeting and the agenda
  5. Information from the CEO on the operations and financing requirements of the Group
  6. Increase of the share capital. Share Issue 1 – private placement directed at institutional investors in Norway and internationally
  7. Increase of the share capital. Share Issue 2 – subsequent placement directed at those of the Company’s shareholders that were not offered to participate in share capital increase no. 1
  8. Adjustment of share option programme

Shareholders may present proposals to the resolutions in respect of the matters to be considered at the Extraordinary General Meeting. Such proposals can be sent to the Company by e-mail to the Company’s Investor Relation Coordinator; Christine Gran at cgr@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Proposals should be marked “Proposals for resolutions – Extraordinary General Meeting Sevan Marine ASA”.

Notice of the meeting with enclosures will be sent to all shareholders with known address. The documentation is also available at the Company’s web-site; www.sevanmarine.com, and may also be obtained by contacting the Company’s Investor Relation Coordinator; Christine Gran (tel. +47 37 40 40 00, e-mail: cgr@sevanmarine.com).

Shareholders who wish to attend the Extraordinary General Meeting are requested to notify the Company no later than June 15, 2009, at12 noon (CET), by submitting the attendance form to Nordea Bank Norge ASA, Verdipapirservice.

Attached as appendices to this announcement are:

Notice of Extraordinary General Meeting on June 17, 2009
Proposals from the Board of Directors regarding item 6, 7 and 8 
Attendance form/power of attorney 

Norvegian Documents: 

Innkalling til ekstraordinær generalforsamling
Styrets forslag til vedtak under sak 6, 7 og 8
Møteseddel/fullmaktsdokument

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 listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/. 

For 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


Minutes of Ordinary General Meeting

Sevan Marine ASA has today on May 25, 2009, held its Ordinary General Meeting.
All proposals from the Board of Directors to the General Meeting were approved.THE BOARD OF DIRECTORS

The shareholder elected members to the Board of Directors consist of:

Arne Smedal (Chairman)
Vibeke Strømme (Deputy Chairman)
Hilde Drønen (Board Member)
Kåre Syvertsen (Board Member, re-elected)
Stephan Marc Zeppelin (Board Member, re-elected)

In connection with the Ordinary General Meeting an election of Directors elected by and amongst the employees of the Sevan Marine Group was conducted. The new Directors elected by the employees are:

Jorunn Haugen  – (Board Member – elected by the employees)
Jørgen Skotnes  – (Board Member – elected by the employees)
Ann Kristin Nielsen  – (Deputy Director for Jorunn Haugen )
Morten Ileby  – (Deputy Director for Jørgen Skotnes )

AUTHORISATIONS

New shares, financing
The Board of Directors was authorised to issue up to 19,612,844 new shares to part finance capital requirements of the Company, including capital requirements related to engineering, construction, equipment and/or operations of Sevan units and acquisition of enterprises.

Share options
The Board of Directors was authorised to allocate up to 2,000,000 new share options to employees.

New shares, empolyees
The Board of Directors was authorised to issue up to 8,654,277 new shares in connection with stock options and bonus programme.

Treasury shares
The Board of Directors was authorised to acquire up to 19,612,840 treasury shares.

Convertible loans
The Board of Directors was authorised to obtain convertible loans in the aggregate amount of up to USD 100,000,000 which can be converted into up to 30,000,000 shares.

MINUTES

Attached as appendix to this announcement is the minutes of Ordinary General Meeting in English translation. The minutes in Norwegian have been posted on the Company’s web-site; www.sevanmarine.com.

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.

Minutes of meeting
Protokoll 

***

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/. 

For information, please contact: 

Jan Erik Tveteraas, CEO, Sevan Marine ASA (Media) 
+47 37404000 office 
+47 95214925 mobile 

Birte Norheim, Vice President Finance, Sevan Marine ASA (Analysts) 
+47 37404201 office 
+47 95293321 mobile


Notice of Ordinary General Meeting

The Company wishes to amplify, that the ordinary general meeting of Sevan Marine ASA will be held on Monday, May 25, 2009, at 12:00 noon, at the Company’s premises at Kittelsbuktveien 5, Arendal, Norway.Shareholders who wish to attend the general meeting are requested to notify the Company within May 22, 2009, at 4.00 p.m. (CET) by submitting the attendance formto Nordea Bank Norge ASA, Verdipapirservice or the Company’s Investor Relations Coordinator; Christine Gran (e-mail: cgr@sevanmarine.com ).

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/. 

For 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


Minutes of Extraordinary General Meeting

Sevan Marine ASA has today on 4 May 2009 held an Extraordinary General Meeting.
All the proposals from the Board of Directors to General Meeting were approved.

Issue of convertible bonds (Tranche 2)
The General Meeting resolved to issue USD 12 million in convertible bonds. The loan shall be subscribed by Luxor Capital Partners, LP and Luxor Capital Partners Offshore, Ltd. or affiliates thereof (Luxor). The loan carry interest at 15% p.a. and payments may, at the Company’s election, be paid by way of issuing additional bonds or in cash. The conversion price is the NOK equivalent of USD 1.0454 (subject to customary adjustment events). The loan matures in April 2013. Luxor has previously subscribed to USD 12 million worth of bonds (Tranche 1).

Issue of convertible bonds (Option Tranche)
The General Meeting also resolved to issue additional USD 24 million in convertible bonds. Luxor has been granted the right to subscribe for these additional bonds. This right must be exercised within 30 days following the settlement date for Tranche 2. The terms and conditions of Tranche 1, Tranche 2 and the Option Tranche are equal in all other respects and are regulated by loan agreement published by the Company on 22 April 2009 (15.0 per cent Sevan Marine ASA  Senior Secured Callable Convertible Bond Issue 2009/2013).

Minutes

Attached as appendix to this announcement is the minutes of the Extraordinary General Meeting in English translation. The minutes in Norwegian and the loan agreement for the convertible bonds have been posted on the Company’s web-site – www.sevanmarine.com.

Attending Shareholders
Minutes of extraordinary General Meeting in Sevan Marine ASA

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.

For 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


Annual Financial Statements 2008

Sevan Marine ASA has today published its Annual Financial Statements for 2008.

Attached as appendixes to this announcement are the Annual Financial Statements for 2008 in English and Norwegian. The full Annual Report for 2008 will also be posted on the Company’s web-site: www.sevanmarine.com. Please note that the English language report includes some sections not in included in the Norwegian language report.

————–

Consolidated revenues for 2008 totaled USD 120 million. The Group incurred an operating loss of USD 130 million, an increase of USD 23 million from 2007, mostly related to certain one-off items including expensing of the mobilization of FPSO Sevan Hummingbird of USD 61 million as well as a provision made for receivables from Oilexco North Sea Ltd of USD 4 million. Net loss came to USD 108 million*, compared to a loss of USD 115 million in 2007. At December 31, 2008, total consolidated assets amounted to USD 1,927 million, of which Sevan capital assets amounted to USD 1,693 million and USD 50 million was cash and cash equivalents. At year end, the equity ratio was 38%.

The Group has prepared the financial statements in accordance with International Financial Reporting Standards (IFRS).

* The annual net loss of USD 108 million as presented in the 2008 Financial Statements has been increased by USD 7 million compared to the annual net loss of USD 101 million as presented in the Company’s interimreport for fourth quarter 2008 on February 27, 2009. The change is due to an estimation adjustment of USD 2 million and a classification error from ‘Other equity’ of USD 5 million.

——–

Notice for Ordinary General Meeting to be held on May 25, 2009, has also been posted today – see separate announcement. The notice, in Norwegian and translation into English, is also available at the Company’s web-site: www.sevanmarine.com.

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.

Annual Report Financial – 2008 
Årsrapport – 2008

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and three drilling units contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.

For 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


Notice of Ordinary General Meeting

Notice is hereby given by the Board of Directors for ordinary general meeting in Sevan Marine ASA on

May 25, 2009, at 12 noon at the offices of the Company at Kittelsbuktveien 5, Arendal, Norway

The following issues will be considered:

  1. Opening of the general meeting by the Chairman of the Board of Directors. Registration of attending shareholders
  2. Election of the chairman of the meeting
  3. Election of one person to sign the minutes together with the chairman of the meeting
  4. Approval of the notice for meeting and the agenda
  5. Information on the Company’s operations from the CEO
  6. Approval of the annual financial accounts for the parent Company and the Group for the financial year 2008, and the Board of Directors’ report
  7. Determination of the remuneration of the Board of Directors, the Audit Committee and the Nomination Committee for the financial year 2008
  8. Approval of the remuneration of the auditor for the financial year 2008, including a briefing from the Board with regard to the distribution of remuneration of auditing and other services
  9. Election of members to the Nomination Committee
  10. Election of Directors to the Board
  11. Statement from the Board of Directors regarding establishment of salary and other benefits for senior management in Sevan Marine
  12. Authorisations to the Board of Directors to increase the share capital
    12.1     Withdrawal of existing authorisations to increase the share capital
    12.2     Authorisation to increase the share capital to part finance capital requirements of the Company, including related to engineering, construction, equipment and/or operations of Sevan units and acquisition of enterprises
    12.3     Authorisation to increase the share capital in connection with employee stock option programme and scope of stock option allocation
  13. Authorisation to the Board of Directors to acquire treasury shares
  14. Authorisation to the Board of Directors to issue convertible loans

The annual report, attendance form, the Board of Directors’ proposals for resolutions for items no 6, 7, 8, 9, 10, 11, 12, 13 and 14 and recommendation from the Nomination Committee are enclosed to this notice.
The meeting will be opened by the Chairman of the Board of Directors, cf. the Norwegian Public Limited Companies Act section 5-12 (1).

April 30, 2009

Sevan Marine ASA
The Board of Directors

Appendices:

Notice of General Meeting Sevan Marine ASA
Attachment 1 – Attendance form/ Power of attorney
Attachment 2 – The Board of Directors’ proposals for resolutions for items 6, 7, 8, 9, 10, 11, 12, 13 and 14
Attachment 3 – Recommendation from the Nomination Committee 

Norwegian Documents:

Innkalling til ordinær generalforsamling
Vedlegg 1 – Møteseddel/fullmaktsdokument
Vedlegg 2 – Styrets forslag til vedtak under sak 6, 7, 8, 9, 10, 11, 12, 13 og 14 
Vedlegg 3 – Innstilling fra valgkomitéen (engelsk-språklig) 

Shareholders who wish to attend the general meeting are requested to notify the Company within May 22, 2009, at 4.00 p.m. (CET) by submitting the attendance form to Nordea Bank Norge ASA, Verdipapirservice or the Company’s Investor Relations Coordinator; Christine Gran (e-mail: cgr@sevanmarine.com).

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and three drilling units contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.

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


Notice of Extraordinary General Meeting

The shareholders in Sevan Marine ASA are hereby summoned to an extraordinary general meeting on May 4, 2009, at 12.00 noon at the premises of the Company at Kittelsbuktveien 5, Arendal, Norway.The Board proposes the following agenda:

  1. Opening of the meeting by the Chairman of the Board of Directors; Arne Smedal. Registration of attending shareholders
  2. Election of a person to chair the meeting and a person to co-sign the minutes
  3. Approval of the notice and the agenda for the general meeting
  4. Information regarding the operations of the group by the CEO
  5. Issuance of convertible bonds

This notice, including appendices, will be sent to all shareholders with known address. The documentation in both English and Norwegian versions is also available on the Sevan Marine web page (http://www.sevanmarine.com/) and may also be obtained by contacting the Company’s Investor Relations Coordinator; Christine Gran (ph: +47 37 40 40 00, e-mail: cgr@sevanmarine.com).

Shareholders who wish to attend the extraordinary general meeting are requested to notify the Company within April 29, 2009, at 4.00 p.m. (CET) by submitting the attendance form to Nordea Bank Norge ASA, Verdipapirservice or the Company’s Investor Relations Coordinator; Christine Gran (e-mail: cgr@sevanmarine.com).

Attached as appendices to this announcement are:

  1. Notice of Extraordinary General Meeting on May 4, 2009
  2. Attendance form/power of attorney
  3. The Board of Directors’ report on matters that should be taken into account when subscribing for convertible bonds, hereunder events after the last balance sheet date
  4. The Board of Directors’ proposal for resolution for item 5

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and three drilling units contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/. 

For 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

Notice for Extraordinary General Meeting
Attachment 1 – Attendance form/Power of attorney
Attachment 2 – The Board of Directors’ report on matters that should be taken into account when subscribing for convertible bonds, hereunder events after the last balance sheet date
Attachment 3 – The Board of Directors’ proposal for resolution for item 

Norwegian Documents:

Innkalling til ekstraordinær generalforsamling
Vedlegg 1 – Møteseddel/fullmaktsdokument 
Vedlegg 2 – Styrets rapport vedrørende forhold som må tillegges vekt når det gjelder å tegne konvertible obligasjoner, herunder hendelser som er inntruffet etter siste balansedag 
Vedlegg 3 – Styrets forslag til vedtak under sak 5


Notice from the Nomination Committee

The ordinary General Meeting of Sevan Marine ASA has been scheduled for April 29, 2009.

The agenda will, amongst others, comprise election of Board of Directors and members to the Nomination Committee:
– The ordinary term of office expires for two of the Directors – Kåre Syvertsen and Stephan M. Zeppelin.
– The ordinary term of office expires for the two members of the Nomination Committee appointed by the shareholders – Mimi Kristine Berdal and Christel Borge.

Attached is a notice from the Nomination Committee to the shareholders in this respect.

The deadline for submitting proposals or views to the Nomination Committee on the election of Board of Directors and members to the Nomination Committee is Friday March 20, 2009.

The members of the Nomination Committee can be contacted on the e-mail addresses set out below:

Arne Smedal (chairman): asm@sevanmarine.com
Mimi K. Berdal:  advokat@mimi.no
Christel Borge:  christel.borge@telenor.com

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.

To the shareholders of Sevan Marine asa

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and three drilling units contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.

General Meetings 2008

Minutes of Ordinary General Meeting

Please find attached the minutes from today`s Annual General Meeting in Sevan Marine ASA.

Minutes of Ordinary General Meeting in Sevan marine ASA 
Protokoll Generalforsamling 2008

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and one drilling unit contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture.

For information, please contact:

Jan Erik Tveteraas, CEO Sevan Marine ASA (Media).
Phone: +47 51944960 (work)
+47 95214925 (mobile)

Egil Kvannli, CFO Sevan Marine ASA (Analysts)
Phone: +65 96830133 (mobile)


Notice of Ordinary General Meeting

Notice is hereby given by the Board of Directors for ordinary general meeting in Sevan Marine ASA on April 30, 2008, at 10 AM at the offices of the Company at Hammaren 23, Tananger, Norway

The following issues will be considered:

1. Opening of the general meeting by the Chairman of the Board of Directors. Registration of attending shareholders
2. Election of the chairman of the meeting
3. Election of one person to sign the minutes together with the chairman of the meeting
4. Approval of the notice for meeting and the agenda
5. Information on the Company’s operations from the CEO
6. Approval of the annual financial accounts for the parent Company and the Group for the financial year 2007, and the Board of Directors’ report
7. Determination of the remuneration to the Board of Directors and the Nomination Committee for the financial year 2007
8. Approval of the remuneration to the auditor for the financial year 2007, including a briefing from the Board with regard to the distribution of remuneration to auditing and other services
9. Amendment of the Articles of Association of the Company in order to relocate the Company’s registered office to Arendal
10. Election of Directors to the Board
11. Statement from the Board of Directors regarding establishment of salary and other benefits for senior management in Sevan Marine
12. Authorisations to the Board of Directors to increase the share capital
12.1     Withdrawal of existing authorisations to increase the share capital
12.2     Authorisation to increase the share capital to part finance capital requirements of the Company, including related to engineering, construction, equipment and/or operations of Sevan units and acquisition of enterprises
12.3     Authorisation to increase the share capital in connection with employee stock option programme and scope of stock option allocation
13. Authorisation to acquire treasury shares
14. Authorisation to the Board of Directors to issue convertible loans

The annual report, attendance form, the Board of Directors’ proposals for resolutions for items no 6, 7, 8, 9, 10, 11, 12, 13 and 14 and recommendation from the Nomination Committee are enclosed to this notice.

The meeting will be opened by the Chairman of the Board of Directors, cf. the Norwegian Public Limited Companies Act section 5-12 (1).

This notice for the general meeting is also available on the web pages of Sevan Marine -http://www.sevanmarine.com/, and may also be obtained by contacting the Company’s Investor Relations Coordinator Kjersti Kveim Leikanger (tel: +47 37 40 40 00, e-mail: kkl@sevanmarine.com).

As of today, the Company has issued 177,673,328 shares. All shares carry equal voting rights. Shareholders who will attend the general meeting are requested to notify the Company within 28 April 2008 at 16 hours (Norwegian time) by submitting the enclosed attendance form to Nordea Bank Norge ASA, Verdipapirservice, Box 1166 Sentrum, 0107 Oslo. Power of attorney may be given to Arne Smedal, the Chairman of the Board of Directors, or the CEO Jan Erik Tveteraas. Shareholders may present proposals in respect of the matters to be considered at the General Meeting, and may, if they wish, send such proposals to the company by e-mail to kkl@sevanmarine.com or by mail to Sevan Marine ASA, Kittelsbuktveien 5, 4836 Arendal. Such proposals should be marked “Proposals for resolutions – General Meeting Sevan Marine ASA”.

11 April 2008
Sevan Marine ASA
The Board of Directors

Appendices:

1.   Attendance form/ Power of attorney
2.   The Board of Directors’ proposals for resolutions for items 6, 7, 8, 9, 10, 11, 12, 13 and 14 
3. Recommendation from the Nomination Committee
4.   Annual Report 2007 

Norwegian documents:

1.   Møteseddel/fullmaktsdokument
2.   Styrets forslag til vedtak under sak 6, 7, 8, 9, 10, 11, 12, 13 og 14 
3. Innstilling fra valgkomiteen 
4.   Årsrapport 2007

Unauthorised translation. The official language of this notice is Norwegian. In the event of any discrepancy between the Norwegian and English text, the Norwegian takes precedence.

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and one drilling unit contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture.

For information, please contact:

Jan Erik Tveteraas, CEO Sevan Marine ASA (Media).
Phone: +47 51944960 w    +47 95214925 m

Egil Kvannli, CFO Sevan Marine ASA (Analysts)
Phone: +47 51944964 w    +47 91618888 m


Innstilling fra valgkomiteen

INNSTILLING FRA VALGKOMITEEN I SEVAN MARINE ASA
FOR SELSKAPETS ORDINÆRE GENERALFORSAMLING 30. APRIL 2008I

henhold til vedtektenes § 7 ble det på selskapets ordinære generalforsamling for 2007 oppnevnt en valgkomité bestående av

Arne Smedal (leder), Mimi Kristine Berdal og Christel Borge.

Valgkomiteens mandat er å fremme forslag om aksjonærvalgte styremedlemmer i forbindelse med valg, samt å foreslå styrets godtgjørelse.

Styret i Sevan Marine har i foregående valgperiode bestått av følgende 7 medlemmer; Arne Smedal (styreleder), Vibeke Strømme (nestleder), Kåre Syvertsen, Hilde Drønen, Stephan M. Zeppelin, Kristin Urdahl (ansatte representant) og Kjetil Soma (ansatte representant). Honorarene til styrets medlemmer har de to siste årene vært kr 400.000 til styrets leder og kr 200.000 til de øvrige medlemmer av styret.

Følgende tre av styrets medlemmer er på valg kommende generalforsamling; Arne Smedal, Vibeke Strømme og Hilde Drønen. Alle tre har meddelt valgkomiteen at de tar gjenvalg.

Valgkomiteen har i forbindelse med denne innstillingen avholdt flere møter, vært i skriftlig kontakt med de største aksjonærene, vært i muntlig kontakt med analytikere som følger selskapet og vært i muntlig dialog med medlemmer av styret. Alle de personer valgkomiteen har kontaktet uttrykker tilfredshet med dagens styre og anser at styret har en hensiktsmessig sammensetning og kompetanse i forhold til selskapets behov.

På denne bakgrunn fremmer valgkomiteen innstilling om å videreføre det eksisterende styre med følgende aksjonærvalgte medlemmer:

Arne Smedal              Styreleder       (for en ny valgperiode på to år)
Vibeke Strømme        Nestleder        (for en ny valgperiode på to år)
Hilde Drønen             Medlem          (for en ny valgperiode på to år)
Kåre Syvertsen           Medlem          (resterende valgperiode ett år)
Stephan M. Zeppelin  Medlem          (resterende valgperiode ett år)

Valgkomiteen konstaterer at et slikt styre oppfyller kravene til kontinuitet, uavhengighet, faglig kompetanse og representasjon av begge kjønn.

Når det gjelder godtgjørelsen til styrets medlemmer har valgkomiteen sett hen til det meget omfattende arbeid styret har vært gjennom det siste året. Aktiviteten i styret forventes også i fortsettelsen å være stor. På denne bakgrunn foreslår valgkomiteen at generalforsamlingen fastsetter følgende godtgjørelse til styrets medlemmer:

Arne Smedal (leder)                           NOK 400.000
Vibeke Strømme (nestleder)              NOK 275.000
Øvrige styremedlemmer                    NOK 225.000


Proposal from the Nomination Committee

PROPOSAL FROM THE NOMINATION COMMITTEE OF SEVAN MARINE ASA TO THE ORDINARY GENERAL MEETING OF THE COMPANY ON 30 APRIL 2008.

According to the articles of association section 7, a nomination committee was appointed at the company’s ordinary general meeting for 2007, consisting of

Arne Smedal (chairman)
Mimi Kristine Berdal and
Christel Borge

The mandate of the nomination committee is to propose new board members elected by shareholders in connection with elections of such, and also to propose the remuneration to the board of directors.

The board of directors of Sevan Marine ASA has in the previous election period consisted of the following directors: Arne Smedal (chairman), Vibeke Strømme (deputy chair), Kåre Syvertsen, Hilde Drønen, Stephan M. Zeppelin, Kristin Urdahl (employee representative) and Kjetil Soma (employee representative). The remuneration to the board of directors has during the previous two years been set at NOK 400,000 to the chairman of the board and NOK 200,000 to each of the other directors.

The election period for the following three directors expires at the upcoming general meeting; Arne Smedal, Vibeke Strømme and Hilde Drønen. All three directors have informed the nomination committee that they accept re-election.

In connection with the preparation of this proposal, the nomination committee has held several meetings and been in written communications with the company’s largest shareholders, discussed verbally with financial analytics following the company, and held interviews members of the board. All individuals contacted by the nomination committee expressed satisfaction with the current board of directors and were of the opinion that the composition and competence of the board was appropriate to the company’s needs.

With reference to the above, the nomination committee proposes to continue the existing board with the following shareholder elected members:

Arne Smedal              Chairman                    (for an election period of two years)
Vibeke Strømme        Deputy Chairman       (for an election period of two years)
Hilde Drønen             Member                      (for an election period of two years)
Kåre Syvertsen           Member                      (remaining election period one year)
Stephan M. Zeppelin  Member                      (remaining election period one year)

The nomination committee notes that such board of directors complies with requirements pertaining to continuity, independence, professional competence and gender representation.

With respect to the remuneration to the board of directors, the nomination committee has considered the considerable work that the board of directors has conducted during the last year. The activity of the board of directors is also in the future expected to be high. On this basis, the nomination committee proposes that the general meeting adopts the following remuneration to the members of the board of directors:

Arne Smedal (chairman)                    NOK 400,000
Vibeke Strømme (deputy chair)        NOK 275,000
Other directors                                   NOK 225,000


Notice from the Nomination Committee

To all Shareholders from the Board Nomination Committee

On the Company’s ordinary general meeting scheduled for April 30th, 2008 there will be an election of a new Board of Directors. The ordinary term of office expires for 3 of the Directors on the forthcoming general meeting, and they thus need to be either re-elected or replaced. This applies to Mr. Smedal (chairman), Mrs. Strømme and Mrs. Drønen. We have contacted these Directors and they are all willing to accept re-election.

We are currently complying with the new Norwegian legislation requiring equality of gender on the Board of Directors. If the Board consists of 6 Directors, there must be an equality of gender among the Directors (i.e. 3 men and 3 women). If, on the other hand, the Board consists of 5 Directors, at least 2 of these must be of the opposite gender than the majority (f.i. 3 men and 2 women).

In light of the above, the Board Nomination Committee currently considers proposing a Board of Directors for the Company still to consist of a total of 5 memberselected by the shareholders, of which 3 should be male and 2 female.

However, prior to making any decision, the Board Nomination Committee would highly appreciate any views or suggestions you as a Shareholder of the Company, may have on the composition of the Board of Directors, and, in particular, any individual that you may wish to introduce as candidate for the Board of Directors.

Please inform any of the undersigned by e-mail of any such views or names no later than March 28th 2008.

The Board Nomination Committee:

Arne Smedal asm@sevanmarine.com
Mimi K. Berdal advokat@mimi.no
Christel Borge christel.borge@telenor.com

General Meetings 2007

Minutes of Ordinary General Meeting

Please find attached the minutes from today`s Annual General Meeting in Sevan Marine ASA.

Minutes of Ordinary General Meeting in Sevan marine ASA 


Notice of Ordinary General Meeting

Notice of Ordinary General meeting in Sevan Marine ASA

General Meetings 2006

Minutes of Extraordinary General Meeting

Minutes of Extraordinary General Meeting on October 5


Notice of Extraordinary General Meeting

Call for Extraordinary General Meeting on October 5


Minutes of Ordinary General Meeting

Minutes of Ordinary General Meeting in Sevan marine ASA 


Notice of Ordinary General Meeting

Notice of Ordinary General meeting in Sevan Marine ASA


Minutes of Extraordinary General Meeting

Minutes of Extraordinary General Meeting on March 7


Notice of Extraordinary General Meeting

Call for Extraordinary General Meeting

General Meetings 2005

Minutes of Ordinary General Meeting

Minutes of Ordinary General Meeting in Sevan marine ASA 


Notice of Ordinary General Meeting

Notice of Ordinary General meeting in Sevan Marine ASA

General Meetings 2004

Minutes of Ordinary General Meeting

Minutes of Ordinary General Meeting in Sevan marine ASA 


Notice of Ordinary General Meeting

Notice of Ordinary General meeting in Sevan Marine ASA


Minutes of Extraordinary General Meeting

Minutes of Extraordinary General Meeting


Notice of Extraordinary General Meeting

Call for Extraordinary General Meeting


Minutes of Extraordinary General Meeting

Minutes of Extraordinary General Meeting


Notice of Extraordinary General Meeting

Call for Extraordinary General Meeting