Stock Option Award

With reference to announcement made on May 5, 2010, and in accordance with the
authorization granted to the Board of Directors of Sevan Marine ASA at the
Extraordinary General Meeting on June 17, 2009, Jon Helge Wilmann, Vice
President Sevan Drilling, has been awarded 100,000 share options at an exercise
price of NOK 8.81, in order to reconcile his holding with other members of the
management team.

Following the grant, Jon Helge Wilmann holds 400,000 options and 165,000 shares
in Sevan Marine ASA. The share options may be exercised with one third after
one, two and three years respectively, and expire after five years.

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



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