Sevan Marine: Presentation materials Q4 2009

Please find attached the presentation materials for the presentation of
the fourth quarterly results to be given today, February 10, 2010.

Jan Erik Tveteraas (CEO), Birte Norheim (Vice President Finance), Oskar
Mykland (CFO) and Erling Ronglan (Vice President Operations) will at
2:00 p.m. give a presentation of the results at Shippingklubben, Haakon
VII`s gate 1, Oslo. The presentation will be in English.

The presentation will also be broadcasted LIVE at
http://www.sevanmarine.com/. It is advised that you log on to the
webcast 5 minutes in advance.

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

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