Notice from the Nomination Committee

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

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/.