Updated Financial Calendar 2010

The updated financial calendar for 2010 for Sevan Marine ASA is as
follows:

Date Agenda Time Place
May 11 Annual General Meeting 13:00 Company premises, Arendal
May 12 Publication of results Q1, 2010 08:00 http://www.sevanmarine.com
May 12 Presentation and webcast 14:00 Shippingklubben, Oslo
Aug. 25 Publication of results Q2, 2010 08:00 http://www.sevanmarine.com
Aug. 25 Presentation and webcast 14:00 Shippingklubben, Oslo
Nov. 10 Publication of results Q3, 2010 08:00 http://www.sevanmarine.com
Nov. 10 Presentation and webcast 14:00 Shippingklubben, Oslo

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