Invitation to presentation of Q1 2010 results

Sevan Marine ASA informs that the results for the first quarter of 2010
will be published on May 12, 2010, at 8:00 a.m. (CET).

Jan Erik Tveteraas (CEO), Birte Norheim (Vice President Finance) and
Oskar Mykland (CFO) will on the same day at 2:00 p.m. (CET) 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 on
http://www.sevanmarine.com/. It is recommended that you log on to the
webcast 5 minutes in advance of the presentation.

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

If you wish to attend the presentation in Oslo, please confirm to
Viviana Hiis by email: IR@sevanmarine.com by May 10, 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 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 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