Minutes of Bondholders' Meeting

With reference to press release of June 17, 2010, regarding Bondholder'
meeting in FPSO Sevan Voyageur 'Sevan05 - FRN Sevan Marine ASA Senior
Secured Callable Bond Issue 2007/2012', the proposed amendment to the
bond loan agreement was approved by the Bondholder' meeting today.

Please refer to the attached notice from Bondholder' Meeting and
www.stamdata.no for further information.

[ATTACHMENT: Trustee's Notice from Bondholder's Meeting]

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

Oskar Mykland, CFO, Sevan Marine ASA (Analysts)

+47 37404034 office

+47 45480909 mobile