Updated Financial Calendar 2010

In reference to the financial calendar as published on April 23, 2010,
and in relation to the ONS 2010 Conference in Stavanger in August, the
Q2 presentation has been relocated to Clarion Hotel, Stavanger.

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

Date Agenda Time Place
Aug. 25 Publication of 08:00 http://www.sevanmarine.com
results Q2, 2010
Aug. 25 Presentation 14:00 Clarion Hotel, Stavanger
and webcast
Nov. 10 Publication of 08:00 http://www.sevanmarine.com
results Q3, 2010
Nov. 10 Presentation 14:00 Shippingklubben, Oslo
and webcast

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 (http://www.sevanmarine.com/undefined/).

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