Minutes of Bondholders' Meeting

With reference to press release of July 12, July 19 and July 23, 2010, regarding
Bondholder' meeting in FPSO Sevan Hummingbird bond  'ISIN NO 001 034600.0 -
Sevan Marine ASA open Bond Issue with Call Option 2006/2011', the proposed
amendment to the bond loan agreement was approved by the Bondholder' meeting
today. The proposed amendment facilitates early redemption of the bonds at
102.5% of par value plus accrued interest on a banking day falling between 10
August 2010 and 27 August 2010.

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



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 towww.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



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