Sevan Marine ASA: Organisational Change

In conjunction with the sale of the FPSO Seven
Piranema and FPSO Sevan Hummingbird to Teeky and
effective January 01, 2012, Mr. Erling Andreas
Ronglan, Vice President Floating Production, has
stepped down from his position. We thank Mr. Ronglan
for his contributions and wish him all the best in
his new endeavours.

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 design,
engineering and project execution of
floating units for offshore applications, with a main
focus on Floating,
Production, Storage and Offloading units (FPSOs).
Sevan Marine ASA is listed on
Oslo Børs with ticker SEVAN. For more information,
please refer to
www.sevanmarine.com.

For more information please contact:
Marit Ytreeide, Press Contact (Media)
+47 901 28 308 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 374 04 000 office

Reese McNeel, Interim CFO, Sevan Marine ASA (Analysts)
+47 374 04 000 office