SEVAN MARINE ASA: Proposal from the Nomination Committee

The Ordinary General Meeting of Sevan Marine ASA has been scheduled for 25 May
2012.

The agenda for the Ordinary General Meeting includes, amongst other things, the
election of the Board of Directors. Attached as an appendix to this announcement
is the proposal from the Nomination Committee to the shareholders in this
respect, in Norwegian and translation into English.

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 37 40 40 00 office

Kjetil Vangsnes, CFO, Sevan Marine ASA (Analysts)
+47 37 40 40 00 office


[HUG#1610370]