On 21 January 2014, Teekay Services Holdings
Coöperatief U.A., an affiliated company of Teekay
Corporation ("Teekay"), purchased 1,801,784 shares in
Sevan Marine ASA (the "Company") at a price of NOK
23,40 per share from Iliad International AS, an
affiliated company of Teekay.
Following the transaction, Teekay, through Teekay
Services Holdings Coöperatief U.A., owns 22,893,631
shares in the Company, which constitutes 43.52% of
the total number of shares and votes in the Company.
Following the transaction, Iliad International AS
owns no shares in the Company.
Teekay is represented by Ingvild Sæther (chairman) on
the board of directors of the Company.
This information is subject to the disclosure
requirements pursuant to Section 4-2 of the Norwegian
Securities Trading Act.