Magnora ASA

Report Publication Announcement • Apr 28, 2017

SEVAN MARINE ASA: Annual Report 2016

SEVAN MARINE ASA: Annual Report 2016

Please find attached the Annual Report 2016 for Sevan Marine

ASA.

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Sevan Marine ASA is specializing in design, engineering and

project execution of floating units for offshore

applications, based on its cylindrical floater technology.

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:

Reese McNeel, CEO, Sevan Marine ASA

reese.mcneel@sevanmarine.com

+47 415 08 186

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.