Magnora ASA

Declaration of Voting Results & Voting Rights Announcements • May 24, 2016

Disclosure of voting rights

Disclosure of voting rights

In connection with the Annual General Meeting of Sevan

Marine ASA to be held on 25 May 2015, each of Gard A.

Skogstrøm and Karl Erik Navestad, both of Arntzen de

Besche Advokatfirma AS, acting separately, have

received proxy based voting rights for 22,893,631

shares, representing 43.52 per cent of the votes in

the Company. Each of Mr. Skogstrøm and Mr. Navestad

are authorized to act separately. Only one of the

proxies will attend the meeting and exercise voting

rights in the general meeting. The proxies are given

without voting instructions. The proxies are valid

only for the Annual General Meeting on 25 May 2016.