Magnora ASA

AGM Information • May 4, 2016

SEVAN MARINE ASA: Notice of Annual General Meeting

SEVAN MARINE ASA: Notice of Annual General Meeting

The Board of Directors of Sevan Marine ASA has

convened the Annual General Meeting in Sevan Marine

ASA on Wednesday 25 May 2016, at 10:00 a.m. (CET) at

the Company's offices in Verkstedveien 3, 0277 Oslo,

Norway.

Attached as appendices to this announcement are (in

Norwegian and translation into English):

- Notice of the Annual General Meeting

- Attendance form and power of attorney

- The Board of Directors' proposal for the resolutions

to be passed

- Proposal from the Nomination Committee

- Statement from the Board of Directors regarding

determination of salary and other benefits for Senior

Management

- Information to the shareholders regarding the Annual

General Meeting

The documents are also available at the web site of

Sevan Marine ASA; www.sevanmarine.com.

***

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, based on its patented

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:

Carl Lieungh, CEO, Sevan Marine ASA (Media)

+47 37 40 40 00 office

Reese McNeel, CFO, Sevan Marine ASA (Analysts)

+47 37 40 40 00 office