Magnora ASA

Investigation Launched

Sevan Marine ASA (the "Company") has recently become

aware of articles in the Brazilian press which refer

to a former manager and agent of Sevan Marine being

named in connection with the Brazilian authorities'

investigation into corrupt activities involving

Petrobras and Operation Car Wash ("Lava Jato").

Based on the specific content of the Brazilian press

articles, including that Sevan is named, the Company

has engaged the law firm Selmer to conduct an

investigation. Sevan Marine ASA has offered full co-

operation and has been in contact with the relevant

authorities on this matter.

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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:

Siri Hatlen, Chairperson, Sevan Marine ASA

+47 917 44 863 mobile

(available from 11:30 am CET on Monday, June 29, 2015)

Carl Lieungh, CEO, Sevan Marine ASA

+47 916 64 720 mobile

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