Magnora ASA

AGM Information • May 11, 2018

SEVAN MARINE ASA - Nomination Committee Proposal

SEVAN MARINE ASA - Nomination Committee Proposal

Sevan Marine refers to the earlier Notice of Annual General Meeting. The Annual General Meeting in Sevan Marine ASA will be held on Thursday, 24 May 2018 at 10:00 am (CET) at the Company's offices in Lysaker Torg 12, 1366 Lysaker, Norway.

Attached as appendix to this announcement is the Nomination Committee Proposal in Norwegian and translation in English.

The documents are also available on the web site of Sevan Marine ASA; www.sevanmarine.com.

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Sevan Marine is a technology, design and engineering company. The company is developing, designing and delivering cost effective offshore solutions based on its unique cylindrical hull design and the HiLoad LNG offloading and regas technologies.Sevan Marine ASA is listed on the 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.