Magnora ASA — M&A Activity 2017

Jun 15, 2017

SEVAN MARINE ASA: Extended disclosure regarding sale of shares in KANFA AS to Technip Norge AS

SEVAN MARINE ASA: Extended disclosure regarding sale of shares in KANFA AS to Technip Norge AS

Reference is made to previous announcement on 13 June 2017.

Please find attached extended disclosure regarding sale of

shares in KANFA AS.

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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