Magnora ASA

Regulatory Filings • Apr 9, 2014

SEVAN MARINE ASA: Sale of 49% of KANFA AS completed

SEVAN MARINE ASA: Sale of 49% of KANFA AS completed

Reference is made to the notice from Sevan Marine ASA dated 4 April 2014

regarding the sale of 49% of KANFA AS to Technip Norge AS. The transaction was

completed today.

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:

Marit Ytreeide, Press Contact (Media)

+47 901 28 308 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)

+47 37 40 40 00 office

Kjetil Vangsnes, CFO, Sevan Marine ASA (Analysts)

+47 37 40 40 00 office

[HUG#1776023]