The ordinary General Meeting of Sevan Marine ASA has been scheduled for April 21, 2010.

The agenda will, amongst others, comprise election of Board of Directors:
- The ordinary term of office expires for two of the Directors;Hilde Drønen and Arne Smedal (Chairman)
- Replacement of Vibeke Strømme's Directorship who resigned from the Board of Directors in December 2009

Attached is a notice from the Nomination Committee to the shareholders in this respect.

The deadline for submitting proposals or views to the Nomination Committee on the election of Board of Directors is Wednesday March 17, 2010.

The members of the Nomination Committee can be contacted on the e-mail addresses set out below:

Arne Smedal (chairman): This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Mimi K. Berdal:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Christel Borge:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 To the Shareholders of Sevan Marine ASA 213.51 Kb

Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture. For more information, please refer to http://www.sevanmarine.com/.