Reference is made to previous announcements by Sevan Marine ASA (“Sevan Marine” or the “Company”). The shares currently traded on Oslo Børs under the trading symbol “SEVAN N”  (ISIN NO 001 0630502) were previously announced to be assumed under the ordinary ISIN for Sevan Marine shares, ISIN NO 001 0187032, on January 13, 2012.

Due to the settlement of the mandatory offer being finalized, the new shares currently traded on Oslo Børs under the trading symbol “SEVAN N”  (ISIN NO 001 0630502) will assume the ordinary share ISIN for Sevan Marine shares, ISIN NO 001 0187032, and be traded on Oslo Børs under the ordinary share trading symbol of Sevan Marine, “SEVAN”, on January 12, 2012, one day earlier than previously announced.

Sevan Marine ASA

Contacts:

Marit Ytreeide, Press Contact (Media)

+47 901 28 308 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)

+47 374 04 000 office

Reese McNeel, Sevan Marine ASA (Analysts)

+47 374 04 000 office