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2014-04-09

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sevan Marine ASA via Globenewswire

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