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2014-05-21

Sevan Marine ASA: SEVAN MARINE ASA - First Quarter 2014 Results

Operating revenue for first quarter 2014 amounted to USD 24.6 million. EBITDA
was positive with USD 1.6 million, and net profit was positive with USD 2.3
million.

Equity at the end of first quarter 2014 amounted to USD 128.7 million and
total assets were USD 164.7 million.

Read more in the attached report.

Carl Lieungh (CEO) and Kjetil Vangsnes (CFO) will today at 1:00 p.m. (CET)
give a presentation of the results at Hotel Continental, Stortingsgaten
24/26, Oslo.

The presentation will be in English.

The presentation will also be broadcasted LIVE on www.sevanmarine.com.

It is recommended that you log on to the webcast 5 minutes in advance of the
presentation.

If you wish to attend the presentation in Oslo, please confirm by email:
IR@sevanmarine.com

If you wish to call-in to listen to the presentation, please find the call-in
details attached.

**********

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
Q1 2014 Report
http://hugin.info/135366/R/1787505/613788.pdf
Call in Details
http://hugin.info/135366/R/1787505/613789.pdf

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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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