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Hitt og þetta 20. apríl 2006

Invitation to presentation of Q1 2006 results

Jan Erik Tveteraas, CEO and Egil Kvannli, CFO will on the same day at 1:00 p.m. give a presentation of the result at Shippingklubben, Haakon VII`s gate 1, Oslo. The presentation will be in English.

The sound and presentation material will also be broadcasted LIVE on www.sevanmarine.com and www.oslobors.no/webcast. Please log on to the webcast 5 minutes in advance of the presentation start. If you wish to participate in the presentation in Oslo, please confirm to Henriette Sandvaag by email: hsa@sevanmarine.com or by phone: +47 51 94 49 66 within April 26, 2006.

For further information, please contact:

Jan Erik Tveteraas, CEO Sevan Marine ASA Phone: +47 51 94 49 60 w +47 95 21 49 25 m

Egil Kvannli, CFO Sevan Marine ASA Phone: +47 51 94 49 64 w +47 91 61 88 88 m

Sevan Marine ASA is an offshore technology company, which specializes in the market for floating production and storage of oil and gas. The Company has developed a new, cylinder shaped platform type named SSP (Sevan Stabilized Platform), which is suitable for use in all offshore environments. Sevan Marine has offices in Tananger and Arendal, Norway and in Rio de Janeiro, Brazil. The Company is listed on the Oslo Stock Exchange with ticker SEVAN. For more information, please refer to www.sevanmarine.com