FPSO'S

[10 bagger]

SEVAN.ol,, SVMRF.pk

http://www.newsweb.no/newsweb/search.do?messageId=229951

SEVAN: Presentation materials Q4 2008


Please find attached the presentation materials for the presentation of
the fourth quarterly results that will be given today, February 27.


Jan Erik Tveteraas, CEO, Birte Norheim, Vice President Finance and Arne
Smedal, Chairman of the Board will at 2:00 p.m. give a presentation of
the results at Shippingklubben, Haakon VII`s gate 1, Oslo. The
presentation will be in English.

The sound from the presentation will also be broadcasted LIVE on
http://www.sevanmarine.com/ and www.oslobors.no/webcast. Please log onto
the webcast 5 minutes in advance of the presentation start. Also please
download the presentation material from http://www.sevanmarine.com/ to
view it while listening to the conference. If you wish to dial- in to
the presentation, please see the details attached.


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 floating production, storage and offloading units (FPSOs) and
three drilling units contracted to 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/.

For information, please contact:

Jan Erik Tveteraas, CEO, Sevan Marine ASA (Media)
[phone] office
[phone] mobile

Birte Norheim, VP Finance, Sevan Marine ASA (Analysts)
[phone] office
[phone] mobile