BLMF Holding AS, which is controlled by Lars Ødeskaug, COO of Sevan Marine ASA,
has March 6, 2012, bought 40,000 shares in Sevan Marine ASA for an average price
NOK 13.05 per share.

Following this acquisition, Lars Ødeskaug controls 289,000 shares in Sevan
Marine ASA.

The information in this announcement is subject to the disclosure requirements
of the Norwegian Securities Trading Act section 5-12 and/or the Continuing
Obligations of Oslo Børs.



[HUG#1591671]