Referring to the stock exchange notices published by Sevan Marine ASA on 4th September and 12th October 2018, the transaction with Sembcorp Marine Integrated Yards Pte. Ltd, has been completed and a new company Sevan SSP AS is established. Following the extraordinary general meeting on 12th October 2018, Sevan Marine ASA has been renamed to Magnora ASA.

For further information, please read Magnora ASA press releases.

Please visit www.sevanssp.com for more information regarding the Sevan design.