The employee representatives of the Board Line Bliksmark and Tord Broms Thorsen as well as the deputy employee board representatives have resigned from the Board as their employment with Sevan Marine ASA has been terminated following the transaction with Sembcorp Marine Integrated Yards Pte. Ltd.

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For further information, please contact:

Reese McNeel, CEO, Sevan Marine ASA
reese.mcneel@magnoraasa.com
+47 415 08 186

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.