Sevan Drilling ASA will with effect from today, 7 April 2011, change its ticker on Oslo Børs from "SDRILL" to "SEVDR".

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

Sevan Drilling ASA is an international offshore drilling contractor specializing in the UDW segment. Sevan Drilling ASA has applied for a listing on Oslo Børs.

For further information, please contact:

Jon H. Wilmann, CFO, Sevan Drilling ASA (Media)

+47 64001847 office

+47 90560406 mobile

Birte Norheim, VP Finance, Sevan Marine ASA (Analyst)

+47 37404201 office

+47 95293321 mobile

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