Sevan Drilling Update

Sevan Drilling has today applied for a transfer of the listing of its shares to Oslo Børs main list, from Oslo Axess, following an increase in the number of shareholders to more than 500. It is expected that the board of directors of Oslo Børs will consider the application in its board meeting on June 15, 2011.


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

Sevan Drilling ASA is an international offshore drilling contractor specializing in the ultra deepwater segment. Sevan Drilling ASA is listed on Oslo Axess.

For further information, please contact:


Jan Erik Tveteraas, CEO, Sevan Drilling ASA (Media)

+47 37404000 office

+47 95214925 mobile


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

+47 64001847 office

+47 90560406 mobile

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