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Application to be transferred from Oslo Axess to Oslo Børs

On 13 May 2011, Sevan Drilling announced that an application to be transferred from Oslo Axess to Oslo Børs had been made, for approval in the Oslo Børs board meeting on 15 June. With the current share price, Sevan Drilling does not have 500 shareholders with the required shareholdings to satisfy the listing requirements on Oslo Børs. The application has, therefore, been stayed, pending future developments. A new application will be filed once the requirements are satisfied.

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:

 

Scott Kerr, CEO, Sevan Drilling ASA (Media)

+47 99283890 mobile

 

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

+47 64001847 office

+47 90560406 mobile

 

 

 

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