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<![CDATA[Sevan Drilling]]>
Reference is made to the stock exchange notice issued by Pareto Securities AS on 3 May 2011 regarding potential stabilization activities in respect of the shares in Sevan Drilling ASA (ticker: SEVDR, ISIN: NO001 455793) in the period from 2 May 2011 to and including 2 June 2011.

Pareto Securities AS hereby gives notice that stabilisation was undertaken in relation to the shares in Sevan Drilling ASA, as set out below. For each of the dates during which stabilization transactions were carried out, the price range was as follows:

 

Price
Date Minimum Maximum
3. may 2011 7,10 7,95
4. may 2011 7,64 7,87
5. may 2011 7,53 7,75
6. may 2011 7,47 7,51
9. may 2011 7,45 7,70
10. may 2011 7,50 7,66
11. may 2011 7,57 7,90
12. may 2011 7,25 7,55
13. may 2011 7,16 7,35
16. may 2011 7,05 7,20
18. may 2011 7,10 7,15
19. may 2011 7,25 7,30
20. may 2011 7,29 7,49
23. may 2011 7,00 7,20
24. may 2011 6,52 6,98
25. may 2011 5,90 6,60
26. may 2011 4,95 5,80
27. may 2011 5,49 5,75

 

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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