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<![CDATA[Sevan Drilling]]>

The board of Sevan Drilling ASA (the "Company") calls for an Annual General Meeting to be held at 1.00 pm (CET) on Tuesday, 15 May 2012, at the Company's premises in Tordenskioldsgate 6, Oslo, Norway. The notice has today been sent to all shareholders with a known address, and is enclosed hereto. The complete notice with all appendices can also be downloaded from the Company's web site, www.sevandrilling.com.

Shareholders who wish to attend the general meeting are requested to notify the Company within 5.00 pm (CET) on Friday, 11 May 2012, by submitting the enclosed attendance form to Nordea Bank Norge  ASA, Verdipapirservice, P.O Box 1166 Sentrum 0107 Oslo, Norway (fax: +47 22 48 63 49). Voting proxies may be given by using the enclosed proxy form.

For further information, please contact:

Scott Kerr, CEO, Sevan Drilling ASA
+47 99283890 mobile

Jon H. Wilmann, CFO, Sevan Drilling ASA
+47 90560406 mobile

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

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