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Sevan Drilling ASA: Notice of EGM in Sevan Drilling ASA

Oslo, 16 January 2013

Reference is made to the stock exchange announcements issued by Sevan Drilling ASA (the "Company", ticker "SEVDR") on 14 and 15 January 2013. Notice is hereby given that an extraordinary general meeting of the Company for the purpose of issuing shares in the private placement and authorising the Company's board of directors to issue shares in the subsequent offering, as described in previous announcements, will be held at the offices of Advokatfirmaet Schjødt AS in Ruseløkkveien 14 in Oslo on 6 February 2013 at 12:00 CET.

The notice of the extraordinary general meeting and attendance/proxy forms are attached hereto. These documents have today been dispatched to all registered shareholders.

The notice of the extraordinary general meeting and attendance/proxy forms are also available at www.sevandrilling.com.

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For further information, please contact:

Scott Kerr, CEO (+47 992 83 890)             
Jon Wilmann, CFO (+47 905 60 406)

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This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the Australia, Canada, Japan or the United States.

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.

SEVDR_Notice EGM 6 February 2013

SEVDR_Proxy and attendance EGM 6 February 2013_Norwegian

SEVDR_Proxy and attendance EGM 6 February 2013_English

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