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Sevan Drilling ASA: Approval of Annual Accounts 2012

The Board of Sevan Drilling ASA has approved the annual accounts for 2012. Except for minor adjustments, there are no changes in the income statement or equity compared with the preliminary annual figures presented in connection with the Q4 announcement on 28 February 2013.

Sevan Drilling ASA's annual report for 2012 will be published shortly on the corporate web site www.sevandrilling.com and on www.newsweb.no.

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 to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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