Sevan Drilling ASA: Intra-Group Merger Between Sevan Drilling and Wholly Owned Subsidiaries

As previously announced, to optimize the group's legal structure Sevan Drilling is in the process of consolidate certain of its wholly owned subsidiaries through a simplified intra-group merger pursuant to the Norwegian Public Companies Act section 13-24, with all the subsidiaries' rights and obligations being transferred to the company without consideration. The company expects the mergers to complete in Q3. Updated merger documents are available at the company's offices and on

For further information, please contact:

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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