Oskar Mykland Assumes Position as Sevan Marine's New CFO

Sevan Marine ASA announced that Oskar Mykland will join Sevan as with effect from January 1, 2009.

Oskar Mykland (42) has a bachelor's degree in finance from BI (Norwegian School of Management). He has more than 14 years experience in the offshore industry.

Prior to joining Sevan, Mykland held senior management positions with Saevik Supply ASA, as finance manager, Viking Supply Ships AS, as finance director, Waterfront Shipping ASA, as CFO, and latterly with Siem
Offshore ASA, as CFO, since 2006.