Sevan Drilling Ltd: Q3 2016 earnings release date and conference call information

Hamilton, Bermuda, November 11th, 2016 - Sevan Drilling is scheduled to release its third quarter 2016 results on Tuesday November 22nd, 2016.

In connection with the earnings release, a conference call/webcast will be held as described below.

A conference call will be held at 11:00 a.m. CET on Tuesday November 22nd, 2016.

To listen to the management presentation of the results, the following options are available:

A. Webcast
In order to register to listen to the conference call, please click this link.

B. Conference call
Call-in numbers:
International call: +44 (0)20 3427 1910
UK Free call: 0800 279 5004
Norway: +47 2350 0486
Norway Free call: +47 800 56054

US: +1 646 254 3362
US Free call: +1 877 280 2296

The participants will be asked for their name, company and conference code. The Sevan Drilling conference code is: 4956567

There will be a Q&A session subsequent to the presentation. Information on how to ask management questions will be given at the beginning of the Q&A session.

In order to view the presentation while listening to the conference, please download the presentation material fromwww.sevandrilling.com

If you are unable to participate in the conference call, there is an opportunity to listen to a replay onwww.sevandrilling.com(Investor Relations)

Participant list information required: Full name & company

For further information, please contact:

Scott McReaken, CEO, Sevan Drilling Management AS

About Sevan Drilling:

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

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