SEVAN DRILLING AS 16.10.2015
Referenceis madeto theCompany'spress release dated 29 June 2015 regardingBrazilian authorities' investigation into corrupt activities involvingPetrobras.
In 2011, Sevan Drillingwas separated out from the 100% ownership of Sevan Marine ASA and listed separately on the Oslo stock exchange.The Company notes thatSevan Marine ASA hastodayissued a Stock Exchange noticeadvisingthat itsBoard has received the investigation report fromAdvokatfirmaetSelmer DA and has decided to hand it over to the Norwegian authority for investigation and prosecution of economic and environmental crime ('ØKOKRIM').
Against this background,the Companyreportsthat Sevan DrillingASAhas beenaccused ofbreaches of Sections 276 a and 276 b of the Norwegian Criminal Code in respect ofpaymentsmade in connection with theperformanceduring 2012 to 2015ofdrillingcontracts originally awardedbyPetrobrasto Sevan MarineASAin the period between2005-2008.In connection with the accusation,ØKOKRIMhasperformedasearch and seizure in the Company's offices.The Companyis co-operating with theauthoritiesin identifying and making available all documents,which theauthoritiesconsider relevant.
The Companywill continue to cooperate with authoritiesin all relevant jurisdictions.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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