Sevan Drilling Limited: Approval of Annual Accounts 2015

Hamilton, Bermuda, 28 April 2016 - The Board of Sevan Drilling Limited has approved the annual accounts for 2015. 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 25 February 2016.

Sevan Drilling Limited's annual report for 2015 will be published on the corporate web site  www.sevandrilling.com  and on  www.newsweb.no .

For further information, please contact:

Scott McReaken, CEO, Sevan Drilling Management AS

+47 91194651 mobile

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.