Sevan Drilling Ltd: Q4 2016 earnings release date

Hamilton, Bermuda, February 13 ^th , 2017 - Sevan Drilling is scheduled to release its fourth quarter and preliminary 2016 results on Thursday February 23 ^rd , 2017. 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 Thursday February 23 ^rd , 2017. 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 3478 5300

UK Free call: 0800 279 5736

Norway: +47 2350 0486

Norway Free call: +47 800 56054

US: +1 718 971 5738

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: 7448535 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 from www.sevandrilling.com If you are unable to participate in the conference call, there is an opportunity to listen to a replay on www.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.