June 18, 2012 at 03:12 AM EDT
SDRL - Mandatory Notification of Trade by Hemen Holding Limited

HAMILTON, BERMUDA -- (Marketwire) -- 06/18/12 -- Reference is made to the announcement by Hemen Holding Limited ("Hemen") on June 14, 2012.

Hemen has on June 15, 2012, acquired 600,000 shares in Seadrill from Goldman Sachs at a price of NOK224.8 per share. Following this transaction Hemen owns 110,297,583 shares, representing 23.57 percent of the outstanding shares in Seadrill and there are options for 4,800,000 shares outstanding related to the put option arrangement Hemen has with Goldman Sachs, which Hemen intends to take physical delivery of.

Hemen also has total return swap agreements with underlying economic exposure to 3.9 million Seadrill shares.

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

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE

[HUG#1620165]


Analyst contact
Rune Magnus Lundetrae
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19

Media contact
Alf Thorkildsen
Chief Executive Officer
Seadrill Management AS
+47 51 30 99 19

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