SDRL - Launch of Mandatory offer

SDRL - Launch of Mandatory offer 
HAMILTON, BERMUDA -- (Marketwire) -- 11/09/12 --  With reference to
the announcement made by Seadrill Limited ("Seadrill") on 26 October
2012, Seadrill has resolved to launch an unconditional mandatory
offer for all the issued and outstanding shares of Asia
Drilling Limited ("AOD") at a price of NOK 28.71 per AOD share
"Mandatory Offer"). 
The offer period in the Mandatory Offer runs from and including 12
November 2012 to 16:30 hours (CET) on 10 December 2012, and may be
extended by up to two
Platou Markets AS acts as financial advisors to Seadrill in relation
to the Mandatory Offer, and as the receiving agent in relation
The complete terms of the Mandatory Offer are set out in an offer
document dated
9 November 2012, approved by Oslo Bors, and which will
be distributed to all shareholders in AOD with known addresses and
that legally may receive such document and accept the Mandatory
The offer document is available free of charge at the website of the
agent ( and at the office of the
receiving agent (Address:
Platou Markets AS, Haakon VII's gate 10,
P.O. Box 1474 Vika, 0116 Oslo, Norway,
Tel: +47 22 01 63 00). 
About Seadrill Limited 
Seadrill is a leading offshore deepwater drilling company, aiming to
be our customers' most important partner in making oil and gas
available in a safe and
cost-effective manner. The company operates a
versatile fleet of 67 units that
comprises drillships, jack-up rigs,
semi-submersible rigs and tender rigs for
operations in shallow to
ultra-deepwater areas in harsh environment and benign
Seadrill has some 8000 skilled and highly competent
representing some 50 nationalities, operating in 15
countries on five continents. Seadrill is listed on the New York
Stock Exchange and the Oslo Stock
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#1656796] 
For further information please contact: 
Rune Magnus Lundetrae
Tel: +47 51 30 90 00
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