Sevan Drilling : Sevan Drilling ASA: Order Received from Seadrill in the Private Placement

   Sevan Drilling : Sevan Drilling ASA: Order Received from Seadrill in the
                              Private Placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

Oslo, 14 January 2013

Reference is made to the announcement made by Sevan Drilling ASA (the
"Company") earlier today regarding a contemplated private placement of USD 175
million through an issue of new shares in the Company directed towards
Norwegian and international investors (the "Private Placement").

The managers for the Private Placement have confirmed that a firm order has
been received from the Company's largest shareholder, Seadrill Ltd, which can
give Seadrill an ownership of maximum 33.3% post completion of the Private
Placement. The order is made with a price limit of NOK 3.95 per share.

Pareto Securities AS and Swedbank First Securities act as joint lead managers
and joint bookrunners and Carnegie is acting as co-manager for the Private
Placement. Rothschild is acting as financial adviser to the Company.

                                     ****

This press release does not constitute or form part of an offer or
solicitation to purchase or subscribe for securities in the United States. The
securities referred to herein may not be offered or sold in the United States
absent registration or an exemption from registration as provided in the U.S.
Securities Act of 1933, as amended. The Company does not intend to register
any portion of the offering of the securities in the United States or to
conduct a public offering of the securities in the United States. Copies of
this announcement are not being made and may not be distributed or sent into
the Australia, Canada, Japan or the United States.



For further information, please contact:

Scott Kerr, CEO, Sevan Drilling ASA
+47 99283890 mobile

Jon H. Wilmann, CFO, Sevan Drilling ASA
+47 90560406 mobile

About Sevan Drilling:
Sevan Drilling ASA is an international offshore drilling contractor
specializing in the ultra deepwater segment. Sevan Drilling ASA is listed on
Oslo Børs.

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

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Source: Sevan Drilling via Thomson Reuters ONE
HUG#1670316