Seadrill Limited : SDRL - Disclosure regarding Sevan Drilling ASA

      Seadrill Limited : SDRL - Disclosure regarding Sevan Drilling ASA

Hamilton, Bermuda, January 30, 2013 - Seadrill Limited ("Seadrill") has
received and accepted an attractive offer from a commercial bank to finance
its current exposure to Sevan Drilling ASA ("Sevan") through a forward
agreement. Seadrill has in connection with this sold its existing 96,000,000
shares and received aforward agreement with exposure to the samenumber of
shares. The shares have been sold at NOK 3.95 per share. The forward agreement
runs until 30 April 2013 and has a strike price of NOK 3.9851. Following the
new agreement Seadrill are not longer directly owners of any shares in Sevan,
but are exposed though forward agreements to 96,000,000 shares or 28,52
percent of the outstanding shares.

The total ownership percentage has been calculated based on an issued
sharecapital in Sevan of 336,625,000 shares and do not include the issuance
of the new planned private placement.


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

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

Source: Seadrill Limited via Thomson Reuters ONE
HUG#1674304
 
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