SDRL - Disclosure regarding Sevan Drilling ASA

SDRL - Disclosure regarding Sevan Drilling ASA 
HAMILTON, BERMUDA -- (Marketwire) -- 02/07/13 --  Reference is made 
to the stock exchange notice from Sevan Drilling ASA ("Sevan"), dated
15 January, 2013, where Seadrill
Limited  ("Seadrill") in a  private
placement had  been allocated and subscribed
for   81,828,500 shares 
 in  Sevan  at  a  subscription  price  of  NOK 3.95.
Seadrill received and accepted an offer from a commercial bank to
finance these shares. In connection to this, Seadrill has transferred
its entire
allocation  to the same commercial bank and  entered into a
forward agreement to buy  the same number of shares. The forward
agreement runs until May 6, 2013 and has a strike price of NOK 3.9815
per share. 
Following this transaction, Seadrill will not directly hold any
shares in Sevan,
but  will be exposed through forward  agreements to
177,828,500 shares or 30.31
percent of the outstanding shares
following completion of the private placement. 
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
(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 
+47 51 30 99 00
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