Archer

Regulatory Filings • Oct 28, 2010

SEAW - Seawell Limited has filed application for listing on OSE

Hamilton, Bermuda (October 28, 2010)

Reference is made to the news release of 23 September 2010 where Seawell

informed about the intent to apply for listing of its shares on Oslo Børs and

pursue approval at the meeting of the Oslo Børs Board of Directors November

24. If approved, the Company's shares would begin trading on the Oslo Børs

shortly thereafter. The application for listing was filed yesterday.

The Company has retained RS Platou Markets AS as manager (the "Manager") and

Wiersholm, Mellbye & Bech, advokatfirma AS as legal adviser in connection with

the listing process. The Manager has engaged Advokatfirmaet Schjødt DA and Ernst

& Young as advisers.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1456453]