Archer

Regulatory Filings • Nov 25, 2010

SEAW - Approved for Listing on the Oslo Børs

Hamilton, Bermuda (November 25, 2010)

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

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

Exchange.

The Board of Oslo Børs (Oslo Stock Exchange) resolved in its meeting on November

24, 2010 to admit shares in Seawell Limited for listing on Oslo Børs.

The Financial Supervisory Authority of Norway has today approved the listing

prospectus.

The prospectus will be available atwww.seawellcorp.com  and

www.platoumarkets.com.

The prospectus can also be obtained from:

Seawell Management AS

Løkkeveien 107

P.O. Box 332

4002 Stavanger

Norway

Telephone: +47 51 30 80 00

Fax: +47 51 30 80 01

RS Platou Markets AS

Haakon VII's gate 10

P.O. Box 1474 Vika

N-0116 Oslo

Norway

Telephone: +47 22 01 63 00

Telefax: +47 22 01 63 10

The Company will have its first trading day, tomorrow, Friday November 26, 2010.

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

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

(Norwegian Securities Trading Act)

[HUG#1465619]