Seadrill Limited — AGM Information 2015

May 15, 2015

Protocol for general meeting SEVAN DRILLING ASA

ISIN: N00010455793 SEVAN DRILLING ASA General meeting date: 15/05/2015 14.00 Today: 15.05.2015

Shares class	FOR	Against		Abstain Poll in		Poll not registered Represented shares with voting rights
Agenda item i Opening and registration of attending shareholders
Ordinær	345,177,821		0 362,711	345,540,532	0	345,540,532
votes cast in %	99.90 %		0.00 % 0.11 %
representation of sc in %	99.90 %		0.00 % 0.11 %	100.00 %	0.00 0/0
total sc in %	58.05 %		0.00 % 0.06 %	58.11 %	0.00
Total	345,177,821			0 362,711 345,540,532	0	345,540,532
Agenda item 2 Election of a chairperson and a person to co-sign the minutes
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 %		0.00 % 0.00 Wo
representation of sc in %	100.00 %		0.00 % 0.00 %	100.00 %	0.00 %
total sc in %	58.11 %		0.00 % 0.00 %	58.11 %	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 3 Approval of the notice and the agenda
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 %		0.00 % 0.00 0/0
representation of sc in %	100.00 %		0.00 % 0.00 %	100.00 °%	0.00 0/0
total sc in %	58.11 %		0.00 % 0.00 %	58.11 %	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 4 Approval of the annual accounts and directors' report of the Company and the group for 2014, including allocation of the result of the year
Ordinær	345,540,532	0	0	345,540,532	0	345,540,532
votes cast in %	100.00 %	0.00%	0.00%
representation of sc in	100.00 %	0.00%	0.00%	100.00 %	0.00%
total sc in %	58.11 %	0.00%	0.00%	58.11 %	0.00%
Total	345,540,532	0	0	345,540,532	0	345,540,532
Agenda item 5 Determination of the remuneration of the members of the board of directors for 2014/2015
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 %		0.00 % 0.00 %
representation of sc in %	100.00 %		0.00 % 0.00 %	100.00 %	0.00 0/0
total sc in %	58.11 %		0.00 % 0.00 %	58.11 %	0.00
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 6 Remuneration to the Nomination Committee
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 %		0.00 % 0.00 %
representation of sc in %	100.00 %		0.00 % 0.00 %	100.00 Vo	0.00 0/0
total Sc in %	58.11 %		0.00 % 0.00 %	58.11 %	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 7 Approval of the remuneration of the Company's auditor
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 %		0.00 % 0.00 %
representation of sc in %	100.00 %		0.00 % 0.00 %	100.00 %	0.00
total sc in %	58.11 %		0.00 % 0.00 %	58.11 °k	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 8 Election of members to the board of directors
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532

VPS GeneralMeeting Side 2 av 3

Side $2$ av $3$

Shares class	FOR	Against	Abstain Poll in			Poll not registered Represented shares with voting rights
votes cast in %	100.00 0/0	0.00 %	0.00 0/0
representation of sc in %	100.00 %	0.00%	0.00	100.00	0.00 0/0
total sc in %	58.11 %	0.00 %	0.00 %	58.11	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 8.1 Erling Lind
Ordinær	345,540,532	Q		0 345,540,532	0	345,540,532
votes cast In %	100.00 %	0.00 %	0.00 %
representation of sc in %	100.00	0.00 %	0.00 %	100.00 %	0.00 %
total sc in %	58.11 0/0	0.00 %	0.00 %	58.11 %	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 8.2 Kristian Johansen
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 0/0	0.00 %	0.00 %
representation of sc in %	100.00 0/0	0.00 %	0.00 %	100.00 %	0.00 %
totalscin%	58.11%	0.00 %	0.00 °/u	58.11 %	0.00 %
Total	345,540,532	0		O 345,540,532	0	345,540,532
Agenda item 8.3 Per Wullf
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 °k	0.00 %	0.00 %
representation of sc in %	100.00 0/0	0.00%	0.00 %	100.00 %	0.00 %
total sc in %	58.11 0/0	0.00 %	0.00 %	58.11 %	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 8.4 Birgitte R. Vartdal
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 0/0	0.00 %	0.00
representation of sc in %	100.00 0/0	0.00 %	0.00 %	100.00 %	0.00 %
totalscin%	58.11%	0.00 %	0.00 %	58.11 0/0	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 8.5 Ragnhild M. Wiborg
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in 0/0	100.00	0.00 0/0	0.00 0/0
representation of sc in	100.00 0/0	0.00 0/0	0.00 0/0	100.00 0/0	0.00 %
total sc in %	58.11 0/0	0.00 %	0.00 %	58.11 %	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 9 Election of members to the Nomination Committee
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 %	0.00 %	0.00 %
representation of sc in %	100.00 %	0.00 %	0.00 %	100.00 °k	0.00 %
total sc in	58.11	0.00 0/0	0.00 %	58.11 %	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 9.1 Harald Thorstein, Chairman
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 0/0	0.00 %	0.00 %
representation of sc in	100.00 %	0.00 %	0.00 %	100.00 %	0.00 %
total sc in %	58.11 0/0	0.00 %	0.00 %	58.11 %	0.00 %
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 9.2 Jarle Sjo
Ordinær	345,540,532	0		0 345,540,532	0	345,540,532
votes cast in %	100.00 0/0	0.00%	0.00%
representation of sc in %	100.00 %	0.00 %	0.00 %	100.00 %	0.00 %
totalscin%	58.11%	0.00 %	0.00 %	58.11 0/0	0.00 0/0

Side $3$ av $3$

Shares class	FOR	Against	Abstain	Poll in	Poll not registered	Represented shares with voting rights
Total	1345,540,5321	0 1		01345,540,5321	0	345,540,532 1
Agenda item 9.3 Geir Tjetland
Ordinær	345,540,532	0	0	345,540,532	0	345,540,532
votes cast in %	100.00 %	0.00 %	0.00%
representation of sc in 0/0	100.00 %	0.00 %	0.00%	100.00 0/0	0.00 0/0
total sc in %	58.11%	0.00%	0.00%	58.11%	0.00%
Total	345,540,532	0		0 345,540,532	0	345,540,532
Agenda item 10 Statement regarding re-muneration for senior manage-ment
Ordinær		326,171,432 19,369,100		0 345,540,532	0	345,540,532
votes cast in %	94.40 %	5.61%	0.00 %
representation of sc in %	94.40 %		5.61 % 0.00 %	100.00 %	0.00 %
'• total sc in %	54.85 %	3.26 9/0	0.00 %	58.11 %	0.00 %
Total	326,171,432 19,369,100			0 345,540,532	0	345,540,532
Agenda item 11 Migration, Interim Balance and reduction of the Company's share capital to cover loss and distribution to the shareholders of the Company
Ordinær	345,166,707	373,825	0	345,540,532	0	345,540,532
votes cast in %	99.89 %	0.11 %	0.00%
representation of sc in	99.89 %	0.11 °h	0.00%	100.00 %	0.00%
total sc in %	58.05 0/0	0.06 %	0.00 0/0	58.11 %	0.00 0/0
Total	345,166,707	373,825	0	345,540,532	0	345,540,532
Agenda item 12 Detisting of Sevan Drilling ASA
Ordinær	345,166,707	373,825	0	345,540,532	0	345,540,532
votes cast in 0/0	99.89 %	0.11 %	0.00 0/0
representation of sc in %	99.89 %	0.11 %	0.00%	100.00 %	0.00 0/0
total sc in %	58.05 %	0.06 %	0.00%	58.11 %	0.00 0/0
Total	345,166,707	373,825	0	345,540,532	0	345,540,532

Registrar for the company: Signature company:

NORDEA BANK NORGE ASA SEVAN DRILLING ASA

Share information

	Name Total number of shares Nominal value Share capital		Voting rights
Ordinær	594,623,436	1.00 594,623,436.00 Yes
Sum:

§ 5-17 Generally majority requirement requires majority of the given votes

§ 5-18 Amendment to resolution

Requires two-thirds majority of the given votes like the issued share capital represented/attended on the general meeting