Seadrill Limited - Board/Management Information 2014

SDRL - Changes to the Board of Directors

Hamilton, Bermuda, September 19, 2014 - Seadrill Limited ("Seadrill" or "the

Company") announces today that Tor Olav Trøim has decided not to stand for re-

election to the Board of Directors in order to focus his efforts on developing

Golar LNG.

The Board would like to thank Mr Trøim for his many years of service and role in

developing Seadrill into the world's leading offshore drilling contractor.

John Fredriksen, Chairman of the Board of Directors comments, "I consider my

stake in Seadrill a long term investment and investors can rest assured that no

divestment is considered for the foreseeable future. The Board has gone to

great lengths to build a strong and independent management team and we are

pleased with the results of our efforts. The team we have in place has a long

history with the company and brings the energy and leadership required to drive

results going forward. Although the market currently is challenging, the long

term fundamentals of the offshore drilling business are well intact. I look

forward to many years of growth and profitability with this world-class

organization."

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1857197]

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