Seadrill Limited — Capital/Financing Update 2014

May 15, 2014

Oslo Børs - SDRL08 - New bond issue to be listed 16.05.2014

Oslo Børs - SDRL08 - New bond issue to be listed 16.05.2014

New bond issue to be listed on Oslo Børs on the

16.05.2014

Issue name: Seadrill Ltd 14/19 FRN SEK

Ticker: SDRL08

Instrument ID: 1301037

ISIN: NO0010705791

Segment: OBOC

Country: NO

Trading currency: SEK

Current outstanding principal amount: 1 500 mill,

open bond issue

Interest accrual date: 18.03.2014

Maturity date: 18.03.2019

Coupon rate: 4.182 % p.a. (3 month STIBOR + 3.25 %

p.a.)

Sector list: Major Bonds Sector (OMJ)

Managers: Nordea Markets, Danske Markets, Swedbank

Central Securities Depository: VPS

Oslo Børs has received approved prospectus which will

be available at [http://www.oslobors.no] and

[http:/www.seadrill.com] from the first day of

listing.