Seadrill Limited — Capital/Financing Update 2014

Mar 6, 2014

SDRL - Contemplating issuing new unsecured bonds

SDRL - Contemplating issuing new unsecured bonds

Hamilton, Bermuda, March 6, 2014 - Seadrill is contemplating issuing new senior

unsecured bonds denominated in Swedish kronor in the Norwegian bond market with

maturity in March 2019.

The net proceeds from the Bond Issue will be used for general corporate

purposes.

Danske Bank Markets, Nordea Markets and Swedbank Norway are acting as Joint Lead

Managers for the issuance.

Media contact

Rune Magnus Lundetræ

Chief Financial Officer

Seadrill Management Ltd.

+44 (0) 7766 071010

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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