Seadrill Limited — Capital/Financing Update 2016

Oct 4, 2016

SDRL - Press Release

SDRL - Press Release

Hamilton, Bermuda, October 4th, 2016 - Seadrill Limited ("Seadrill") advises

that it is aware of an article published by Bloomberg today regarding the

Company's ongoing refinancing and recapitalization plans.

We refer to our previously published communications in this regard.  The Company

remains in discussions with its stakeholders regarding its refinancing and

recapitalization plans and there are no material developments to disclose.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.