Seadrill Limited — Capital/Financing Update 2017

Sep 8, 2017

SDRL - Interim funding to North Atlantic Drilling Ltd. amended

SDRL - Interim funding to North Atlantic Drilling Ltd. amended

Hamilton, Bermuda, September 8, 2017 - Seadrill Limited ('SDRL' or 'the

Company') announces today that it has increased the capacity of the revolving

credit facility provided to North Atlantic Drilling Ltd., a majority owned

subsidiary, from $150 million to $200 million.

The facility was originally entered into on January 31, 2017 for $25 million

maturing on March 31, 2017. On April 25, 2017 the facility was amended to mature

on June 30, 2017 and was increased to $50 million. On June 27, 2017 the facility

was amended to mature on July 31, 2017 and was increased to $150 million.  On

July 27, 2017 the facility was extended to September 12, 2017.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.