Seadrill Limited — Capital/Financing Update 2017

Apr 26, 2017

SDRL - Interim funding to North Atlantic Drilling Ltd. amended

SDRL - Interim funding to North Atlantic Drilling Ltd. amended

Hamilton, Bermuda, April 26, 2017 - Seadrill Limited ("Seadrill or the Company")

announces today that it has amended the revolving credit facility provided to

North Atlantic Drilling Ltd., a majority owned subsidiary, to mature on June

30, 2017 and increased it to $50 million. The facility was originally entered

into on January 31, 2017 for $25 million and extended previously to mature on

April 30, 2017. This interim funding arrangement has been put in place while

broader restructuring negotiations continue at both companies.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.