Seadrill Limited — Director's Dealing 2010

Apr 8, 2010

SDRL - Mandatory notification of trade

Drew Investment Ltd, a company controlled by Seadrill Director Tor Olav Trøim,

has settled a Total Return Swap (TRS) agreement underlying 400,000 shares

expiring April 7, 2010 and subsequently entered into a new TRS agreement with

exposure to the same number of underlying shares 400,000. New expiry date is

July 2, 2010, and new TRS price is NOK148.5468. Trøim's direct and indirect

holding in Seadrill Limited following this transaction is 625,000 shares. Trøim

controls after this in addition TRS agreements with exposure to totally 400,000

shares in Seadrill Limited. These numbers remain unchanged after the

transaction.

April 8, 2010

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1401313]