Seadrill Limited — Director's Dealing 2010

Apr 16, 2010

SDRL - Mandatory notification of trade

Limasol, Cyprus, April 16, 2010 - Drew Investment Ltd, a company controlled by

Seadrill Director Tor Olav Trøim, has through market transactions on April

15, 2010 bought 10.000 shares in Seadrill Limited at a price of US$26.90 per

share. Trøim's direct and indirect holding in Seadrill Limited following this

transaction is 635,000 shares. Trøim controls in addition TRS agreements with

exposure to totally 400,000 shares in Seadrill Limited.

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

(Norwegian Securities Trading Act)

[HUG#1404413]