Seadrill Limited — Director's Dealing 2014

Feb 5, 2014

SDRL - Mandatory notification of trade

SDRL - Mandatory notification of trade

Hamilton, Bermuda, February 5, 2014 - Seadrill Limited ("Seadrill") has settled

a Total Return Swap agreement (TRS) expiring on February 4, 2014 with 1,400,000

common shares in Seadrill Limited as underlying security. Seadrill has

subsequently entered into a new TRS agreement with exposure to 1,400,000

Seadrill Limited common shares. The expiry date for the new TRS is March

4, 2014 and the reference price is NOK226.6311 per share.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1759248]