Seadrill Limited — Director's Dealing 2015

Dec 4, 2015

SDRL - Mandatory notification of trade

SDRL - Mandatory notification of trade

Hamilton, Bermuda, December 4(th), 2015 - Seadrill Limited ("Seadrill") has

settled a Total Return Swap agreement (TRS) expiring on December 3, 2015 with

4,000,000 common shares in Seadrill Limited as underlying security. Seadrill has

subsequently entered into a new TRS agreement with exposure to 4,000,000

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

3, 2016 and the reference price is NOK49.5977 per share.

Seadrill currently has a holding of 318,740 of its own treasury shares.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1971358]