Seadrill Limited — Earnings Release 2014

May 19, 2014

Sevan Drilling ASA: Sevan Drilling announces first quarter 2014 earnings release date and conference call information

Sevan Drilling ASA: Sevan Drilling announces first quarter 2014 earnings release date and conference call information

Oslo, May 19, 2014 - Sevan Drilling is scheduled to release its first quarter

2014 results on Wednesday May 28, 2014.

In connection with the earnings release, a conference call/webcast will be held

as described below.

A conference call will be held at 11:00 a.m. CET on Wednesday May 28, 2014.

To listen to the management presentation of the results, the following options

are available:

A. Webcast

In order to register to listen to the conference call, please click this link.

B. Conference call

Call-in numbers:

International call: +44 (0)20 3427 1912

UK Free call: 0800 279 4841

Norway: +47 2350 0486

Norway Free call: +47 800 56054

US: +1 212 444 0481

US Free call: 1877 280 2342

The participants will be asked for their name, company and conference code. The

Sevan Drilling conference code is: 6209366

There will be a Q&A session subsequent to the presentation. Information on how

to ask management questions will be given at the beginning of the Q&A session.

In order to view the presentation while listening to the conference, please

download the presentation material from

www.sevandrilling.com

If you are unable to participate in the conference call, there is an opportunity

to listen to a replay on

www.sevandrilling.com (Investor Relations) or to listen to a playback by

dialling:

UK : +44(0)20 3427 0598

US : +1 347 366 9565

Norway: +47 2100 0498

Replay access number: 6209366#

Participant list information required: Full name & company

Replay will be available until midnight on June 4, 2014.

For further information, please contact:

Scott McReaken, CEO, Sevan Drilling ASA

+47 91194651 mobile

About Sevan Drilling:

Sevan Drilling ASA is an international offshore drilling contractor specializing

in the ultra deepwater segment. Sevan Drilling ASA is listed on Oslo Børs.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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