Seadrill Limited - Earnings Release 2016

Sevan Drilling Ltd: Q1 2016 earnings release date and conference call information

Hamilton, Bermuda, May 16(th), 2016 - Sevan Drilling is scheduled to release

its first quarter 2016 results on Thursday May 26(th), 2016.

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. CEST on Thursday May 26(th), 2016.

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 1910

UK Free call: 0800 279 5004

Norway: +47 2350 0486

Norway Free call: +47 800 56054

US: +1 646 254 3362

US Free call: +1 877 280 2296

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

Sevan Drilling conference code is: 4956567

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)

Participant list information required: Full name & company

For further information, please contact:

Scott McReaken, CEO, Sevan Drilling Management AS

+47 22 33 00 00

About Sevan Drilling:

Sevan Drilling Limited is an international offshore drilling contractor

specializing in the ultra deepwater segment. Sevan Drilling Limited 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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