Seadrill Limited — M&A Activity 2017

May 31, 2017

Sevan Drilling Ltd: Sevan Developer Delivery Deferral Agreement Deferred Further

Sevan Drilling Ltd: Sevan Developer Delivery Deferral Agreement Deferred Further

Hamilton, Bermuda, May 31, 2017, Sevan Drilling Ltd ("Sevan" or the "Company")

announces the delivery deferral agreement for the Sevan Developer was further

deferred to June 30, 2017 to complete and finalize negotiations. Other terms of

the deferral agreement have not been amended, including the right to refund the

final investment.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.