Seadrill Limited — Major Shareholding Notification 2014

Jun 13, 2014

DISCLOSURE OF LARGE SHAREHOLDINGS

DISCLOSURE OF LARGE SHAREHOLDINGS

Hemen Holding Ltd, which is indirectly controlled by

trusts established by John Fredriksen for the benefit

of his immediate family, has extended TRS

agreements relating to 3.9 million shares in Seadrill

Limited. The new expiration of the TRS agreements is

September 3rd 2014. The exercise price on the

agreements is NOK 232.9738 per share. Hemen Holding

Ltd's affiliated ownership in Seadrill is following

this transaction unchanged 115,097,583 shares,

constituting 24.60 percent of the issued share

capital. In addition, Hemen Holding hold TRS

agreements with exposure to 3,900,000 shares in

Seadrill Limited and Famatown owns call options over

2.000.000 shares.