Seadrill Limited - Major Shareholding Notification 2014

Notification of Large Shareholding

Disclosure of large shareholding in Seadrill Limited

("the Company") under section 4 of the securities

trading act.

This notification relates to the ordinary shares

("the shares") of the Company.

We hereby notify you that on 16 April 2014 Morgan

Stanley & Co.LLC acquired an interest in the shares

through a stock borrowing agreement that resulted in

our having a disclosable interest in 5,339,495

shares, being approximately 1.14% of the issued share

capital of the Company.

In addition and as at the same date, Morgan Stanley

Smith Barney LLC held an interest of 18,588,351

shares, being approximately 3.96% of the issued share

capital of the Company and Bank Morgan Stanley AG

held an interest of 22,916 shares, being

approximately 0.005% of the issued share capital of

the Company.

As a result Morgan Stanley held a total interest of

23,950,762 shares being approximately 5.10% of the

issued share Capital of the Company.

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