Seadrill Limited — Major Shareholding Notification 2014

Mar 18, 2014

Notification

Notification

Hamilton, Bermuda, March 17th, 2014 - Drew Investment

Ltd, a company controlled by Seadrill Director Tor

Olav Trøim, has settled a Total Return Swap (TRS)

agreement underlying 400,000 shares in Seadrill

Limited expiring March 17th, 2014 and subsequently

entered into a new TRS agreement with exposure to the

same number of underlying shares 400,000. New expiry

date is January 8th 2015, and new TRS price is NOK

203,3525. Trøim's direct and indirect holding in

Seadrill Limited following this transaction is

635,000 shares and call option over

1.000.000 shares. Trøim controls after this in

addition TRS agreements with exposure to totally

600,000 shares in Seadrill Limited. These numbers

remain unchanged after the transaction.