Seadrill Limited — Major Shareholding Notification 2014

Mar 4, 2014

Disclosure of large shareholding

Disclosure of large shareholding

Hamilton, Bermuda, March 3rd, 2014 - Drew

Investment Ltd, a company controlled by Seadrill

Director Tor Olav Trøim, has settled a Total Return

Swap (TRS) agreement underlying 200,000 shares in

Seadrill Limited expiring March 3rd, 2014 and

subsequently entered into a new TRS agreement with

exposure to the same number of underlying shares

200,000. New expiry date is January 8th 2015, and new

TRS price is NOK 228,9135. 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.