Seadrill Limited — Major Shareholding Notification 2015

Dec 8, 2015

Notification

Notification

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

June 3, 2016. The exercise price on the

agreements is NOK 43.1239 per share. Hemen Holding

Ltd's affiliated ownership in Seadrill is following

this transaction unchanged 119,097,583 shares,

constituting 24.15 percent of the issued share

capital. In addition, Hemen Holding hold TRS

agreements with exposure to 3,900,000 shares in

Seadrill Limited.