Seadrill Limited — Major Shareholding Notification 2015

Aug 11, 2015

Disclosure regarding Sevan Drilling Limited

Disclosure regarding Sevan Drilling Limited

(This is a copy of announcement from Seadrill

Limited, 11.08.2015 at 06:01 hours.)

Hamilton, Bermuda, August 11, 2015 - We refer to the

press release dated July 1, 2015 which announced the

forward agreements for Seadrill Limited's

("Seadrill") holdings in Sevan Drilling Limited

("Sevan") shares.

We rolled over one of these agreements on August 7,

We have rolled forward the remaining agreement

subsequent to its expiration.

Seadrill has entered into a forward agreement for

10,803,274 Sevan Drilling Limited shares expiring

November 6, 2015 with a strike price of NOK 8.9482.

Seadrill controls 14,897,068 shares of Sevan, either

through direct ownership or forward agreements,

representing 50.11% of all issued shares of Sevan.

This information is subject of the disclosure

requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act.