Seadrill Limited — Major Shareholding Notification 2015

Jun 3, 2015

SDRL - Notification

SDRL - 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

September 7, 2015. The exercise price on the

agreements is NOK 97.6118 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.