Seadrill Limited — Major Shareholding Notification 2017

Dec 6, 2017

Notification Seadrill for Hemen Holding

Notification Seadrill for Hemen Holding

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 March 6th, 2018. The exercise price on the agreements is NOK 2.310235 per share. Hemen Holding Ltd's affiliated ownership in Seadrill is following this transaction unchanged 119,097,583 shares, constituting 23.41 percent of the issued share capital. In addition, Hemen Holding hold TRS agreements with exposure to 3,900,000 shares in Seadrill Limited.