Seadrill Limited — Major Shareholding Notification 2017

Sep 6, 2017

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 December 6th, 2017. The exercise

price on the agreements is NOK 2.089 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.