Seadrill Limited — Major Shareholding Notification 2017

Jun 7, 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 September 6th, 2017.

The exercise price on the agreements is NOK 3.888 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.