Seadrill Limited — Major Shareholding Notification 2017

Mar 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 June

7th, 2017. The exercise price on the agreements is NOK

10.8759 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.