Seadrill Limited — Major Shareholding Notification 2017

Mar 1, 2017

Archer Private Placement

Archer Private Placement

Reference is made to the stock exchange notice from Archer Limited

(Archer) in connection with the private placement of new shares.

Upon completion of the private placement, Seadrill Ltd will own 23,105,324

shares in Archer, representing approximately 16% of the issued shares and

voting rights in the company. In addition, Seadrill will be given the

right to subscribe for new shares in a subsequent offering, with the

number of such rights to be confirmed, as further described in a stock

exchange notice from Archer today.