SDRL - Seadrill approved for listing on the New York Stock Exchange

Hamilton, Bermuda, April 6, 2010 - Seadrill Limited is pleased to announce that

the registration by the Company with the United States Securities and Exchange

Commission to become a reporting company has been completed and that the Company

has been approved for listing of its common shares on the New York Stock

Exchange (NYSE). The common shares will be listed on the NYSE under the symbol

"SDRL" and trading is expected to begin on Thursday April 15, 2010.

John Fredriksen, President and Chairman, Seadrill Limited, commented, "Since its

incorporation in 2005, Seadrill has had the ambition to list on the New York

Stock Exchange. We have over the last years built one of the largest offshore

drilling companies and the listing marks an important milestone in the

development of our Company."

A copy of the Company's Registration Statement on Form 20-F may be found on the

SEC EDGAR databaseat:

http://www.sec.gov/Archives/edgar/data/1351413/000091957410002740/0000919574-10-

002740-index.htm

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1400607]

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