SOURCE: Seadrill Limited

January 16, 2008 08:38 ET

SDRL - Disclosure regarding Aker Drilling ASA

HAMILTON, BERMUDA--(Marketwire - January 16, 2008) -

Seadrill has today sold 431,400 shares in Aker Drilling ASA at an average price of NOK39.50. After these transactions Seadrill controls 18,203,900 shares in Aker Drilling ASA through ownership of shares and forward contracts which correspond to 19.57 percent of total outstanding shares in Aker Drilling ASA.

The total ownership percentage has been calculated based on an issued share capital in Aker Drilling ASA of 93,000,000 shares.

Seadrill Limited Hamilton Bermuda January 16, 2007

Analyst contact:
Jim Dåtland
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19

Media contact:
Trond Brandsrud
Chief Financial  Officer
Seadrill Management AS
+47 51 30 99 19

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