SOURCE: Seadrill Limited

April 06, 2010 03:19 ET

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

HAMILTON, BERMUDA--(Marketwire - 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]

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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