SOURCE: Seadrill Limited

October 10, 2008 02:36 ET

SDRL - Mandatory notification of trade

HAMILTON, BERMUDA--(Marketwire - October 10, 2008) -

Drew Investment Ltd, a company controlled by Seadrill Director Tor Olav Trøim, has through market purchases October 9, 2008 purchased 25,000 ordinary shares in Seadrill Limited at a price of NOK76.40 per share.

Trøim's direct and indirect holding in Seadrill Limited following this transaction is 325,000 shares and 275,000 options. Trøim controls in addition TRS agreements with exposure to totally 400,000 shares in Seadrill Limited.

Seadrill Limited
Hamilton, Bermuda
October 9, 2008

Analyst contact:

Jim Daatland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19

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