HAMILTON, BERMUDA--(Marketwire - Jun 25, 2012) - Reference is made to the announcement by
Holding Limited ("Hemen") on June 14, 2012.
Hemen has on June 22, 2012, acquired 600,000 shares in Seadrill from
Sachs at a price of NOK224.8 per share. Following this transaction Hemen
113,297,583 shares, representing 24.21 percent of the outstanding shares in
Seadrill and there are options for 1,800,000 shares outstanding related to
put option arrangement Hemen has with Goldman Sachs, which Hemen intends to
physical delivery of.
Hemen also has total return swap agreements with underlying economic
3.9 million Seadrill shares.
This information is subject of the disclosure requirements pursuant to
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE