HAMILTON, BERMUDA--(Marketwire - Sep 4, 2012) - Seadrill has settled a Total Return Swap
agreement (TRS) expiring on September 3, 2012 with 2,000,000 common shares in
Seadrill Limited as underlying security. Seadrill has subsequently entered
a new TRS agreement with exposure to 2,000,000 Seadrill Limited common shares.
The expiry date for the new TRS is December 3, 2012 and the reference price is
NOK242.793 per share.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: Seadrill Limited via Thomson Reuters ONE