SOURCE: Seadrill Limited

June 09, 2008 02:42 ET

SDRL - Notification of trade

HAMILTON, BERMUDA--(Marketwire - June 9, 2008) -


In connection with his resignation from the CEO position, primary insider Kjell E Jacobsen has exercised options for 175,000 Seadrill Limited shares at strike price NOK97.61. Simultaneously, Kjell Jacobsen has sold 175,000 shares at an average price of NOK160.63. Mr Jacobsen's continues to hold options for 275,000 shares.

Simultaneously Seadrill Limited's holding of own shares has been reduced by 175,000 shares to 877,700 shares.


Seadrill Limited Hamilton, Bermuda June 9, 2008


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

Media contact
Alf C Thorkildsen
Chief Executive Officer
Seadrill Management AS
+47 51 30 99 19
Seadrill Limited


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