SOURCE: Seadrill Limited

March 10, 2008 04:04 ET

SEADRILL LIMITED: DISCLOSURE REGARDING ODFJELL INVEST ASA

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



On March 7, 2008, Seadrill sold 13,948,000 shares in Odfjell Invest ASA and simultaneously entered into a forward contract for the equivalent number of shares with due date on September 8, 2008. Following these transactions, Seadrill controls 13,948,000 shares corresponding to 10.01 percent of the outstanding shares.

The total ownership percentage has been calculated based on an issued share capital in Odfjell Invest ASA of 138,315,599 shares.



Seadrill Limited
Hamilton Bermuda
March 10, 2008


Jim Dåtland
Tel.: 0047 51 30 99 19



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