SDRL - Dividend information

Hamilton, Bermuda, March 1, 2011 - Reference is made to the fourth quarter 2010 report released on February 24, 2011. Seadrill Limited will be trading ex- dividend of a cash dividend of US$0.875 per share on March 2, 2011. The record date is March 4, 2011, and the dividend will be paid on or about March 16, 2011. This information is subject of the disclosure requirements pursuant to section 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 [HUG#1493254]