Hamilton, Bermuda, February 5, 2014 - Seadrill Limited ("Seadrill") has settled
a Total Return Swap agreement (TRS) expiring on February 4, 2014 with 1,400,000
common shares in Seadrill Limited as underlying security. Seadrill has
subsequently entered into a new TRS agreement with exposure to 1,400,000
Seadrill Limited common shares. The expiry date for the new TRS is March
4, 2014 and the reference price is NOK226.6311 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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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via GlobeNewswire