2013-02-07 08:43:17 -

Hamilton,  Bermuda, February 7, 2013 -  Reference is made  to the stock exchange
notice from Sevan Drilling ASA ("Sevan"), dated 15 January, 2013, where Seadrill
Limited  ("Seadrill") in a  private placement had  been allocated and subscribed
for   81,828,500 shares   in  Sevan  at  a  subscription  price  of  NOK  3.95.
Subsequently,  Seadrill received and accepted an offer from a commercial bank to
finance these shares. In connection to this, Seadrill has transferred its entire
allocation  to the same commercial bank and  entered into a forward agreement to
buy  the same number of shares. The forward agreement runs until May 6, 2013 and
has a strike price of NOK 3.9815   per share.

Following this transaction, Seadrill will not directly hold any shares in Sevan,
but  will be exposed through forward  agreements to 177,828,500 shares or 30.31
percent of the outstanding shares following completion of the private placement.

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#1676282]