2013-08-29 12:43:04 -
Hamilton, Bermuda, August 29, 2013 - Seadrill Limited ("Seadrill") has financed
a portion of its exposure to Sevan Drilling ASA ("Sevan") through a forward
agreement. Seadrill has sold 120,065,464 shares and received a forward agreement
with exposure to the same number of shares. The shares have been sold at NOK
3.95 per share. The forward agreement runs until November 6, 2013 and has a
strike price of NOK 3.9737.
Seadrill controls 297,941,358 shares of Sevan, either through direct ownership
or forward agreements, representing 50.11% of all issued shares of Sevan.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: Seadrill Limited via Thomson Reuters ONE