HAMILTON, Bermuda, June 15, 2012 - Reference is made to the announcement by Hemen Holding Limited ("Hemen") on June 14, 2012.
Hemen has on June 14, 2012, acquired 600,000 shares in Seadrill from Goldman Sachs at a price of NOK224.8 per share. Following this transaction Hemen owns 109,697,583 shares, representing 23.44 percent of the outstanding shares in Seadrill. Following this transaction, there are options for 5,400,000 shares outstanding related to the put option arrangement Hemen has with Goldman Sachs, which Hemen intends to take physical delivery of.
Hemen also has total return swap agreements with underlying economic exposure to 3.9 million Seadrill shares.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.