SDRL - Contemplating issuing new unsecured bonds

Hamilton, Bermuda, March 5, 2013 - Seadrill Limited is contemplating issuing new senior unsecured bonds in the Norwegian bond market with maturity in March 2018.

The net proceeds from the Bond Issue will be used for general corporate purposes.

DNB Markets, Nordea Markets, Pareto Securities, SEB and Swedbank First Securities are acting as Joint Lead Managers for the issuance.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.