SDRL - MANDATORY NOTIFICATION OF TRADE BY HEMEN HOLDING LIMITED

HAMILTON, Bermuda, June 28, 2012 - Reference is made to the announcement by Hemen Holding Limited ("Hemen") on June 14, 2012.

Hemen has on June 27, 2012, acquired 600,000 shares in Seadrill from Goldman Sachs at a price of NOK224.8 per share. Following this transaction Hemen owns 115,097,583 shares, representing 24.60 percent of the outstanding shares in Seadrill. By this transaction Hemen has concluded the option arrangement it had with Goldman Sachs.

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.

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