SDRL - Mandatory notification of trade
Hamilton, Bermuda, November 20, 2013 - Seadrill Limited ("the Company") has through market purchases executed on November 19, repurchased 300,000 of the Company's own common stock at an average price of NOK279.6 per share.
In connection with the Company's Employee Share Ownership Plan (ESOP), eligible option holders have exercised options to acquire 526,343 common shares at strike prices varying from NOK20.7 to NOK202.1 per share.
The Company has used treasury shares to settle the obligation related to the share option plan.
After these transactions the Company has a holding of 321,316 treasury shares.
The Total Return Swap agreement entered into on September 5th, 2013 at the same time has been reduced from 1.7 million shares to 1.4 million shares.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.