SDRL - Mandatory notification of trade

Hamilton, Bermuda, June 2, 2014 - Kate Blankenship, Director of Seadrill Limited, has exercised options to acquire 20,000 shares in Seadrill Limited at a price of US$2.00 per share. Her holding in Seadrill Limited following this transaction is 61,000 shares and no options.

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