SDRL - Mandatory notification of trade
Hamilton, Bermuda, March 4, 2014 - Seadrill Limited ("Seadrill") has settled a Total Return Swap agreement (TRS) expiring on March 4, 2014 with 1,400,000 common shares in Seadrill Limited as underlying security. Seadrill has subsequently entered into a new TRS agreement with exposure to 1,400,000 Seadrill Limited common shares. The expiry date for the new TRS is June 3, 2014 and the reference price is NOK224.7475 per share.
Additionally, Seadrill has a further outstanding TRS agreement with exposure to 1,600,000 Seadrill Limited common shares with expiry date of June 3, 2014 and the reference price of NOK220.0739 per share. Seadrill has a total of 3,000,000 common shares in Seadrill Limited as underlying security.
Seadrill currently has a holding of 164,403 of its own treasury shares.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.