SDRL - Mandatory notification of trade
Hamilton, Bermuda, February 28, 2014 - Seadrill Limited ("Seadrill") has entered into a new Total Return Swap agreement (TRS) with DNB Bank ASA ("DNB") expiring on June 3, 2014 with 1,600,000 common shares in Seadrill Limited as underlying security. The reference price for the trade is NOK220.0739 per share.
Additionally, Seadrill has an outstanding TRS agreement with exposure to 1,400,000 Seadrill Limited common shares with expiry date of March 4, 2014 and the reference price of NOK226.6311 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.