SDRL - Announces three year contract extensions for jack-ups AOD I and AOD II

Hamilton, Bermuda, July 29, 2016 - Seadrill Limited ("SDRL" or "the Company") has received three year contract extensions from Saudi Aramco for the jack-ups AOD I and AOD II expiring in June 2019 and July 2019, respectively. The extensions are in direct continuation of the current contracts and will add approximately $225 million in contract backlog.
These units have been working for Saudi Aramco since 2013 and Seadrill is pleased to continue its long term relationship with Saudi Aramco.  
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.