SDRL - Mandatory notification of trade
Hamilton, Bermuda, April 23, 2014 - Seadrill Limited ("the Company") has through market purchases executed on April 22, repurchased 300,000 of the Company's own common stock at an average price of NOK196.80 per share.
The Total Return Swap agreement entered into on 17 March, 2014 at the same time has been reduced from 750,000 shares to 450,000 shares. Seadrill therefore has exposure to a total of 4,200,000 common shares via TRS agreements with Seadrill Limited as underlying security and currently has a holding of 324,064 of its own treasury shares.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.