SDRL - Seadrill reach 65.76% ownership in Asia Offshore Drilling Ltd

Hamilton, Bermuda, 29, October 2012 - Seadrill Limited ("Seadrill") has today acquired additional 611,449 shares of Asia Offshore Drilling Limited (the "Company", OSE: AOD). The shares were acquired at a price of NOK 28.71 per share. Following this acquisition, Seadrill will be the owner of 26,302,407 shares in the Company, corresponding to 65.76% of the total number of outstanding shares in the Company.

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

Media Contact:
Rune Magnus Lundetræ
Chief Financial Officer
Seadrill Management AS
+47 51 30 91 26

Analyst Contact:
Ragnvald Kavli
Investor Relations Manager
Seadrill Management AS
+47 51 30 96 27