SDRL - Press Release

Hamilton, Bermuda, October 4th, 2016 - Seadrill Limited ("Seadrill") advises that it is aware of an article published by Bloomberg today regarding the Company's ongoing refinancing and recapitalization plans.
We refer to our previously published communications in this regard.  The Company remains in discussions with its stakeholders regarding its refinancing and recapitalization plans and there are no material developments to disclose.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.