SDRL - North Atlantic Drilling Ltd. submits its initial registration statement to the SEC

Hamilton, Bermuda, October 29, 2012 - North Atlantic Drilling Ltd. (NADL), a majority owned subsidiary of Seadrill Limited, announced today that it confidentially submitted its first draft registration statement to the US Securities and Exchange Commission (SEC) on Friday, October 26, 2012. The initial public offering of NADL's common shares is expected to commence after the SEC completes its review process. 

This announcement is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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

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