SDRL - Mandatory notification of trade

Hamilton, Bermuda, October 3, 2013 - Seadrill Limited ("Seadrill"), on October 1, 2013 granted Mr. Per Wullf, CEO and primary insider of Seadrill, and Mr. Rune Magnus Lundetrae, CFO and primary insider of Seadrill 130,000 and 40,000 share options respectively, at an average strike price of NOK273.00 per share.

After this transaction, Mr. Wullf holds 300,000 share options in Seadrill and Mr. Lundetrae holds 133,400 share options in Seadrill.

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