SDRL - Mandatory notification of trade

Hamilton, Bermuda, June 6th, 2016 - Seadrill Limited ("Seadrill") has settled a Total Return Swap agreement (TRS) expiring on June 3, 2016 with 4,000,000 common shares in Seadrill Limited as underlying security. Seadrill has subsequently entered into a new TRS agreement with exposure to 4,000,000 Seadrill Limited common shares. The expiry date for the new TRS is September 5, 2016 and the reference price is NOK26.1601 per share. 

Seadrill currently has a holding of 318,740 of its own treasury shares. 

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