SDRL - Completes placement of NOK 1,800 million unsecured bond issue

Hamilton, Bermuda, January 5, 2013 - Seadrill Limited has successfully completed a NOK 1,800 million senior unsecured bond issue with maturity in 2018. Settlement date is expected to be March 12, 2018. An application will be made for the bonds to be listed on Oslo Børs. The net proceeds from the bond issue will be used for general corporate purposes, including payments under recently announced newbuilding contracts.

DNB Markets, Nordea Markets, Pareto Securities, SEB and Swedbank First Securities acted as Joint Lead Managers for the issuance.

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