SDRL - Disclosure regarding Sevan Drilling ASA

Hamilton, Bermuda, August 29, 2013 - Seadrill Limited ("Seadrill") has financed a portion of its exposure to Sevan Drilling ASA ("Sevan") through a forward agreement. Seadrill has sold 120,065,464 shares and received a forward agreement with exposure to the same number of shares. The shares have been sold at NOK 3.95 per share. The forward agreement runs until November 6, 2013 and has a strike price of NOK 3.9737.

Seadrill controls 297,941,358 shares of Sevan, either through direct ownership or forward agreements, representing 50.11% of all issued shares of Sevan. 

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