SDRL - Dividend information

Hamilton, Bermuda, May 21, 2012 - Reference is made to the first quarter 2012 report released on May 14, 2012. Seadrill Limited will be trading ex-dividend of a cash dividend of US$0.97 per share on May 22, 2012.

The record date is May 24, 2012, and the dividend will be paid on or about June 7, 2012.

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