SDRL - Mandatory notification of trade

Hamilton, Bermuda, March 12, 2014 - Seadrill Limited ("Seadrill") has entered into a new TRS agreement with exposure to 750,000 Seadrill Limited common shares. The expiry date for the new TRS is June 3, 2014 and the reference price is NOK212.6329 per share. Additionally, Seadrill has further outstanding TRS agreements with exposure to 1,400,000 and 1,600,000 Seadrill Limited common shares with expiry dates of June 3, 2014 and reference prices of NOK224.7475 and NOK220.0739 per share respectively. Seadrill has a total of 3,750,000 common shares in Seadrill Limited as underlying security. Seadrill currently has a holding of 164,403 of its own treasury shares. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Seadrill Limited via GlobeNewswire [HUG#1768123]