Seadrill Limited (OSL:SDRL) Seadrill's third quarter 2008 result is scheduled to be released on Monday November 24, 2008. In connection with the earnings release, a teleconference/webcast and a live presentation will be held as described below:

1. TELECONFERENCE AND WEBCAST

A conference call will be held at 6:00 P.M. (Norwegian time) on Monday November 24, 2008.

To listen to the management presentation of the results, the following options are available:

A. Webcast

Go to the Investor Relations section at www.seadrill.com and click on the link to "Webcast". In order to listen to the conference call on the web, you need to have installed Windows Media Player and a sound card on your computer.

B. Teleconference

Call-in numbers: Norway Free call 800 19640 International call +44 20 7806 1968 UK Free call 0800 028 1299 USA Free call 1888 935 4577

The participants will be asked for their name, company and conference ID. The Seadrill conference ID is: 4676014

There will be a Q&A session subsequent to the presentation. Information on "how to ask management questions" will be given at the beginning of the Q&A session.

In order to view the presentation held while listening to the conference, please download the presentation material from www.seadrill.com

If you are unable to participate in the call, there is an opportunity to listen to a replay of the conference call on www.seadrill.com (Investor Relations) or to listen to a playback by dialing:

UK Free call: 0800 559 3271 USA Free call: 1866 239 0765 International: +44 20 7806 1970 - followed by replay access number: 4676014#

Participant list information required: Full name & company Replay will be available for seven days.

2. LIVE PRESENTATION

A presentation of Seadrill's third quarter 2008 results will take place in Oslo, Norway at Shippingklubben, Haakon VII gate, on Tuesday November 25, 2008 at 10.00AM. If you wish to attend, please confirm your attendance to Bjorghild.togersen@seadrill.com or phone + 47 51 30 98 53.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Seadrill Limited

http://www.seadrill.bm

ISIN: BMG7945E1057

Stock Identifier: XOSL.SDRL

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