Seadrill Limited (OSL:SDRL) SDRL - Mandatory Notification Of Trade

Seadrill Limited (OSL:SDRL) Drew Investment Ltd, a company controlled by Seadrill's Director Tor Olav Trøim, has on December 9, bought an American call option with underlying exposure to 200,000 shares in Seadrill Limited. The option will expire at March 19, 2009 and the strike price is NOK60. The price was NOK8.50 per option. Trøim's direct and indirect exposure to Seadrill Limited following this transaction is 350,000 shares and 475,000 options. Trøim controls in addition total return swap agreements with exposure to 400,000 shares in Seadrill Limited.

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