SDRL - MANDATORY NOTIFICATION OF TRADE BY HEMEN HOLDING LIMITED

6/27/2012 2:17 AM EST

HAMILTON, Bermuda, June 27, 2012 - Reference is made to the announcement by
Hemen Holding Limited ("Hemen") on June 14, 2012.

Hemen has on June 26, 2012, acquired 600,000 shares in Seadrill from Goldman
Sachs at a price of NOK224.8 per share. Following this transaction Hemen owns
114,497,583 shares, representing 24.47 percent of the outstanding shares in
Seadrill and there are options for 600,000 shares outstanding related to the put
option arrangement Hemen has with Goldman Sachs, which Hemen intends to take
physical delivery of.

Hemen also has total return swap agreements with underlying economic exposure to
3.9 million Seadrill shares.

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


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