SDLP - Seadrill Partners LLC closes the tender rig T-16 transaction

London, United Kingdom, October 21, 2013 - We refer to the press release dated October 11, 2013, which announced the transaction to acquire the T-16 tender rig.

Seadrill Partners LLC has completed the previously announced transaction to acquire the T-16 tender rig from Seadrill Limited with effect from October 18, 2013.

The agreed upon acquisition is for a total purchase price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16. Seadrill Partners has therefore acquired the company that owns the T-16 in exchange for approximately US$107 million in unregistered common units that Seadrill Partners has issued to Seadrill Limited.