SDRL - Anton Dibowitz appointed Executive Vice President

Hamilton, Bermuda, June 2, 2016 - The Board of Seadrill Limited ("Seadrill") has appointed Anton Dibowitz as Executive Vice President of Seadrill Management Ltd. He will continue to report to CEO, Per Wullf.

In addition to his ongoing role as Chief Commercial Officer, in this new appointment, Mr Dibowitz will take on additional responsibility for day-to-day business administration.

Per Wullf, CEO of Seadrill Management Ltd said, "I am pleased to welcome Anton as Executive Vice President of the company. He has been key to developing Seadrill's commercial organization since joining in 2007. This arrangement will free up more of my time to focus on strategic matters, leading Seadrill through this downturn and the ongoing refinancing process."

Mr Dibowitz has almost 20 years' experience in the drilling industry and has served as Chief Commercial Officer and Senior Vice President since January 2013. He is a Certified Public Accountant and a graduate of the University of Texas at Austin where he holds Masters degrees in Professional Accounting (MPA) and Business Administration (MBA). Mr Dibowitz is a US citizen and resides in London, England.

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