Hamilton, Bermuda, December 3, 2012 - Reference is made to the third quarter 2012 report released on November 26, 2012. Seadrill Limited will be trading ex-dividend of a cash dividend of US$1.70 per share on December 4, 2012. The total dividend of US$1.70 to be distributed includes a third quarter 2012 dividend of US$0.85 and an accelerated distribution of the fourth quarter 2012 dividend of US$0.85. The record date is December 6, 2012, and the dividend will be paid on or about December 21, 2012.