SDRL - Filing of 2016 Annual Report on Form 20-F

Hamilton, Bermuda, April 27, 2017 - Seadrill Limited ("Seadrill or the Company") announces that it has filed its annual report on Form 20-F for the year ended December 31, 2016 with the Securities and Exchange Commission in the U.S.

The report may be accessed on the Company's website, www.seadrill.com, or on the website of the U.S. Securities and Exchange Commission, www.sec.gov.

Shareholders may also request a hard copy of the Annual Report, which includes the Company's complete 2016 audited financial statements, free of charge, by sending an email to: ir@seadrill.com

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