SDRL - Seadrill announces new members of the Board

Hamilton, Bermuda, April 25, 2013 - Seadrill Limited ("Seadrill" or the "Company") announced today that Bert Bekker and Paul Leand Jr. have been appointed to its board of directors to fill vacancies that exist on the Board.

Mr. Bekker has worked in the heavy marine transport industry since 1978, as both a director and executive.  Mr. Bekker has served as a director of Wilh. Wilhelmsen Netherlands B.V. since July 2003 and Seadrill Partners LLC since September 2012.

Mr. Leand has led numerous restructuring and M&A transactions in the maritime industry since 1989.  Mr. Leand has been Managing Director and Chief Executive Officer at AMA Capital Partners LLC since 2004 and holds a number of directorships including, Ship Finance International Limited since December 2003, Golar LNG Partners since March 2011, and North Atlantic Drilling since February 2012.

Chairman John Fredriksen says, "We are very pleased that Bert Bekker and Paul Leand have accepted directorships in Seadrill. Mr. Bekker and Mr. Leand are familiar with our Company and both have extensive knowledge of the offshore industry.  We are convinced they will be valuable additions to our Board and contribute to Seadrill's commitment to excellence."

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