HAMILTON, BERMUDA--(Marketwire - Jan 30, 2013) -
Hamilton, Bermuda, January 30, 2013 - Seadrill Limited ("Seadrill") has
and accepted an attractive offer from a commercial bank to finance its
exposure to Sevan Drilling ASA ("Sevan") through a forward agreement.
has in connection with this sold its existing 96,000,000 shares and
a forward agreement with exposure to the same number of shares. The shares
been sold at NOK 3.95 per share. The forward agreement runs until 30 April
and has a strike price of NOK 3.9851. Following the new agreement Seadrill
not longer directly owners of any shares in Sevan, but are exposed though
forward agreements to 96,000,000 shares or 28,52 percent of the outstanding
The total ownership percentage has been calculated based on an issued
share capital in Sevan of 336,625,000 shares and do not include the
the new planned private placement.
This information is subject of the disclosure requirements pursuant to
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE