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HAMILTON, BERMUDA--(Marketwired - Aug 29, 2013) - Seadrill Limited ("Seadrill") (OSLO: SDRL) has financed a portion of its exposure to Sevan Drilling ASA ("Sevan") through a forward agreement. Seadrill has sold 120,065,464 shares and received a forward agreement with exposure to the same number of shares. The shares have been sold at NOK 3.95 per share. The forward agreement runs until November 6, 2013 and has a strike price of NOK 3.9737.
Seadrill controls 297,941,358 shares of Sevan, either through direct ownership or forward agreements, representing 50.11% of all issued shares of Sevan.
This information is subject of the disclosure requirements pursuant to section 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
[HUG#1725676]
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