Hamilton, Bermuda, July 13, 2010 – Hemen Holdings Ltd, which is indirectly controlled by
trusts established by John Fredriksen for the benefit of his immediate family, has
extended TRS agreements relating to 3,9 million shares in Seadrill Limited. The new
expiration of the TRS agreements is 12 October 2010. The exercise price on the
agreements is nok 131.904 per share. Hemen Holding Ltd’s affiliated ownership in
Seadrill is following this transaction unchanged 133.097.583 shares, constituting 32,28
percent of the issued share capital. In addition Hemen Holding hold TRS agreements with
exposure to 3.900.000 shares in Seadrill Limited.
This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian
Securities Trading Act)
