Hamilton, Bermuda, July 19, 2010 – Reference is made to Seadrill Limited’s mandatory
offer to purchase all outstanding shares in Scorpion Offshore Ltd. at NOK40.50 per share
that expired on Friday, July 16, 2010. Seadrill has received acceptances for a total of
43,760,355 shares equaling approximately 48.7 percent of the total number of outstanding
shares and votes in Scorpion Offshore Ltd. As such, Seadrill following completion of the
offer period in total controls 88,771,206 shares, which represent approximately 98.8
percent of the outstanding shares and votes in Scorpion Offshore Ltd. Settlement for
shares tendered, is scheduled to take place on July 21, 2010.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)