Hamilton, Bermuda, June 28, 2012 - Reference is made to the
announcement by Hemen Holding Limited ("Hemen")
on June 14, 2012.
Hemen has on June 27, 2012, acquired 600,000 shares in
Seadrill from Goldman Sachs at a price of NOK224.8 per
share. Following this transaction Hemen owns 115,097,583
shares, representing 24.60 percent of the outstanding
shares in Seadrill. By this transaction Hemen has concluded
the option arrangement it had with Goldman Sachs.
Hemen also has total return swap agreements with underlying
economic exposure to 3.9 million Seadrill shares.
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities