SDRL - Disclosure regarding Sevan Drilling ASA

SDRL - Disclosure regarding Sevan Drilling ASA

ID: 350653

(Thomson Reuters ONE) -


Hamilton, Bermuda, November 7, 2014 - We refer to the press releases dated
January 30, 2013, February 7, 2013, May 10, 2013, August 7, 2013, August
29, 2013, November 7, 2013, February 7, 2014, May 7, 2014 and August 7,2014
which announced the forward agreements for Seadrill Limited's ("Seadrill")
holdings in Sevan Drilling ASA ("Sevan") shares.


We have rolled forward these agreements subsequent to the prior agreements'
expiration.


Seadrill has entered into a forward agreement for 216,065,464 Sevan shares
expiring February 6, 2015 with a strike price of NOK 4.1701.


Additionally, Seadrill has entered into a forward agreement for 81,828,500 Sevan
shares expiring February 6, 2015 with a strike price of NOK 4.1966.


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 GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1869687]






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Bereitgestellt von Benutzer: hugin
Datum: 07.11.2014 - 07:40 Uhr
Sprache: Deutsch
News-ID 350653
Anzahl Zeichen: 1704

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