Hamilton, Bermuda, September 30, 2010 - Seadrill Limited announces today that it has successfully completed issuance of a US$350 million bond in the international market. The senior unsecured bonds have a coupon of 6.5% payable semi-annually in arrears and mature in October 2015. The bonds will be issued and redeemed at 100% of their principal amount. Settlement date is scheduled on October 5, 2010. The bonds will be listed on the Oslo Stock Exchange. Proceeds from the bond issue will be used for general corporate purposes. Contact: Jim Dåtland Vice President Investor Relations Seadrill Management AS +47 51 30 99 19 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) [HUG#1447845] 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