SDRL - Dividend information

Hamilton, Bermuda, June 3, 2011

Reference is made to the first quarter 2011 report released on May 27, 2011. Seadrill Limited will be trading ex-dividend of a cash dividend of US$0.75 per share on June 6, 2011.

The record date is June 8, 2011, and the dividend will be paid on or about June 17, 2011.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Seadrill