Smedvig Announces Conditional Sale of Own A Shares

The Smedvig shareholder structure has recently changed significantly. In that respect, the Company wants to contribute to a process where all shareholders within a reasonable time period are presented with an offer for their shares. Smedvig has therefore today accepted a conditional offer to sell to SeaDrill Limited 1,025,000 of own Class A shares, on the basis that all shareholders are receiving an offer. For additional information reference is made to the disclosure from SeaDrill Limited to the Oslo Stock Exchange.

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