As previously announced, settlement for these shares is expected to take place on Wednesday, January 25, 2006.
SeaDrill has furthermore decided to keep the Voluntary Offer open until 16:30 (Oslo time) today in order to let all remaining shareholders have the opportunity to tender their shares to SeaDrill.
SeaDrill has the intention to put forward a mandatory offer in Norway together with a tender offer in the U.S. to all remaining shareholders in Smedvig ASA as soon as practically possible.
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