As previously announced, settlement for these shares is expected to take place on April 7, 2006 at the latest. Reference is made to the Offer Document, dated March 2, 2006, for further description of the terms of the Offer. Including both the accepted shares and the already owned shares, SeaDrill controls 53,160,869 class A-shares and 25,532,391 class B-shares, constituting approximately 98.9% of the Smedvig votes and 96.3% of the Smedvig capital.
The Mandatory Offer was not open to residents of the United States. A separate offer ('the U.S. Offer'), dated March 6, 2006, is open only to residents of the United States. The U.S. Offer will expire today, April 3, 2006, at 22.00 CET.
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