Seadrill Increases Stake in Eastern Drilling to 60.43%

SeaDrill has acquired 60.43% of the shares in Eastern Drilling.

After further acquisitions of shares SeaDrill Limited has as per today a holding of 20,299,811 shares representing 60.43% of the shares and votes in Eastern Drilling.

As announced on September 7, 2006, SeaDrill will put forward a mandatory offer for the remaining outstanding shares in Eastern Drilling within the four weeks deadline.

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