Seadrill Ups Stake in Eastern Drilling



In connection with the mandatory offer dated April 18, 2007, to acquire all outstanding shares in Eastern Drilling ASA at NOK135 per share, Seadrill Limited has received acceptances for a total of 3,210,985 shares equaling approximately 8.4 percent of the total number of outstanding shares and votes in Eastern Drilling. Counting the accepted shares and shares already owned, Seadrill now controls 27,615,246 shares which represent approximately 72.4 percent of the outstanding shares and votes in Eastern Drilling.
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