Seadrill Extends Total Return Swap Agreement

On February 12, 2009, Seadrill extended the total return swap agreement with 4,500,000 shares in Seadrill Limited as underlying security with DnB NOR Markets. The agreed initial reference price under the swap agreement is NOK61.3 per share with expiry on August 17, 2009.

Seadrill also has a current holding of own treasury shares of 717,800 shares.

 

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