Seadrill Ups Stake in Aker Drilling

On June 28, 2007, Seadrill closed previous forward contracts for 20,116,500 shares in Aker Drilling ASA and simultaneously entered into a new forward contract for the equivalent number of shares with due date on December 18, 2007. Following these transactions Seadrill controls 20,116,500 shares, corresponding to 21.6 percent of the outstanding shares.

The total ownership percentage has been calculated based on an issued share capital in Aker Drilling ASA of 93,000,000 shares.

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