Seadrill Takes Stake in Scorpion Offshore to 10%

Seadrill has entered into a forward contract for 1,257,800 shares in Scorpion Offshore Ltd. Following these transactions Seadrill through forward contracts controls 5,464,300 shares corresponding to 10.2 percent of the outstanding shares. The total ownership percentage has been calculated based on an issued share capital in Scorpion Offshore Ltd. of 53,369,521 shares.