Scorpion Offshore Posts Share Disclosure

Seadrill Ltd.

On June 17, 2009, Seadrill Limited closed previous forward contacts for 22,192,500 shares in Scorpion Offshore Ltd and simultaneously entered into new forward contracts for the equivalent number of shares with due date on January 18, 2010. Following these transactions, Seadrill controls 34,638,903 shares corresponding to 39.6 percent of the outstanding shares.

The total ownership percentage has been calculated based on an issued share capital in Scorpion Offshore Ltd of 87,408,298 shares.