Disclosure of holding

Hemen Holdings Ltd, which is indirectly controlled by
trusts established by John Fredriksen for the benefit
of his immediate family, has extended TRS
agreements relating to 3.9 million shares in Seadrill
Limited. The new expiration of the TRS agreements is
March 1th 2011. The exercise price on the agreements
is NOK 189.7251 per share. Hemen Holding Ltd's
affiliated ownership in Seadrill is following this
transaction unchanged 133,097,583 shares,
constituting 32.28 percent of the issued share
capital. In addition, Hemen Holding hold TRS
agreements with exposure to 3,900,000 shares in
Seadrill Limited.