Hemen Holding 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
6th, 2017. The exercise price on the agreements is NOK
26.2217 per share. Hemen Holding Ltd's affiliated
ownership in Seadrill is following this transaction
unchanged 119,097,583 shares, constituting 23,41
percent of the issued share capital. In addition,
Hemen Holding hold TRS agreements with exposure to
3,900,000 shares in Seadrill Limited.