SDRL - Settlement of Debt-for-Equity Exchange

Hamilton, Bermuda, June 14, 2016 - Seadrill Limited confirms that the issuance
of new shares of its common stock announced on June 9, 2016, was settled on June
13, 2016. The 7,500,000 new shares have been issued and registered, and the new
issued share capital of Seadrill amounts to US$1.017 billion, represented by
508,444,280 shares of its common stock issued and outstanding.
This information is subject of the disclosure requirements of section 5-12 of
the Norwegian Securities Trading Act.


[HUG#2020384]