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 December 6th, 2017. The exercise
price on the agreements is NOK 2.089 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.