HAMILTON, BERMUDA, August 16, 2010 - Seadrill is scheduled to release its second quarter 2010 results on Tuesday 31, 2010 before the start of trading on the Oslo Stock Exchange. In connection with the earnings release, a conference call/webcast will be held as described below: A conference call will be held at 09:00 a.m. ET time and 3:00 p.m. (Norwegian time) on Tuesday August 31, 2010. To listen to the management presentation of the results, the following options are available: A. Webcast In order to listen to the presentation on the web, you need to have installed Windows Media Player and a sound card on your computer. B. Conference call Call-in numbers: Norway Free call 800 19640 Norway + 47 23 16 21 89 International call +44 (0)20 7136 6283 UK Free call 0800 028 1243 US +1 718 354 1387 The participants will be asked for their name, company and conference ID. The Seadrill conference ID is: 8285243 There will be a Q&A session subsequent to the presentation. Information on "how to ask management questions" will be given at the beginning of the Q&A session. In order to view the presentation while listening to the conference, please download the presentation material fromwww.seadrill.com If you are unable to participate in the conference call, there is an opportunity to listen to a replay onwww.seadrill.com (Investor Relations) or to listen to a playback by dialing: UK : +44 (0)20 7111 1244 US : + 1 347 366 9565 Norway: +47 21 00 04 98 - followed by replay access number: 8285243# Participant list information required: Full name & company Replay will be available until September 7, 2010. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) [HUG#1438153] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction for further distribution is prohibited. Source: Seadrill Limited via Thomson Reuters ONE