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2016-02-25

Seadrill Limited: SDRL - Seadrill Limited Announces Fourth Quarter 2015 Results

Highlights

* Revenue of $959 million
* EBITDA of $513 million
* 93% economic utilization
* Reported Net Income of $279 million and diluted earnings per share of $0.58

* Cash and cash equivalents of $1.04 billion
* The Seadrill Group achieved 95% economic utilization
* Seadrill Group orderbacklog of approximately $10.7 billion

Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd.,
said:

"During the fourth quarter we experienced our best operational quarter of the
year, while continuing to reduce our cost base. Safe and efficient
operations remain at the heart of what we do as we continue to drive down
costs.

In the face of the severe downturn in our industry our priorities for 2016 are
to conserve cash and address our financing needs. We have a modern
competitive fleet, a proven track record in operations and every intention to
position ourselves for a recovery in the sector.

Our 2016 liquidity is good and we aim to communicate our funding plans during
the first half of the year."

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Seadrill Fleet Status 4Q 2015
http://hugin.info/135817/R/1989227/730576.pdf
Seadrill 4Q 2015
http://hugin.info/135817/R/1989227/730575.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Seadrill Limited via Globenewswire

HUG#1989227

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