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2016-05-13

Seadrill Partners LLC: SDLP - Termination of the West Capella

London, United Kingdom, May 13, 2016
- Seadrill Partners LLC ("the Company") has received a notice of termination
from its current operator for the contract for the West Capella.

In accordance with the cancellation for convenience provisions in the West
Capella contract, Seadrill Partners will receive a payment of approximately
$125 million in two equal installments, the first in the second quarter of
2016 and the second in the first quarter of 2017, plus other direct costs
incurred as a result of the early termination.

The West Capella is currently being marketed for new work and is expected to
be in Tenerife during its idle period.

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in
its business and the markets in which it operates. In particular, statements
regarding projected changes in the Company's cash distributions, the
Company's anticipated growth strategies and its ability to re-contract its
drilling rigs are considered forward looking statements. These statements are
made based upon management's current plans, expectations, assumptions and
beliefs concerning future events impacting the Company and therefore involve
a number of risks, uncertainties and assumptions that could cause actual
results to differ materially from those expressed or implied in the forward
looking statements, which speak only as of the date of this news release.
Important factors that could cause actual results to differ materially from
those in the forward looking statements include, but are not limited to the
performance of the drilling rigs in the Company's fleet; delay in payment or
disputes with customers; fluctuations in the international price of oil;
changes in governmental regulations that affect the Company or the operations
of the Company's fleet; increased competition in the offshore drilling
industry; hire rates and factors affecting supply and demand for drilling
rigs; the financial condition of the Company's existing or future customers;
and general economic, political and business conditions globally.
Consequently, no forward looking statement can be guaranteed. When
considering these forward looking statements, you should keep in mind the
risks described from time to time in the Company's filings with the SEC,
including its Annual Report on Form 20-F (File No. 001-35704).

The Company undertakes no obligation to update any forward looking statements
to reflect events or circumstances after the date on which such statement is
made or to reflect the occurrence of unanticipated events. New factors emerge
from time to time, and it is not possible for us to predict all of these
factors. Further, the Company cannot assess the impact of each such factor on
its business or the extent to which any factor, or combination of factors,
may cause actual results to be materially different from those contained in
any forward looking statement.

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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 Partners LLC via Globenewswire

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