Seadrill Limited (OSL:SDRL) Primary insider Trond Brandsrud, CFO Seadrill Management AS, has through market purchases October 17, 2008 purchased 12,500 ordinary shares in Seadrill Limited at a price of NOK48.89 per share. Brandsrud's holding in Seadrill Limited following this transaction is 12,500 shares and 210,000 options.

Seadrill Limited Hamilton, Bermuda October 17, 2008

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Seadrill Limited

http://www.seadrill.bm

ISIN: BMG7945E1057

Stock Identifier: XOSL.SDRL

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