On January 16, 2008, Seadrill purchased 500,000 shares in Scorpion Offshore Ltd. at an average price of NOK61.95. Following these transactions Seadrill controls 8,532,300 shares, corresponding to15.93 percent of the outstanding shares in Scorpion Offshore Ltd.
The total ownership percentage has been calculated based on an issued share capital in Scorpion Offshore Ltd of 53,549,279 shares.
Seadrill Limited
Hamilton Bermuda
January 16, 2008