SeaDrill Limited (the "Company") advises that the 2006 Annual General Meeting of the Company was held on December 1, 2006 at 11:30 a.m. at the Fairmont Hamilton Princess, 76 Pitts Bay Road, Hamilton, Bermuda. The following resolutions were passed:
1) To re-elect John Fredriksen as a Director of the Company.
2) To re-elect Tor Olav Trøim as a Director of the Company.
3) To re-elect Paal Nordgreen as a Director of the Company.
4) To re-elect Kate Blankenship as a Director of the Company.
5) To appoint PricewaterhouseCoopers as auditors and to authorise the Directors to determine their remuneration.
6) To approve an amendment to the Company's Bye-law 110, to change the requirements for the form of, and signatories to, the seal of the Company.
7) To increase the authorised share capital of the Company by US$800,000,000 represented by 400,000,000 shares of par value US$2.00 each.
8) To change the name of the Company to Seadrill Limited.
9) To approve the remuneration of the Company's Board of Directors of a total amount of fess not to exceed US$150,000 for the year ended December 31, 2006.
In addition, the audited consolidated and predecessor combined financial statements for the Company for the period ended December 31, 2005 were presented to the Meeting.
Hamilton, Bermuda
December 4, 2006
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SeaDrill Limited (the "Company") advises that the 2006 Annual General Meeting of the Company was held on December 1, 2006 at 11:30 a.m. at the Fairmont Hamilton Princess, 76 Pitts Bay Road, Hamilton, Bermuda. The following resolutions were passed:
1) To re-elect John Fredriksen as a Director of the Company.
2) To re-elect Tor Olav Trøim as a Director of the Company.
3) To re-elect Paal Nordgreen as a Director of the Company.
4) To re-elect Kate Blankenship as a Director of the Company.
5) To appoint PricewaterhouseCoopers as auditors and to authorise the Directors to determine their remuneration.
6) To approve an amendment to the Company's Bye-law 110, to change the requirements for the form of, and signatories to, the seal of the Company.
7) To increase the authorised share capital of the Company by US$800,000,000 represented by 400,000,000 shares of par value US$2.00 each.
8) To change the name of the Company to Seadrill Limited.
9) To approve the remuneration of the Company's Board of Directors of a total amount of fess not to exceed US$150,000 for the year ended December 31, 2006.
In addition, the audited consolidated and predecessor combined financial statements for the Company for the period ended December 31, 2005 were presented to the Meeting.
Hamilton, Bermuda
December 4, 2006