Hemen Holdings Ltd, a company indirectly controlled by Seadrill's Chairman John Fredriksen, has settled two TRS agreements expiring April 17 and subsequent entered into a new TRS agreement with exposure to the same number of Seadrill underlying shares 3,250,000. New expiry date is October 20, 2008, and new TRS price is NOK147.11.
Hemen Holding`s and John Fredriksen's ownership in Seadrill is following this transaction unchanged 132,747,583 shares constituting 33.26 percent of the issued share capital. Hemen Holding controls after this in addition TRS agreements with exposure to totally 3,850,000 shares in Seadrill Limited and options for further 350,000 shares. These numbers remain unchanged after the transaction.
Drew Investment Ltd, a company controlled by Seadrill Director Tor Olav Trøim, has settled two TRS agreements expiring April 17 and subsequent entered into a new TRS agreement with exposure to the same number of underlying shares 100,000. New expiry date is October 20, 2008, and new TRS price is NOK147.11.
Trøim`s direct and indirect holding in Seadrill Limited following this transaction is
250,000 shares and 275,000 options. Trøim controls after this in addition TRS agreements with exposure
to totally 400,000 shares in Seadrill Limited. These numbers remain unchanged after the transaction.
Seadrill Limited
Hamilton, Bermuda
April 18, 2008