Reference is made to the first quarter 2008 report released on May 27, 2008. Seadrill Limited will be trading ex-dividend of a cash dividend of $0.60 per share on June 5, 2008. The record date is June 9, 2008, and the dividend will be paid on or about June 18, 2008.
Seadrill Limited
Hamilton, Bermuda
June 4, 2008