Reference is made to the sale and leaseback transaction released September 16, 2008. Seadrill Limited will be trading ex-dividend of a cash dividend of US$0.30 per share on September 22, 2008. The record date is September 24, 2008, and the dividend will be paid on or about September 29, 2008.
Seadrill Limited
Hamilton, Bermuda
September 19, 2008