SDRL - Minutes from the annual general meeting 2008

 

Seadrill Limited (the "Company") advises that the 2008 Annual General Meeting of the Company was held on September 19, 2008 at 12:30 p.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 Jan Tore Strømme as a Director of the Company.

 

4)     To re-elect Kate Blankenship as a Director of the Company.

 

5)     To re-elect Kjell E Jacobsen as a Director of the Company.

 

6)     To elect Kathrine Fredriksen as a Director of the Company to fill one of the two casual vacancies existing on the Board.

 

7)     To appoint PricewaterhouseCoopers AS of Oslo, Norway as auditors and to authorize the Directors to determine their remuneration.

 

8)     That the remuneration payable to the Company's Board of Directors of a total amount of fees not to exceed US$600,000 be approved for the year ended December 31, 2008.

 

9)     That the share premium account of the Company be reduced from US$1,955,452,000 to nil, and to credit the amount resulting from the reduction to the Company's Contributed Surplus account, with immediate effect.

 

In addition, the audited consolidated financial statements for the Company for the year ended December 31, 2007 were presented to the Meeting.

 

 

 

Hamilton, Bermuda

September 19, 2008