Seadrill financed a portion of its exposure to Sevan Drilling ASA

Seadrill Limited has financed a portion of its exposure to Sevan Drilling ASA through a forward agreement. Seadrill has sold 120,065,464 shares and received a forward agreement with exposure to the same number of shares. The shares have been sold at NOK 3.95 per share. The forward agreement runs until November 6, 2013 and has a strike price of NOK 3.9737, said in the company's press release.
Seadrill controls 297,941,358 shares of Sevan, either through direct ownership or forward agreements, representing 50.11% of all issued shares of Sevan.