Directed new share issue in Seawell Limited (BM) — NOK 275 million

Carnegie acted as joint lead manager in the spin-off and directed new share issue of 20 million shares at a subscription price of NOK 13.75 per share in Seawell Limited. Following Seadrill Limited’s decision to establish a separate entity for its well services activities, Seawell Limited was created with the ambition to create a large international well services company. Seawell’s core business is platform drilling, engineering and well intervention services.September, 2007.