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SDRL - Dividend Information

Seadrill Limited 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

Seadrill Limited

http://www.seadrill.bm

ISIN: BMG7945E1057

Stock Identifier: XOSL.SDRL

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Seadrill Limited

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