Seadrill Limited (OSL:SDRL) Reference is made to the second quarter 2008 report released on August 28, 2008. Seadrill Limited will be trading ex-dividend of a cash dividend of $0.60 per share on September 4, 2008. The record date is September 8, 2008, and the dividend will be paid on or about September 16, 2008.

Seadrill Limited Hamilton, Bermuda September 1, 2008

Seadrill Limited

http://www.seadrill.bm

ISIN: BMG7945E1057

Stock Identifier: XOSL.SDRL

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