The new dividend rules for the Norwegian derivatives market will come into effect from and including September 19th 2008. Oslo Børs will introduce a new 100% dividend adjusted class where all dividends are adjusted 100%. The stocks included in this class will be revised twice a year or when needed. Seadrill (SDRL) will be the only one included in this class starting September 19th (i.e. all other derivatives will be adjusted using the standard 5% rule). The SDRL March contracts listed September 19th will hence be 100% dividend adjusted, whereas the existing SDRL December contracts will be adjusted using the regular 5% rule. For further details please see the attached file.