On February 5, 2008, Seadrill purchased 282,800 shares in Scorpion Offshore Ltd. at an average price of NOK55.96. Following these transactions Seadrill controls 10,968,200 shares, corresponding to 20.48 percent of the outstanding shares in Scorpion Offshore Ltd.
The total ownership percentage has been calculated based on an issued share capital in Scorpion Offshore Ltd of 53,549,279 shares.
Seadrill Limited
Hamilton Bermuda
February 5, 2008