SDLP - Seadrill Partners LLC closes the tender rig T-16 transaction

London, United Kingdom, October 21, 2013 - We refer to the press release dated October 11, 2013, which announced the transaction to acquire the T-16 tender rig.

Seadrill Partners LLC has completed the previously announced transaction to acquire the T-16 tender rig from Seadrill Limited with effect from October 18, 2013.

The agreed upon acquisition is for a total purchase price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16. Seadrill Partners has therefore acquired the company that owns the T-16 in exchange for approximately US$107 million in unregistered common units that Seadrill Partners has issued to Seadrill Limited.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Seadrill Partners LLC via Thomson Reuters ONE

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