Hamilton,
Bermuda, December 16, 2017 - On September 12, 2017,
Seadrill Limited ("Seadrill" or the "Company") filed a Form 6K,
attached to which as Exhibit 99-1 was a presentation which included
the Company's business plan. In the ordinary course of
business, Seadrill has prepared an updated business plan, which is
attached hereto.
Also, on December 15, 2017, the
Company filed a revised disclosure statement with the court
overseeing its chapter 11 cases in the Southern District of
Texas. The revised disclosure statement includes valuation
and liquidation analyses prepared by the Company and its advisors
and can be viewed at
https://www.primeclerk.com/SeadrillAmendedDS.
This press release is not intended
to be, and should not in any way be construed as, a solicitation of
votes of bondholders or other investors regarding the chapter 11
plan.
CONTACT:
Prime Clerk
US Toll Free:
844-858-8891
Brazil Toll Free: 0-800-591-8054
Mexico Toll Free: 01-800-681-5354
Nigeria Toll Free: 070-80601847
Norway Toll Free: 800-25-030
Saudi Arabia Toll Free: 800-850-0029
Singapore Toll Free: 800-492-2272
Thailand Toll Free: 1-800-011-156
UAE Toll Free: 8000-3570-4559
UK Toll Free: 0-800-069-8580
Email: seadrillinfo@primeclerk.com
FORWARD LOOKING STATEMENTS
This news release includes forward
looking statements. Such statements are generally not historical in
nature, and specifically include statements about the Company's
plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring
efforts. These statements are made based upon management's current
plans, expectations, assumptions and beliefs concerning future
events impacting the Company and therefore involve a number of
risks, uncertainties and assumptions that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this
news release. Consequently, no forward-looking statement can be
guaranteed. When considering these forward-looking statements, you
should keep in mind the risks described from time to time in the
Company's filings with the Securities and Exchange Commission,
including its Annual Report on Form 20-F (File No. 001-34667). The
Company undertakes no obligation to update any forward looking
statements to reflect events or circumstances after the date on
which such statement is made or to reflect the occurrence of
unanticipated events. New factors emerge from time to time, and it
is not possible for the Company to predict all of these factors.
Further, the Company cannot assess the impact of each such factor
on its business or the extent to which any factor, or combination
of factors, may cause actual results to be materially different
from those contained in any forward looking statement.
This information is subject of the
disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.