Hamilton, Bermuda (March 9, 2011)
In connection with Seawell’s option program, 12,778 options have been exercised at a strike price of NOK 18.48 per share, and 33,333 options have been exercised at a strike price of NOK 10.00 per share. After these transactions, the total number of options outstanding in Seawell Limited is 10,368,370.
In connection with the exercised options, Seawell Limited has issued 46,111 common shares. The authorized share capital of Seawell Limited is USD 1,200,000,000 divided into 600,000,000 common shares of par value USD 2.00 each. Fully paid and outstanding share capital of Seawell Limited following the share capital increase is USD 645,035,742 divided into 322,517,871 fully paid common shares of par value of USD 2.00 each.