NADL - Interim funding from Seadrill Limited

Jan 31, 2017

Hamilton, Bermuda, January 31, 2017 - North Atlantic Drilling Ltd ('NADL' or 'the Company') announces today that it has entered into a $25 million revolving credit facility provided by Seadrill Limited, its majority shareholder and maturing March 31, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at both companies. A more comprehensive package of measures is targeted to be agreed by April 30, 2017. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

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