BNY Mellon Appointed Transfer Agent for Seadrill Ltd.

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Apr 15, 2010, 08:04 ET

JERSEY CITY, N.J., April 15 /PRNewswire-FirstCall/ -- BNY Mellon today announced that it has been appointed transfer agent for Seadrill Ltd. (NYSE: SDRL).

An international offshore drilling company, Seadrill is listing their common shares on the New York Stock Exchange (NYSE) in addition to their current listing on the Oslo Stock Exchange. BNY Mellon will provide transfer agent and cross border share transfer services for the NYSE-listed shares. BNY Mellon's mandate commences on April 15, the date on which Seadrill's shares will list on the NYSE.

"BNY Mellon's global network of resources for cross-border securities servicing was an important reason for their selection", said Jim Datland, Seadrill's Vice President of Investor Relations. "BNY Mellon helped us identify and work through unforeseen obstacles in the process. We now look forward to realizing the benefits of a U.S.-based listing, including enhanced liquidity for our securities."

"Our familiarity with market mechanics in the U.S. and global markets enabled us to anticipate and respond to Seadrill's needs in connection with their share transfer requirements," said Samir Pandiri, chief executive officer of BNY Mellon Shareowner Services. "Seadrill allowed us to bring value to the planning stages of the transfer by assisting them in coordinating with their registry in Norway and the U.S.-based securities organizations that are key to supporting such a listing. We now look forward to building on our relationship with them as a valued client and delivering exceptional results for Seadrill and its investors."

Seadrill is an international offshore drilling contractor providing services within drilling and well services. Together with its partners, the company has 40 drilling units, 7 of which are under construction. Seadrill's versatile fleet includes harsh-environment semi-submersibles, jack-ups, shallow and deep water tender rigs and deepwater drill ships. In addition, Seadrill provides platform drilling, well intervention and engineering services. More information is available at http://www.seadrill.com.

Among the largest providers of stock transfer services in the U.S., BNY Mellon Shareowner Services offers a comprehensive suite of products and services ranging from corporate actions record keeping to demutualizations, dividend reinvestment, proxy solicitation and employee stock plan administration. More information about Shareowner Services is available at www.bnymellon.com/shareowner.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon