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Seadrill Management Agreement

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This press release contains forward-looking statements. These statements are generally not historical and include statements about the company`s plans, strategies, business prospects, changes and trends, the markets in which it operates and its restructuring efforts. These statements are based on management`s current plans, expectations, assumptions and beliefs regarding future events regarding the entity, and therefore involve a number of risks, uncertainties and assumptions that could lead to actual results being materially superior to the results expressed or implied in the forward-looking statements expressed only at the time of this press release. Therefore, no forward-looking statements can be guaranteed. When reviewing these forward-looking statements, you should consider the risks that are described from time to time in the company`s regulatory statements and periodic reports. The entity undertakes no commitment to update any forward-looking statements to reflect events or circumstances that occurred after the date of such a statement, nor to reflect the occurrence of unforeseen events. New factors appear from time to time and the company is not able to predict all of these factors. In addition, the Company is not in a position to assess the impact of such a factor on its business, nor the extent to which a factor or combination of factors may lead to actual results being materially different from the results contained in a forward-looking statement. This press release may contain forward-looking statements.

These statements are based on various assumptions, many of which are based on other assumptions, including the study of historical trends in exploitation by SFL management, data contained in company records and other data provided by third parties. Although SFL considers these assumptions to be reasonable when made, since assumptions are naturally subject to significant uncertainties and contingencies, difficult or impossible to predict and beyond its control, SFL cannot provide assurance that it will meet or meet these expectations, beliefs or intentions. In addition, Seadrill announced that it had agreed to extend its leniency agreements with certain other creditors with respect to its priority secured credit facility agreements, priority secured credit securities and the guarantee facility agreement in order to have more time to negotiate a complete restructuring of its balance sheet.

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