Reference is made to the stock exchange release dated April 12, 2010 in which Seadrill announced its intention to put forward a mandatory offer for all the remaining outstanding shares in Scorpion Offshore Ltd (a company registered in Bermuda with registration number 37220).
Seadrill hereby announces that an offer document where Seadrill makes a mandatory offer to acquire all outstanding shares in Scorpion not already owned or controlled by Seadrill has been filed with and approved by Oslo Børs. The offer is NOK36.00 per share in cash and the acceptance period is from and including May 10, 2010 to and including June 7, 2010 17:30 CET.
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