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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 258.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 258.65 Td (seadrill receives commitments for a US$950 million credit facility for the financing of the ) Tj ET Q q 0 0 0 rg BT 441.66 258.65 Td (W) Tj ET Q q 0 0 0 rg BT 450.30 258.65 Td (est Carina and ) Tj ET Q q 0 0 0 rg BT 509.82 258.65 Td (W) Tj ET Q q 0 0 0 rg BT 518.46 258.65 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 246.65 Td (Eclipse.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 234.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 234.65 Td (seadrill exercises a purchase option for the ) Tj ET Q q 0 0 0 rg BT 251.98 234.65 Td (W) Tj ET Q q 0 0 0 rg BT 260.62 234.65 Td (est Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 222.65 Td (International Ltd. ) Tj ET Q q 0 0 0 rg BT 152.29 222.65 Td (The purchase option price is US$456 million and total consideration payable to Ship Finance is US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 210.65 Td ($1) Tj ET Q q 0 0 0 rg BT 87.13 210.65 Td (1) Tj ET Q q 0 0 0 rg BT 91.76 210.65 Td (1 million after accounting for existing debt on the unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.65 Td (* ) Tj ET Q q 0 0 0 rg BT 57.51 162.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 93.62 162.65 Td ( ) Tj ET Q q 0 0 0 rg BT 96.64 162.65 Td (is ) Tj ET Q q 0 0 0 rg BT 106.32 162.65 Td (defined ) Tj ET Q q 0 0 0 rg BT 139.32 162.65 Td (as ) Tj ET Q q 0 0 0 rg BT 150.66 162.65 Td (earnings ) Tj ET Q q 0 0 0 rg BT 187.56 162.65 Td (before ) Tj ET Q q 0 0 0 rg BT 216.11 162.65 Td (interest, ) Tj ET Q q 0 0 0 rg BT 251.05 162.65 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 303.49 162.65 Td (and ) Tj ET Q q 0 0 0 rg BT 320.94 162.65 Td (amortization ) Tj ET Q q 0 0 0 rg BT 374.49 162.65 Td (equal ) Tj ET Q q 0 0 0 rg BT 399.16 162.65 Td (to ) Tj ET Q q 0 0 0 rg BT 409.95 162.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 450.73 162.65 Td (profit ) Tj ET Q q 0 0 0 rg BT 475.96 162.65 Td (plus ) Tj ET Q q 0 0 0 rg BT 495.65 162.65 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 548.08 162.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.65 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.54 150.65 Td (and ) Tj ET Q q 0 0 0 rg BT 119.48 150.65 Td (after ) Tj ET Q q 0 0 0 rg BT 140.29 150.65 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 179.46 150.65 Td (for ) Tj ET Q q 0 0 0 rg BT 193.62 150.65 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 232.21 150.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 250.28 150.65 Td (on ) Tj ET Q q 0 0 0 rg BT 262.78 150.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 311.38 150.65 Td (and ) Tj ET Q q 0 0 0 rg BT 328.31 150.65 Td (gains ) Tj ET Q q 0 0 0 rg BT 351.92 150.65 Td (on ) Tj ET Q q 0 0 0 rg BT 364.42 150.65 Td (disposals ) Tj ET Q q 0 0 0 rg BT 403.59 150.65 Td (and ) Tj ET Q q 0 0 0 rg BT 420.53 150.65 Td (deconsolidations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.65 Td (* ) Tj ET Q q 0 0 0 rg BT 57.12 138.65 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 90.84 138.65 Td (Group ) Tj ET Q q 0 0 0 rg BT 119.00 138.65 Td (is ) Tj ET Q q 0 0 0 rg BT 128.29 138.65 Td (defined ) Tj ET Q q 0 0 0 rg BT 160.89 138.65 Td (as ) Tj ET Q q 0 0 0 rg BT 171.84 138.65 Td (all ) Tj ET Q q 0 0 0 rg BT 184.45 138.65 Td (companies ) Tj ET Q q 0 0 0 rg BT 229.83 138.65 Td (currently ) Tj ET Q q 0 0 0 rg BT 268.54 138.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 321.70 138.65 Td (into ) Tj ET Q q 0 0 0 rg BT 339.87 138.65 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 373.59 138.65 Td (Limited ) Tj ET Q q 0 0 0 rg BT 407.87 138.65 Td (plus ) Tj ET Q q 0 0 0 rg BT 427.15 138.65 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 460.87 138.65 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 498.76 138.65 Td ( ) Tj ET Q q 0 0 0 rg BT 501.18 138.65 Td (The ) Tj ET Q q 0 0 0 rg BT 519.35 138.65 Td (results ) Tj ET Q q 0 0 0 rg BT 548.07 138.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.65 Td (measures ) Tj ET Q q 0 0 0 rg BT 89.17 126.65 Td (presented ) Tj ET Q q 0 0 0 rg BT 129.94 126.65 Td (for ) Tj ET Q q 0 0 0 rg BT 144.06 126.65 Td (the ) Tj ET Q q 0 0 0 rg BT 158.73 126.65 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 192.30 126.65 Td (Group ) Tj ET Q q 0 0 0 rg BT 220.31 126.65 Td (are ) Tj ET Q q 0 0 0 rg BT 234.97 126.65 Td (designed ) Tj ET Q q 0 0 0 rg BT 272.98 126.65 Td (to ) Tj ET Q q 0 0 0 rg BT 283.21 126.65 Td (aid ) Tj ET Q q 0 0 0 rg BT 297.89 126.65 Td (comparability ) Tj ET Q q 0 0 0 rg BT 355.88 126.65 Td (with ) Tj ET Q q 0 0 0 rg BT 376.12 126.65 Td (periods ) Tj ET Q q 0 0 0 rg BT 408.02 126.65 Td (prior ) Tj ET Q q 0 0 0 rg BT 429.92 126.65 Td (to ) Tj ET Q q 0 0 0 rg BT 440.15 126.65 Td (the ) Tj ET Q q 0 0 0 rg BT 454.83 126.65 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 520.61 126.65 Td (of ) Tj ET Q q 0 0 0 rg BT 531.39 126.65 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.65 Td (Partners ) Tj ET Q q 0 0 0 rg BT 84.77 114.65 Td (on ) Tj ET Q q 0 0 0 rg BT 97.27 114.65 Td (January ) Tj ET Q q 0 0 0 rg BT 130.87 114.65 Td (2, ) Tj ET Q q 0 0 0 rg BT 140.87 114.65 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.65 Td (* ) Tj ET Q q 0 0 0 rg BT 57.00 102.65 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 90.60 102.65 Td (Group ) Tj ET Q q 0 0 0 rg BT 118.66 102.65 Td (combined ) Tj ET Q q 0 0 0 rg BT 160.59 102.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 196.70 102.65 Td ( ) Tj ET Q q 0 0 0 rg BT 199.20 102.65 Td (is ) Tj ET Q q 0 0 0 rg BT 208.37 102.65 Td (defined ) Tj ET Q q 0 0 0 rg BT 240.85 102.65 Td (as ) Tj ET Q q 0 0 0 rg BT 251.68 102.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 287.79 102.65 Td ( ) Tj ET Q q 0 0 0 rg BT 290.29 102.65 Td (for ) Tj ET Q q 0 0 0 rg BT 304.45 102.65 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 338.05 102.65 Td (Limited ) Tj ET Q q 0 0 0 rg BT 372.21 102.65 Td (plus ) Tj ET Q q 0 0 0 rg BT 391.38 102.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 427.49 102.65 Td ( ) Tj ET Q q 0 0 0 rg BT 429.99 102.65 Td (for ) Tj ET Q q 0 0 0 rg BT 444.15 102.65 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 477.76 102.65 Td (Partners.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Operational ) Tj ET Q q 0 0 0 rg BT 103.67 742.25 Td (Highlights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 730.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 730.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 110.10 730.25 Td (achieves ) Tj ET Q q 0 0 0 rg BT 147.03 730.25 Td (94% ) Tj ET Q q 0 0 0 rg BT 167.86 730.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 209.23 730.25 Td (utilization* ) Tj ET Q q 0 0 0 rg BT 257.28 730.25 Td (for ) Tj ET Q q 0 0 0 rg BT 271.44 730.25 Td (its ) Tj ET Q q 0 0 0 rg BT 283.38 730.25 Td (floater ) Tj ET Q q 0 0 0 rg BT 311.98 730.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 332.24 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.18 730.25 Td (98% ) Tj ET Q q 0 0 0 rg BT 370.01 730.25 Td (for ) Tj ET Q q 0 0 0 rg BT 384.17 730.25 Td (its ) Tj ET Q q 0 0 0 rg BT 396.12 730.25 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 429.72 730.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 449.98 730.25 Td (for ) Tj ET Q q 0 0 0 rg BT 464.14 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.86 730.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 505.80 730.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 536.61 730.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 718.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 718.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 110.91 718.25 Td (secures ) Tj ET Q q 0 0 0 rg BT 143.64 718.25 Td (executed ) Tj ET Q q 0 0 0 rg BT 182.47 718.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 217.98 718.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 249.60 718.25 Td (with ) Tj ET Q q 0 0 0 rg BT 270.68 718.25 Td (Petrobras ) Tj ET Q q 0 0 0 rg BT 311.75 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 326.71 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.23 718.25 Td (Libra ) Tj ET Q q 0 0 0 rg BT 367.19 718.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 391.05 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 406.01 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.29 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 429.93 718.25 Td (est ) Tj ET Q q 0 0 0 rg BT 444.10 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 449.51 718.25 Td (ellus ) Tj ET Q q 0 0 0 rg BT 471.70 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.20 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 497.84 718.25 Td (est ) Tj ET Q q 0 0 0 rg BT 512.25 718.25 Td (Carina. ) Tj ET Q q 0 0 0 rg BT 546.97 718.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 706.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 115.86 706.25 Td (are ) Tj ET Q q 0 0 0 rg BT 131.33 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 146.25 706.25 Td (a ) Tj ET Q q 0 0 0 rg BT 153.96 706.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 174.44 706.25 Td (period ) Tj ET Q q 0 0 0 rg BT 203.25 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.84 706.25 Td (three ) Tj ET Q q 0 0 0 rg BT 238.09 706.25 Td (years ) Tj ET Q q 0 0 0 rg BT 262.45 706.25 Td (each ) Tj ET Q q 0 0 0 rg BT 284.03 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.74 706.25 Td (have ) Tj ET Q q 0 0 0 rg BT 323.88 706.25 Td (a ) Tj ET Q q 0 0 0 rg BT 331.58 706.25 Td (total ) Tj ET Q q 0 0 0 rg BT 352.62 706.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 387.53 706.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 425.78 706.25 Td (including ) Tj ET Q q 0 0 0 rg BT 466.82 706.25 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 520.63 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.23 706.25 Td (US$1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 694.25 Td (billion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 682.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 682.25 Td (seadrill secures a 145 day contract extension with ) Tj ET Q q 0 0 0 rg BT 280.03 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 285.44 682.25 Td (otal for the semi-submersible unit ) Tj ET Q q 0 0 0 rg BT 422.73 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 431.37 682.25 Td (est Eclipse. ) Tj ET Q q 0 0 0 rg BT 481.73 682.25 Td (The total revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 670.25 Td (potential for the extension is approximately US$65 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 658.25 Td (seadrill secures a new contract for the jack-up unit ) Tj ET Q q 0 0 0 rg BT 283.07 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 291.71 658.25 Td (est Leda. ) Tj ET Q q 0 0 0 rg BT 330.12 658.25 Td (The total revenue potential for the new contract is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 646.25 Td (approximately US$16 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 634.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 634.25 Td (seadrill secures a new contract for the jack-up unit ) Tj ET Q q 0 0 0 rg BT 283.07 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 291.71 634.25 Td (est ) Tj ET Q q 0 0 0 rg BT 305.14 634.25 Td (T) Tj ET Q q 0 0 0 rg BT 310.55 634.25 Td (elesto. ) Tj ET Q q 0 0 0 rg BT 338.69 634.25 Td (This is in direct continuation from the previous contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 87.23 622.25 Td (Australia and is for one well. ) Tj ET Q q 0 0 0 rg BT 208.13 622.25 Td (The total revenue potential for the new contract is US$4 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 610.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 610.25 Td (seadrill secures a new contract for the jack-up unit ) Tj ET Q q 0 0 0 rg BT 283.07 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 291.71 610.25 Td (est Mischief. ) Tj ET Q q 0 0 0 rg BT 345.68 610.25 Td (The total revenue potential for the new contract is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 598.25 Td (approximately US$1) Tj ET Q q 0 0 0 rg BT 160.17 598.25 Td (12 million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 101.47 574.25 Td (Events) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 562.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 562.25 Td (North ) Tj ET Q q 0 0 0 rg BT 102.78 562.25 Td (Atlantic Drilling receives approval from its Norwegian Bondholders to amend the Bond ) Tj ET Q q 0 0 0 rg BT 456.59 562.25 Td (Agreement for its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 550.25 Td (NOK1.5 billion Norwegian Bond maturing in 2018. Under the terms of the agreement, seadrill will provide a guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 538.25 Td (for the Bond Issue in exchange for some amendments to the Bond Issuer's covenant package, namely replacing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 526.25 Td (Issuer's current financial covenants with seadrill financial covenants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 514.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 514.25 Td (North ) Tj ET Q q 0 0 0 rg BT 102.78 514.25 Td (Atlantic Drilling receives approval from lending group to amend the loan agreement for its US$2 billion credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 502.25 Td (facility) Tj ET Q q 0 0 0 rg BT 105.17 502.25 Td (. Under the terms of the agreement, seadrill will provide a guarantee for the credit facility in exchange for some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 490.25 Td (amendments to the Borrower's covenant package, namely replacing the Borrower's current financial covenants with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 478.25 Td (seadrill financial covenants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 466.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 466.25 Td (North ) Tj ET Q q 0 0 0 rg BT 102.78 466.25 Td (Atlantic Drilling receives approval from Ship Finance International Ltd. to amend its US$600 million sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 454.25 Td (leaseback facility) Tj ET Q q 0 0 0 rg BT 146.53 454.25 Td (. Under the terms of the agreement, seadrill will provide a guarantee for the facility in exchange for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 442.25 Td (some amendments to the Borrower's covenant package, namely replacing the Borrower's current financial covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 430.25 Td (with seadrill financial covenants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 418.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 418.25 Td (seadrill and Petrobras unable to finalize extensions for the ) Tj ET Q q 0 0 0 rg BT 313.64 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 322.28 418.25 Td (est ) Tj ET Q q 0 0 0 rg BT 335.70 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 341.11 418.25 Td (aurus and ) Tj ET Q q 0 0 0 rg BT 382.03 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.67 418.25 Td (est Eminence.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 406.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 406.25 Td (seadrill receives notification of early termination from ) Tj ET Q q 0 0 0 rg BT 298.63 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 304.04 406.25 Td (alisman for the ) Tj ET Q q 0 0 0 rg BT 366.34 406.25 Td (W) Tj ET Q q 0 0 0 rg BT 374.98 406.25 Td (est ) Tj ET Q q 0 0 0 rg BT 388.40 406.25 Td (V) Tj ET Q q 0 0 0 rg BT 395.02 406.25 Td (igilant and removes US$81 million from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 394.25 Td (contract backlog. seadrill and ) Tj ET Q q 0 0 0 rg BT 201.72 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 207.13 394.25 Td (alisman continue to work on a commercial solution for the unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 382.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 382.25 Td (Rune Magnus Lundetr will step down as Chief Financial Of) Tj ET Q q 0 0 0 rg BT 323.67 382.25 Td (ficer of seadrill Management Limited with ef) Tj ET Q q 0 0 0 rg BT 505.65 382.25 Td (fect from 30 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 370.25 Td (June 2015 at which time he will leave the seadrill Group. Mr Lundetr has been with the seadrill Group for over seven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 358.25 Td (years the last3 of which have been as Chief Financial Of) Tj ET Q q 0 0 0 rg BT 305.85 358.25 Td (ficer of seadrill Management Limited. ) Tj ET Q q 0 0 0 rg BT 462.29 358.25 Td (The Board wishes to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 346.25 Td (thank Mr Lundetrae for his contribution to the development of the seadrill Group and wishes him well in his future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 334.25 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.00 310.25 Td (information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (Fourth ) Tj ET Q q 0 0 0 rg BT 79.78 286.25 Td (quarter) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 109.78 286.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.28 286.25 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 132.28 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 134.78 286.25 Td (r) Tj ET Q q 0 0 0 rg BT 138.30 286.25 Td (esults) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 90.88 274.25 Td (for ) Tj ET Q q 0 0 0 rg BT 105.04 274.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.75 274.25 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.19 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.69 274.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 177.51 274.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.34 274.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.34 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 210.84 274.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.77 274.25 Td (US$1,261 ) Tj ET Q q 0 0 0 rg BT 275.55 274.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.44 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.94 274.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 348.87 274.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.14 274.25 Td (US$1,293 ) Tj ET Q q 0 0 0 rg BT 401.93 274.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.82 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 433.32 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.60 274.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.31 274.25 Td (third) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.20 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 479.70 274.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 510.52 274.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.35 274.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.35 274.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.72 250.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 118.17 250.25 Td (for ) Tj ET Q q 0 0 0 rg BT 133.07 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.52 250.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 180.07 250.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.86 250.25 Td (US$452 ) Tj ET Q q 0 0 0 rg BT 234.87 250.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.77 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 267.00 250.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 309.66 250.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.67 250.25 Td (US$461 ) Tj ET Q q 0 0 0 rg BT 356.69 250.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.58 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 388.82 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.83 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.28 250.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 457.94 250.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 485.70 250.25 Td (.) Tj ET Q q 0 0 0 rg BT 490.52 250.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 250.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.72 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 250.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.74 238.25 Td (due ) Tj ET Q q 0 0 0 rg BT 105.21 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.02 238.25 Td (downtime ) Tj ET Q q 0 0 0 rg BT 157.05 238.25 Td (on ) Tj ET Q q 0 0 0 rg BT 169.08 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.18 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 191.82 238.25 Td (est ) Tj ET Q q 0 0 0 rg BT 204.96 238.25 Td (Phoenix ) Tj ET Q q 0 0 0 rg BT 239.77 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.09 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 264.73 238.25 Td (est ) Tj ET Q q 0 0 0 rg BT 277.72 238.25 Td (V) Tj ET Q q 0 0 0 rg BT 283.83 238.25 Td (enture, ) Tj ET Q q 0 0 0 rg BT 313.35 238.25 Td (removal ) Tj ET Q q 0 0 0 rg BT 348.15 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.51 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.61 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 381.25 238.25 Td (est ) Tj ET Q q 0 0 0 rg BT 394.24 238.25 Td (V) Tj ET Q q 0 0 0 rg BT 400.35 238.25 Td (ela ) Tj ET Q q 0 0 0 rg BT 414.04 238.25 Td (following ) Tj ET Q q 0 0 0 rg BT 454.96 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.20 238.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 486.78 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.59 238.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 529.73 238.25 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 226.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 84.50 226.25 Td (on ) Tj ET Q q 0 0 0 rg BT 97.00 226.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 145.59 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.42 226.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 196.98 226.25 Td (of) Tj ET Q q 0 0 0 rg BT 205.13 226.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 222.07 226.25 Td (by ) Tj ET Q q 0 0 0 rg BT 234.57 226.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 300.37 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.20 226.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 355.35 226.25 Td (on ) Tj ET Q q 0 0 0 rg BT 367.85 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.39 226.25 Td (W) Tj ET Q q 0 0 0 rg BT 391.03 226.25 Td (est ) Tj ET Q q 0 0 0 rg BT 404.63 226.25 Td (Saturn, ) Tj ET Q q 0 0 0 rg BT 435.56 226.25 Td (W) Tj ET Q q 0 0 0 rg BT 444.20 226.25 Td (est ) Tj ET Q q 0 0 0 rg BT 457.80 226.25 Td (Jupiter) Tj ET Q q 0 0 0 rg BT 484.62 226.25 Td (, ) Tj ET Q q 0 0 0 rg BT 489.62 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.38 226.25 Td (W) Tj ET Q q 0 0 0 rg BT 515.01 226.25 Td (est ) Tj ET Q q 0 0 0 rg BT 528.62 226.25 Td (Neptune ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 214.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 86.16 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 98.66 214.25 Td (disposals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.79 190.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.62 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.91 190.25 Td (other ) Tj ET Q q 0 0 0 rg BT 141.30 190.25 Td (items ) Tj ET Q q 0 0 0 rg BT 164.82 190.25 Td (for ) Tj ET Q q 0 0 0 rg BT 178.33 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.39 190.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 222.56 190.25 Td (showed ) Tj ET Q q 0 0 0 rg BT 254.96 190.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.25 190.25 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.81 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.66 190.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.84 190.25 Td (US$251 ) Tj ET Q q 0 0 0 rg BT 323.47 190.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.36 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.21 190.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 395.49 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.11 190.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.40 190.25 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.96 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 428.81 190.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.99 190.25 Td (US$232 ) Tj ET Q q 0 0 0 rg BT 473.63 190.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.52 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 504.37 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.00 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.06 190.25 Td (previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 77.26 178.25 Td (. ) Tj ET Q q 0 0 0 rg BT 82.37 178.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.73 178.25 Td (loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.29 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.10 178.25 Td (was ) Tj ET Q q 0 0 0 rg BT 137.46 178.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 177.48 178.25 Td (related ) Tj ET Q q 0 0 0 rg BT 207.49 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.08 178.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 250.32 178.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 285.34 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.58 178.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 329.28 178.25 Td (on ) Tj ET Q q 0 0 0 rg BT 342.09 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.12 178.25 Td (mark ) Tj ET Q q 0 0 0 rg BT 380.47 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.06 178.25 Td (market ) Tj ET Q q 0 0 0 rg BT 421.63 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.77 178.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 475.56 178.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.35 178.25 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 166.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 74.59 166.25 Td (by ) Tj ET Q q 0 0 0 rg BT 87.09 166.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 119.02 166.25 Td (income ) Tj ET Q q 0 0 0 rg BT 150.96 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.89 166.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 199.27 166.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 239.52 166.25 Td (gains. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.27 142.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 105.59 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 120.03 142.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.03 142.25 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.47 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 162.25 142.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 193.34 142.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.55 142.25 Td (US$51 ) Tj ET Q q 0 0 0 rg BT 246.11 142.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 142.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.28 142.25 Td (an ) Tj ET Q q 0 0 0 rg BT 292.50 142.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.26 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 328.04 142.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 142.25 Td (US$12 ) Tj ET Q q 0 0 0 rg BT 369.71 142.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.60 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.38 142.25 Td (from ) Tj ET Q q 0 0 0 rg BT 423.60 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.60 142.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 475.81 142.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 503.58 142.25 Td (. ) Tj ET Q q 0 0 0 rg BT 508.86 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.44 142.25 Td (The ) Tj ET Q q 0 0 0 rg BT 529.76 142.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 130.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 107.26 130.25 Td (due ) Tj ET Q q 0 0 0 rg BT 124.20 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.48 130.25 Td (an ) Tj ET Q q 0 0 0 rg BT 146.42 130.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 181.67 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.95 130.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 236.12 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 250.28 130.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 289.98 130.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 304.70 130.25 Td (positions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.29 106.25 Td (income ) Tj ET Q q 0 0 0 rg BT 100.08 106.25 Td (for ) Tj ET Q q 0 0 0 rg BT 115.09 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.66 106.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 162.32 106.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.23 106.25 Td (US$150 ) Tj ET Q q 0 0 0 rg BT 217.36 106.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.26 106.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.61 106.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 302.38 106.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 326.28 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.07 106.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 375.20 106.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 412.43 106.25 Td (per ) Tj ET Q q 0 0 0 rg BT 428.55 106.25 Td (share ) Tj ET Q q 0 0 0 rg BT 453.00 106.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.68 106.25 Td ($0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.18 106.25 Td (. ) Tj ET Q q 0 0 0 rg BT 493.03 106.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.38 106.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 514.18 106.25 Td (income ) Tj ET Q q 0 0 0 rg BT 546.96 106.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 93.65 94.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 132.80 94.25 Td (by ) Tj ET Q q 0 0 0 rg BT 145.30 94.25 Td (a ) Tj ET Q q 0 0 0 rg BT 152.24 94.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 190.84 94.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 239.44 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.27 94.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 288.32 94.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 94.25 Td (US$232 ) Tj ET Q q 0 0 0 rg BT 334.44 94.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.33 94.25 Td ( ) Tj ET Q q 0 0 0 rg BT 365.83 94.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 398.87 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.15 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.87 94.25 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 457.46 94.25 Td (segment. ) Tj ET Q q 0 0 0 rg BT 495.79 94.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.25 Td (* ) Tj ET Q q 0 0 0 rg BT 57.01 58.25 Td (Economic ) Tj ET Q q 0 0 0 rg BT 100.05 58.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 143.11 58.25 Td (is ) Tj ET Q q 0 0 0 rg BT 152.28 58.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 195.32 58.25 Td (as ) Tj ET Q q 0 0 0 rg BT 206.15 58.25 Td (total ) Tj ET Q q 0 0 0 rg BT 226.43 58.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 260.59 58.25 Td (for ) Tj ET Q q 0 0 0 rg BT 274.75 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.48 58.25 Td (period ) Tj ET Q q 0 0 0 rg BT 317.53 58.25 Td (as ) Tj ET Q q 0 0 0 rg BT 328.37 58.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.31 58.25 Td (proportion ) Tj ET Q q 0 0 0 rg BT 380.03 58.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.87 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.59 58.25 Td (full ) Tj ET Q q 0 0 0 rg BT 421.99 58.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 462.26 58.25 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 494.19 58.25 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 537.80 58.25 Td (by ) Tj ET Q q 0 0 0 rg BT 550.31 58.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.25 Td (number ) Tj ET Q q 0 0 0 rg BT 82.55 46.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.38 46.25 Td (days ) Tj ET Q q 0 0 0 rg BT 114.21 46.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.49 46.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.20 46.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 169.75 46.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 211.68 46.25 Td (bonuses.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (Balance sheet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.10 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.92 718.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 132.50 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 157.48 718.10 Td (total ) Tj ET Q q 0 0 0 rg BT 177.75 718.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 203.57 718.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.48 718.10 Td (US$26,506 ) Tj ET Q q 0 0 0 rg BT 273.26 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.14 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.07 718.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.48 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.97 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.79 718.10 Td (US$881 ) Tj ET Q q 0 0 0 rg BT 397.06 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.95 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.44 718.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 470.35 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.62 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.33 718.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 532.26 718.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 560.02 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 694.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.63 694.10 Td (current ) Tj ET Q q 0 0 0 rg BT 103.67 694.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.72 694.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.13 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.85 694.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.35 694.10 Td (US$3,415 ) Tj ET Q q 0 0 0 rg BT 225.36 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.25 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.97 694.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.13 694.10 Td (US$3,422 ) Tj ET Q q 0 0 0 rg BT 322.14 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.03 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.75 694.10 Td (over ) Tj ET Q q 0 0 0 rg BT 374.24 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.18 694.10 Td (course ) Tj ET Q q 0 0 0 rg BT 418.00 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.06 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.99 694.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 471.91 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 477.13 694.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 517.07 694.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 545.33 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 558.06 694.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 86.41 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.69 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.41 682.10 Td (value ) Tj ET Q q 0 0 0 rg BT 135.56 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.39 682.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 193.31 682.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 236.08 682.10 Td (of) Tj ET Q q 0 0 0 rg BT 244.23 682.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 261.17 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 273.67 682.10 Td (an ) Tj ET Q q 0 0 0 rg BT 285.60 682.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 320.86 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.14 682.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.40 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.34 682.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 405.83 682.10 Td (receivable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 658.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.80 658.10 Td (non-current ) Tj ET Q q 0 0 0 rg BT 122.34 658.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.57 658.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.99 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.88 658.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.56 658.10 Td (US$23,091 ) Tj ET Q q 0 0 0 rg BT 249.74 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.63 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.53 658.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.86 658.10 Td (US$23,965 ) Tj ET Q q 0 0 0 rg BT 352.04 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.93 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.83 658.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 423.94 658.10 Td (due ) Tj ET Q q 0 0 0 rg BT 441.28 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.95 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.06 658.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 485.51 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.74 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.64 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 520.28 658.10 Td (est ) Tj ET Q q 0 0 0 rg BT 534.07 658.10 Td (V) Tj ET Q q 0 0 0 rg BT 540.19 658.10 Td (ela ) Tj ET Q q 0 0 0 rg BT 554.74 658.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 82.37 646.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 119.41 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.62 646.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 161.80 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.35 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.34 646.10 Td (value ) Tj ET Q q 0 0 0 rg BT 208.77 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.87 646.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 265.05 646.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 307.09 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.30 646.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 371.17 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.27 646.10 Td (Goodwill, ) Tj ET Q q 0 0 0 rg BT 423.31 646.10 Td (of) Tj ET Q q 0 0 0 rg BT 431.46 646.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 447.67 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 459.44 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 470.65 646.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 505.17 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.72 646.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 634.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 103.37 634.10 Td (companies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.14 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 610.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.37 610.10 Td (current ) Tj ET Q q 0 0 0 rg BT 103.15 610.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.83 610.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.59 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.05 610.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.30 610.10 Td (US$4,574 ) Tj ET Q q 0 0 0 rg BT 236.05 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.94 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.41 610.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.31 610.10 Td (US$3,609 ) Tj ET Q q 0 0 0 rg BT 332.06 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.95 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.42 610.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 403.09 610.10 Td (due ) Tj ET Q q 0 0 0 rg BT 420.00 610.10 Td (an ) Tj ET Q q 0 0 0 rg BT 431.90 610.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 467.12 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.37 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.05 610.10 Td (current ) Tj ET Q q 0 0 0 rg BT 522.83 610.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.18 610.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (long ) Tj ET Q q 0 0 0 rg BT 69.78 598.10 Td (term ) Tj ET Q q 0 0 0 rg BT 90.60 598.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 110.32 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.26 598.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 171.40 598.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 197.79 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 210.29 598.10 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 259.16 598.10 Td (of) Tj ET Q q 0 0 0 rg BT 267.31 598.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 284.25 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.75 598.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 327.58 598.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 366.17 598.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 385.89 598.10 Td (instalments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 94.75 574.10 Td (external ) Tj ET Q q 0 0 0 rg BT 129.43 574.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 161.35 574.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 193.82 574.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.52 574.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.93 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.41 574.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.67 574.10 Td (US$10,31) Tj ET Q q 0 0 0 rg BT 305.59 574.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 313.07 574.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.96 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.44 574.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.37 574.10 Td (US$1) Tj ET Q q 0 0 0 rg BT 388.78 574.10 Td (1,422 ) Tj ET Q q 0 0 0 rg BT 413.76 574.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.13 574.10 Td (over ) Tj ET Q q 0 0 0 rg BT 465.39 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.09 574.10 Td (course ) Tj ET Q q 0 0 0 rg BT 508.67 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.48 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.18 574.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.57 562.10 Td (total ) Tj ET Q q 0 0 0 rg BT 86.98 562.10 Td (net ) Tj ET Q q 0 0 0 rg BT 101.84 562.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 133.91 562.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 166.53 562.10 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.74 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.38 562.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.79 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.43 562.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.84 562.10 Td (US$1) Tj ET Q q 0 0 0 rg BT 261.25 562.10 Td (1,755 ) Tj ET Q q 0 0 0 rg BT 286.39 562.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.28 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.92 562.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.99 562.10 Td (US$12,735 ) Tj ET Q q 0 0 0 rg BT 387.91 562.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 421.94 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.38 562.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.57 562.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.98 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.62 562.10 Td (was ) Tj ET Q q 0 0 0 rg BT 497.80 562.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 537.65 562.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.73 562.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.28 550.10 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 121.82 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.71 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.30 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 155.94 550.10 Td (est ) Tj ET Q q 0 0 0 rg BT 169.42 550.10 Td (V) Tj ET Q q 0 0 0 rg BT 175.53 550.10 Td (ela ) Tj ET Q q 0 0 0 rg BT 189.75 550.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 220.63 550.10 Td (following ) Tj ET Q q 0 0 0 rg BT 262.08 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.85 550.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 294.96 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.30 550.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 338.96 550.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 376.79 550.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 413.76 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.10 550.10 Td (related ) Tj ET Q q 0 0 0 rg BT 453.87 550.10 Td (party ) Tj ET Q q 0 0 0 rg BT 476.97 550.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 496.75 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 507.64 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.64 550.10 Td (result ) Tj ET Q q 0 0 0 rg BT 539.41 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 550.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 538.10 Td (est ) Tj ET Q q 0 0 0 rg BT 71.75 538.10 Td (Polaris ) Tj ET Q q 0 0 0 rg BT 102.02 538.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 150.91 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.84 538.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 203.10 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.93 538.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 234.20 538.10 Td (balance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 514.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.88 514.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.85 514.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.26 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.23 514.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.98 514.10 Td (US$10,390 ) Tj ET Q q 0 0 0 rg BT 197.24 514.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.13 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.10 514.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.51 514.10 Td (US$10,944 ) Tj ET Q q 0 0 0 rg BT 296.77 514.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.66 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.63 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 337.94 514.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.24 514.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 406.30 514.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 430.77 514.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 469.95 514.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 497.47 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 509.45 514.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 535.31 514.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 502.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 103.92 502.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 126.97 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.24 502.10 Td (market ) Tj ET Q q 0 0 0 rg BT 167.51 502.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 185.57 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 198.07 502.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 244.99 502.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 287.75 502.10 Td (of) Tj ET Q q 0 0 0 rg BT 295.90 502.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 312.84 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.34 502.10 Td (net ) Tj ET Q q 0 0 0 rg BT 340.06 502.10 Td (income ) Tj ET Q q 0 0 0 rg BT 371.99 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.15 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.87 502.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 428.63 502.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.56 478.10 Td (flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (As ) Tj ET Q q 0 0 0 rg BT 62.18 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.08 466.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 129.73 466.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.73 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.80 466.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.14 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.15 466.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.48 466.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 255.60 466.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.59 466.10 Td (US$831 ) Tj ET Q q 0 0 0 rg BT 310.95 466.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.84 466.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.91 466.10 Td (an ) Tj ET Q q 0 0 0 rg BT 354.91 466.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.67 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.24 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.13 466.10 Td (US$193 ) Tj ET Q q 0 0 0 rg BT 433.49 466.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.38 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.95 466.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 504.94 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.29 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.07 466.10 Td (previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 77.26 454.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.63 430.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.09 430.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 125.32 430.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.32 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.01 430.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 178.46 430.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 217.25 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.60 430.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.51 430.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.16 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.85 430.10 Td (month ) Tj ET Q q 0 0 0 rg BT 304.10 430.10 Td (period ) Tj ET Q q 0 0 0 rg BT 332.34 430.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.90 430.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 417.68 430.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.68 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.37 430.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.61 430.10 Td (US$1,574 ) Tj ET Q q 0 0 0 rg BT 501.58 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.47 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.16 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 430.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.45 418.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 107.17 418.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.17 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.35 418.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 158.20 418.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 196.48 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.31 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.71 418.10 Td (same ) Tj ET Q q 0 0 0 rg BT 247.44 418.10 Td (period ) Tj ET Q q 0 0 0 rg BT 275.16 418.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.89 418.10 Td (US$66 ) Tj ET Q q 0 0 0 rg BT 322.86 418.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.75 418.10 Td (.Net ) Tj ET Q q 0 0 0 rg BT 375.87 418.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 395.81 418.10 Td (used ) Tj ET Q q 0 0 0 rg BT 416.32 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.28 418.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 466.22 418.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 504.50 418.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.23 418.10 Td (US$1,521 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 406.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 101.45 382.10 Td (shar) Tj ET Q q 0 0 0 rg BT 118.86 382.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.15 370.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.02 370.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 132.64 370.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.64 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.17 370.10 Td (common ) Tj ET Q q 0 0 0 rg BT 192.71 370.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 220.23 370.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 269.43 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.75 370.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 313.39 370.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 347.59 370.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.33 370.10 Td (493,078,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.33 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.87 370.10 Td (including ) Tj ET Q q 0 0 0 rg BT 470.18 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.05 370.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 519.14 370.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.01 370.10 Td (318,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 84.18 358.10 Td (shares.) Tj ET Q q 0 0 0 rg BT 116.12 358.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 166.02 358.10 Td (, ) Tj ET Q q 0 0 0 rg BT 170.99 358.10 Td (we ) Tj ET Q q 0 0 0 rg BT 185.13 358.10 Td (had ) Tj ET Q q 0 0 0 rg BT 202.04 358.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 225.62 358.10 Td (options ) Tj ET Q q 0 0 0 rg BT 257.54 358.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.68 358.10 Td (2,584,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.68 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.15 358.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 341.61 358.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 390.75 358.10 Td (under ) Tj ET Q q 0 0 0 rg BT 415.99 358.10 Td (various ) Tj ET Q q 0 0 0 rg BT 447.90 358.10 Td (share ) Tj ET Q q 0 0 0 rg BT 471.48 358.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 510.60 358.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 550.84 358.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 105.10 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.44 346.10 Td (which ) Tj ET Q q 0 0 0 rg BT 141.89 346.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.66 346.10 Td (1,164,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.66 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.67 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 257.89 346.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 285.45 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.89 346.10 Td (exercisable.) Tj ET Q q 0 0 0 rg BT 354.18 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 371.74 346.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.64 346.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 450.74 346.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 474.42 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.73 346.10 Td (TRS ) Tj ET Q q 0 0 0 rg BT 501.08 346.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 544.73 346.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 88.10 334.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.38 334.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 105.88 334.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.77 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.27 334.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 164.76 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.04 334.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 208.64 334.10 Td (which ) Tj ET Q q 0 0 0 rg BT 235.58 334.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 269.73 334.10 Td (on ) Tj ET Q q 0 0 0 rg BT 282.23 334.10 Td (March ) Tj ET Q q 0 0 0 rg BT 310.83 334.10 Td (3, ) Tj ET Q q 0 0 0 rg BT 320.83 334.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 345.83 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 366.11 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.05 334.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 397.77 334.10 Td (price ) Tj ET Q q 0 0 0 rg BT 420.25 334.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.08 334.10 Td (NOK ) Tj ET Q q 0 0 0 rg BT 455.25 334.10 Td (96.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.75 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.25 334.10 Td (per ) Tj ET Q q 0 0 0 rg BT 495.52 334.10 Td (share.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.08 286.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.04 286.10 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.48 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.23 286.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 148.14 286.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.39 286.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 185.24 286.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 218.65 286.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.84 286.10 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.84 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.59 286.10 Td (floaters ) Tj ET Q q 0 0 0 rg BT 278.32 286.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.51 286.10 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.51 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.25 286.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 337.99 286.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 354.74 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.26 286.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 403.77 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.30 286.10 Td (Northern ) Tj ET Q q 0 0 0 rg BT 451.15 286.10 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 484.27 286.10 Td (US ) Tj ET Q q 0 0 0 rg BT 498.80 286.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 518.88 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.96 286.10 Td (Mexico, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 84.63 274.10 Td (South ) Tj ET Q q 0 0 0 rg BT 109.21 274.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 147.72 274.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 181.67 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 190.31 274.10 Td (est ) Tj ET Q q 0 0 0 rg BT 202.66 274.10 Td (Africa, ) Tj ET Q q 0 0 0 rg BT 232.28 274.10 Td (Middle ) Tj ET Q q 0 0 0 rg BT 262.75 274.10 Td (East ) Tj ET Q q 0 0 0 rg BT 281.56 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.58 274.10 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 337.70 274.10 Td (Asia. ) Tj ET Q q 0 0 0 rg BT 360.12 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.35 274.10 Td (Additionally ) Tj ET Q q 0 0 0 rg BT 413.49 274.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 446.18 274.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 482.75 274.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 496.56 274.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 529.24 274.10 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 67.50 262.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 111.66 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.49 262.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 147.75 262.10 Td (floaters ) Tj ET Q q 0 0 0 rg BT 180.24 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.18 262.10 Td (three ) Tj ET Q q 0 0 0 rg BT 219.66 262.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 247.15 262.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 267.15 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.65 262.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 303.25 262.10 Td (also ) Tj ET Q q 0 0 0 rg BT 321.86 262.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 359.35 262.10 Td (two ) Tj ET Q q 0 0 0 rg BT 376.85 262.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 404.33 262.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 421.83 262.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 450.99 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 463.49 262.10 Td (SapuraKencana.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (seadrill Limited floaters \(drillships and semi-submersible rigs\) achieved an economic utilization rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.82 238.10 Td (94%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 238.10 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 238.10 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.08 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (quarter compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.02 226.10 Td (89%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.35 226.10 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.84 226.10 Td (third) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.73 226.10 Td ( quarter) Tj ET Q q 0 0 0 rg BT 227.99 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 235.31 226.10 Td (The economic utilization for the seadrill Group floaters on a combined basis was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (93%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 190.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 85.63 190.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 127.00 190.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 170.04 190.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.10 190.10 Td (98%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.43 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.93 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 223.09 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.92 190.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 271.40 190.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 288.90 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.18 190.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 190.10 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.33 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.83 190.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 371.65 190.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 413.57 190.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.85 190.10 Td (96%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.18 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.68 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.96 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.68 190.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 511.60 190.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 539.37 190.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (In January 2014 the Company introduced a number of cost saving initiatives, and the benefits of these initiatives are already ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (being recognized. ) Tj ET Q q 0 0 0 rg BT 125.90 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.54 154.10 Td (e have managed to reduce costs in operating expense, G&A) Tj ET Q q 0 0 0 rg BT 372.79 154.10 Td ( and capex, resulting in a total saving of US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td ($250 million. ) Tj ET Q q 0 0 0 rg BT 108.71 142.10 Td (The focus on cost reduction will continue in 2015 through additional initiatives and we believe savings in excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (of the amount realized in 2014 can be identified.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Newbuilding ) Tj ET Q q 0 0 0 rg BT 106.96 94.10 Td (pr) Tj ET Q q 0 0 0 rg BT 116.78 94.10 Td (ogram) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.60 82.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 122.20 82.10 Td (has ) Tj ET Q q 0 0 0 rg BT 138.03 82.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 150.53 82.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 168.03 82.10 Td (under ) Tj ET Q q 0 0 0 rg BT 193.30 82.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 245.23 82.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 289.38 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.21 82.10 Td (four ) Tj ET Q q 0 0 0 rg BT 319.38 82.10 Td (Drillships, ) Tj ET Q q 0 0 0 rg BT 363.82 82.10 Td (three ) Tj ET Q q 0 0 0 rg BT 386.31 82.10 Td (Semi-submersibles, ) Tj ET Q q 0 0 0 rg BT 467.41 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.35 82.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 506.85 82.10 Td (Jack-ups.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 58.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.91 58.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 115.95 58.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 136.22 58.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 187.05 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.21 58.10 Td (these ) Tj ET Q q 0 0 0 rg BT 224.26 58.10 Td (newbuilds ) Tj ET Q q 0 0 0 rg BT 267.87 58.10 Td (are ) Tj ET Q q 0 0 0 rg BT 282.58 58.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 342.84 58.10 Td (US$4.3 ) Tj ET Q q 0 0 0 rg BT 375.63 58.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 404.24 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.18 58.10 Td (US$1.1 ) Tj ET Q q 0 0 0 rg BT 453.96 58.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 482.58 58.10 Td (has ) Tj ET Q q 0 0 0 rg BT 498.41 58.10 Td (been ) Tj ET Q q 0 0 0 rg BT 519.79 58.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 539.51 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 58.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (yards ) Tj ET Q q 0 0 0 rg BT 74.16 46.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.44 46.10 Td (pre-delivery ) Tj ET Q q 0 0 0 rg BT 135.80 46.10 Td (installments.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Preliminary ) Tj ET Q q 0 0 0 rg BT 99.58 730.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 121.95 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.10 730.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 156.13 730.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 197.37 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 218.62 730.10 Td (been ) Tj ET Q q 0 0 0 rg BT 239.87 730.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 263.89 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.04 730.10 Td (order ) Tj ET Q q 0 0 0 rg BT 297.51 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.66 730.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 332.25 730.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 359.61 730.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 394.75 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.45 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.26 730.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 430.18 730.10 Td (without ) Tj ET Q q 0 0 0 rg BT 463.11 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.92 730.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 506.99 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.36 730.10 Td (For ) Tj ET Q q 0 0 0 rg BT 525.63 730.10 Td (example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 97.98 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 119.30 718.10 Td (been ) Tj ET Q q 0 0 0 rg BT 140.62 718.10 Td (reached ) Tj ET Q q 0 0 0 rg BT 174.15 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 194.38 718.10 Td (both ) Tj ET Q q 0 0 0 rg BT 214.60 718.10 Td (Cosco ) Tj ET Q q 0 0 0 rg BT 242.04 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.93 718.10 Td (Dalian ) Tj ET Q q 0 0 0 rg BT 288.03 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.25 718.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 322.35 718.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 357.56 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.34 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.00 718.10 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 409.88 718.10 Td (Developer ) Tj ET Q q 0 0 0 rg BT 453.97 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.86 718.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 493.30 718.10 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 526.84 718.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 551.24 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 553.68 718.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.64 706.10 Td (case ) Tj ET Q q 0 0 0 rg BT 84.26 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.01 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.64 706.10 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 136.50 706.10 Td (Developer) Tj ET Q q 0 0 0 rg BT 177.75 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 182.67 706.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 217.85 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 235.82 706.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 269.34 706.10 Td (delayed ) Tj ET Q q 0 0 0 rg BT 302.86 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.27 706.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 327.69 706.10 Td (months ) Tj ET Q q 0 0 0 rg BT 359.56 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 379.76 706.10 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 430.48 706.10 Td (options ) Tj ET Q q 0 0 0 rg BT 462.35 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 471.98 706.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 479.40 706.10 Td (month ) Tj ET Q q 0 0 0 rg BT 507.38 706.10 Td (intervals ) Tj ET Q q 0 0 0 rg BT 544.23 706.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 694.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 101.88 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.99 694.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 135.98 694.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 171.08 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.42 694.10 Td (up ) Tj ET Q q 0 0 0 rg BT 195.75 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.87 694.10 Td (36 ) Tj ET Q q 0 0 0 rg BT 218.20 694.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 252.49 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.65 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 272.53 694.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 316.51 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 336.62 694.10 Td (Dalian ) Tj ET Q q 0 0 0 rg BT 365.61 694.10 Td (extends ) Tj ET Q q 0 0 0 rg BT 398.50 694.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 433.60 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 445.93 694.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 468.26 694.10 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 501.70 694.10 Td (units ) Tj ET Q q 0 0 0 rg BT 523.48 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 537.48 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 544.25 694.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 682.10 Td (44 ) Tj ET Q q 0 0 0 rg BT 73.33 682.10 Td (months.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (New ) Tj ET Q q 0 0 0 rg BT 71.38 646.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 116.09 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.72 646.10 Td (Contract ) Tj ET Q q 0 0 0 rg BT 175.54 646.10 Td (Extensions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (During ) Tj ET Q q 0 0 0 rg BT 79.63 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.15 634.10 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.59 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.90 634.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 148.52 634.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.15 634.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.15 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.95 634.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 214.36 634.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 245.09 634.10 Td (into ) Tj ET Q q 0 0 0 rg BT 261.95 634.10 Td (five ) Tj ET Q q 0 0 0 rg BT 278.80 634.10 Td (new ) Tj ET Q q 0 0 0 rg BT 296.76 634.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 334.16 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.90 634.10 Td (one ) Tj ET Q q 0 0 0 rg BT 365.64 634.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 399.15 634.10 Td (extension, ) Tj ET Q q 0 0 0 rg BT 441.28 634.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 469.80 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.54 634.10 Td (total ) Tj ET Q q 0 0 0 rg BT 494.62 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.25 634.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (US$1.3 ) Tj ET Q q 0 0 0 rg BT 82.78 622.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 111.40 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.67 622.10 Td (backlog:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (seadrill secured executed contract awards with Petrobras for the Libra Field for the ) Tj ET Q q 0 0 0 rg BT 385.53 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 394.17 598.10 Td (est ) Tj ET Q q 0 0 0 rg BT 407.59 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 413.00 598.10 Td (ellus and ) Tj ET Q q 0 0 0 rg BT 451.15 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 459.79 598.10 Td (est Carina. ) Tj ET Q q 0 0 0 rg BT 507.37 598.10 Td (The contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (are for a firm period of three years each and have a total revenue potential including mobilization of US$1.1 billion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (seadrill secured a 145 day contract extension with ) Tj ET Q q 0 0 0 rg BT 253.64 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 259.05 562.10 Td (otal for the semi-submersible unit ) Tj ET Q q 0 0 0 rg BT 396.34 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 404.98 562.10 Td (est Eclipse. ) Tj ET Q q 0 0 0 rg BT 455.34 562.10 Td (The total revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (potential for the extension is approximately US$65 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (seadrill secured a new contract for the jack-up unit ) Tj ET Q q 0 0 0 rg BT 256.68 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 265.32 526.10 Td (est Leda. ) Tj ET Q q 0 0 0 rg BT 303.73 526.10 Td (The total revenue potential for the new contract is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (approximately US$16 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (seadrill secured a new contract for the jack-up unit ) Tj ET Q q 0 0 0 rg BT 256.68 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 265.32 490.10 Td (est ) Tj ET Q q 0 0 0 rg BT 278.75 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 284.16 490.10 Td (elesto. ) Tj ET Q q 0 0 0 rg BT 312.30 490.10 Td (This is in direct continuation from the previous contract in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Australia and is for one well. ) Tj ET Q q 0 0 0 rg BT 170.90 478.10 Td (The total revenue potential for the new contract is US$4 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (seadrill secured a new contract for the jack-up unit ) Tj ET Q q 0 0 0 rg BT 256.68 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 265.32 454.10 Td (est Mischief. ) Tj ET Q q 0 0 0 rg BT 319.29 454.10 Td (The total revenue potential for the new contract is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (approximately US$1) Tj ET Q q 0 0 0 rg BT 132.67 442.10 Td (12 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (For ) Tj ET Q q 0 0 0 rg BT 67.20 418.10 Td (more ) Tj ET Q q 0 0 0 rg BT 91.06 418.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 126.02 418.10 Td (information ) Tj ET Q q 0 0 0 rg BT 176.55 418.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 218.18 418.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 241.48 418.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 263.67 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.42 418.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 316.94 418.10 Td (durations ) Tj ET Q q 0 0 0 rg BT 357.47 418.10 Td (including ) Tj ET Q q 0 0 0 rg BT 398.55 418.10 Td (escalation, ) Tj ET Q q 0 0 0 rg BT 444.34 418.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 482.63 418.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 529.83 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 418.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 78.49 406.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 115.30 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.68 406.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 152.27 406.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 175.75 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.79 406.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 232.72 406.10 Td (profiles, ) Tj ET Q q 0 0 0 rg BT 270.37 406.10 Td (see ) Tj ET Q q 0 0 0 rg BT 287.74 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.67 406.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 346.36 406.10 Td (fleet ) Tj ET Q q 0 0 0 rg BT 368.73 406.10 Td (status ) Tj ET Q q 0 0 0 rg BT 396.11 406.10 Td (report ) Tj ET Q q 0 0 0 rg BT 424.59 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.52 406.10 Td (news ) Tj ET Q q 0 0 0 rg BT 462.67 406.10 Td (releases ) Tj ET Q q 0 0 0 rg BT 498.92 406.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.52 406.10 Td (our ) Tj ET Q q 0 0 0 rg BT 531.45 406.10 Td (website ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (www) Tj ET Q q 0 0 0 rg BT 71.02 394.10 Td (.seadrill.com) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 88.05 358.10 Td (Backlog ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 346.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.73 346.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 106.16 346.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 140.15 346.10 Td (order ) Tj ET Q q 0 0 0 rg BT 163.57 346.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 197.55 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.21 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.86 346.10 Td (February ) Tj ET Q q 0 0 0 rg BT 257.29 346.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 272.11 346.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 294.44 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.43 346.10 Td (US$1) Tj ET Q q 0 0 0 rg BT 325.85 346.10 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 340.67 346.10 Td (billion, ) Tj ET Q q 0 0 0 rg BT 371.61 346.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 415.59 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.25 346.10 Td (US$8.0 ) Tj ET Q q 0 0 0 rg BT 458.86 346.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 487.30 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.28 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.82 346.10 Td (floater ) Tj ET Q q 0 0 0 rg BT 544.24 346.10 Td (fleet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 334.10 Td (US$3.6 ) Tj ET Q q 0 0 0 rg BT 99.72 334.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 128.33 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.50 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.21 334.10 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 190.81 334.10 Td (fleet. ) Tj ET Q q 0 0 0 rg BT 213.57 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.89 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 233.94 334.10 Td (average ) Tj ET Q q 0 0 0 rg BT 267.52 334.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 302.23 334.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 338.05 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 347.22 334.10 Td (26 ) Tj ET Q q 0 0 0 rg BT 359.72 334.10 Td (months ) Tj ET Q q 0 0 0 rg BT 391.67 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.83 334.10 Td (floaters ) Tj ET Q q 0 0 0 rg BT 438.32 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.25 334.10 Td (25 ) Tj ET Q q 0 0 0 rg BT 467.75 334.10 Td (months ) Tj ET Q q 0 0 0 rg BT 499.70 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 513.86 334.10 Td (Jack-ups.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (These ) Tj ET Q q 0 0 0 rg BT 76.38 310.10 Td (figures ) Tj ET Q q 0 0 0 rg BT 106.65 310.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 140.24 310.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 174.39 310.10 Td (related ) Tj ET Q q 0 0 0 rg BT 204.10 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.38 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.88 310.10 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 250.48 310.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 291.58 310.10 Td (pipelay ) Tj ET Q q 0 0 0 rg BT 323.51 310.10 Td (vessels ) Tj ET Q q 0 0 0 rg BT 354.34 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.28 310.10 Td (Sete ) Tj ET Q q 0 0 0 rg BT 391.00 310.10 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 430.71 310.10 Td (drillships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.77 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.87 286.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 112.85 286.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 140.28 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 152.16 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.48 286.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 199.79 286.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 224.17 286.10 Td (total ) Tj ET Q q 0 0 0 rg BT 243.83 286.10 Td (order ) Tj ET Q q 0 0 0 rg BT 266.81 286.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 300.34 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 308.89 286.10 Td (US$17.2 ) Tj ET Q q 0 0 0 rg BT 346.05 286.10 Td (billion, ) Tj ET Q q 0 0 0 rg BT 376.55 286.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 416.19 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.40 286.10 Td (Rosneft ) Tj ET Q q 0 0 0 rg BT 459.39 286.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 499.86 286.10 Td (pipelay ) Tj ET Q q 0 0 0 rg BT 531.18 286.10 Td (vessels, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 274.10 Td (Sete ) Tj ET Q q 0 0 0 rg BT 86.66 274.10 Td (drillships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (In November 2014, North ) Tj ET Q q 0 0 0 rg BT 155.82 250.10 Td (Atlantic Drilling and Rosneft agreed to delay to May 2015 the closing of the transactions announced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (in May 2014. Due to recent developments and events, North ) Tj ET Q q 0 0 0 rg BT 295.78 238.10 Td (Atlantic Drilling believes that it will be very challenging to close ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (the transactions on the same terms or in the timeframe contemplated in the executed agreements.Hence there are significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (risks attached to the US$4.1 billion order back-log related to the drilling contracts with Rosneft. However) Tj ET Q q 0 0 0 rg BT 472.55 214.10 Td (, the parties remain in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (discussions and continue to explore various alternatives for future cooperation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (At the time of its third quarter earnings release in November 2014, seadrill announced that Petrobras approval had been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (received for the extensions of its ultra-deepwater semi-submersibles the ) Tj ET Q q 0 0 0 rg BT 339.44 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 348.08 166.10 Td (est ) Tj ET Q q 0 0 0 rg BT 361.51 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 366.92 166.10 Td (aurus and ) Tj ET Q q 0 0 0 rg BT 407.84 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 416.47 166.10 Td (est Eminence. ) Tj ET Q q 0 0 0 rg BT 477.38 166.10 Td (The Company no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (longer believes the contracts will be concluded in the timeframe or on the previously approved commercial terms. seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (continues to work with Petrobras and its partners to find a mutually agreeable commercial solution. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.01 118.10 Td (light ) Tj ET Q q 0 0 0 rg BT 80.02 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.03 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.93 118.10 Td (current ) Tj ET Q q 0 0 0 rg BT 133.93 118.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 188.65 118.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 221.43 118.10 Td (is ) Tj ET Q q 0 0 0 rg BT 229.78 118.10 Td (encountering ) Tj ET Q q 0 0 0 rg BT 283.66 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.78 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 318.68 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.13 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.03 118.10 Td (future ) Tj ET Q q 0 0 0 rg BT 367.59 118.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 408.69 118.10 Td (situations ) Tj ET Q q 0 0 0 rg BT 448.71 118.10 Td (where ) Tj ET Q q 0 0 0 rg BT 474.81 118.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 533.13 118.10 Td (request ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 73.51 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.71 106.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 127.77 106.10 Td (dayrates ) Tj ET Q q 0 0 0 rg BT 163.51 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.26 106.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 194.44 106.10 Td (early ) Tj ET Q q 0 0 0 rg BT 216.85 106.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 251.47 106.10 Td (termination. ) Tj ET Q q 0 0 0 rg BT 302.49 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.91 106.10 Td (In ) Tj ET Q q 0 0 0 rg BT 315.66 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.29 106.10 Td (event ) Tj ET Q q 0 0 0 rg BT 354.37 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.12 106.10 Td (early ) Tj ET Q q 0 0 0 rg BT 387.52 106.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 436.04 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 450.12 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.76 106.10 Td (customer's ) Tj ET Q q 0 0 0 rg BT 509.52 106.10 Td (convenience, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (an ) Tj ET Q q 0 0 0 rg BT 62.43 94.10 Td (early ) Tj ET Q q 0 0 0 rg BT 85.41 94.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 134.50 94.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 167.49 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.15 94.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 215.13 94.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 249.22 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.99 94.10 Td (seadrill, ) Tj ET Q q 0 0 0 rg BT 296.58 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.35 94.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 355.31 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 376.08 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.29 94.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 416.50 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.82 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.03 94.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 475.46 94.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 522.38 94.10 Td (While ) Tj ET Q q 0 0 0 rg BT 549.80 94.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.26 82.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.30 82.10 Td (confident ) Tj ET Q q 0 0 0 rg BT 140.43 82.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.80 82.10 Td (its ) Tj ET Q q 0 0 0 rg BT 169.62 82.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 204.19 82.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 228.78 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.35 82.10 Td (enforceable, ) Tj ET Q q 0 0 0 rg BT 294.86 82.10 Td (it ) Tj ET Q q 0 0 0 rg BT 302.78 82.10 Td (may ) Tj ET Q q 0 0 0 rg BT 322.37 82.10 Td (be ) Tj ET Q q 0 0 0 rg BT 334.18 82.10 Td (willing ) Tj ET Q q 0 0 0 rg BT 364.89 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.03 82.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 405.72 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.87 82.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 463.80 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.95 82.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 505.21 82.10 Td (such ) Tj ET Q q 0 0 0 rg BT 525.91 82.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.61 70.10 Td (there ) Tj ET Q q 0 0 0 rg BT 81.09 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.26 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.20 70.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 146.90 70.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 191.04 70.10 Td (that ) Tj ET Q q 0 0 0 rg BT 208.54 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 217.71 70.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 259.62 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.90 70.10 Td (both ) Tj ET Q q 0 0 0 rg BT 290.18 70.10 Td (parties.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 84.71 742.25 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.61 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 90.34 730.25 Td (last ) Tj ET Q q 0 0 0 rg BT 106.62 730.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 145.11 730.25 Td (report ) Tj ET Q q 0 0 0 rg BT 171.39 730.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.56 730.25 Td (November) Tj ET Q q 0 0 0 rg BT 223.37 730.25 Td (, ) Tj ET Q q 0 0 0 rg BT 228.26 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.88 730.25 Td (Brent ) Tj ET Q q 0 0 0 rg BT 267.49 730.25 Td (spot ) Tj ET Q q 0 0 0 rg BT 286.56 730.25 Td (price ) Tj ET Q q 0 0 0 rg BT 308.94 730.25 Td (has ) Tj ET Q q 0 0 0 rg BT 324.67 730.25 Td (dropped ) Tj ET Q q 0 0 0 rg BT 359.83 730.25 Td (by ) Tj ET Q q 0 0 0 rg BT 372.23 730.25 Td (23%, ) Tj ET Q q 0 0 0 rg BT 395.45 730.25 Td (or ) Tj ET Q q 0 0 0 rg BT 406.18 730.25 Td (US$17.6 ) Tj ET Q q 0 0 0 rg BT 443.86 730.25 Td (per ) Tj ET Q q 0 0 0 rg BT 459.03 730.25 Td (barrel. ) Tj ET Q q 0 0 0 rg BT 487.24 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 489.46 730.25 Td (The ) Tj ET Q q 0 0 0 rg BT 507.40 730.25 Td (market ) Tj ET Q q 0 0 0 rg BT 537.56 730.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.64 718.25 Td (initially ) Tj ET Q q 0 0 0 rg BT 100.83 718.25 Td (challenged ) Tj ET Q q 0 0 0 rg BT 146.23 718.25 Td (by ) Tj ET Q q 0 0 0 rg BT 158.32 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.62 718.25 Td (pace ) Tj ET Q q 0 0 0 rg BT 193.02 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.44 718.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 232.19 718.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 270.95 718.25 Td (now ) Tj ET Q q 0 0 0 rg BT 290.25 718.25 Td (is ) Tj ET Q q 0 0 0 rg BT 299.01 718.25 Td (also ) Tj ET Q q 0 0 0 rg BT 317.21 718.25 Td (dealing ) Tj ET Q q 0 0 0 rg BT 348.73 718.25 Td (with ) Tj ET Q q 0 0 0 rg BT 368.59 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 375.11 718.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 419.41 718.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 459.26 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.13 718.25 Td (demand. ) Tj ET Q q 0 0 0 rg BT 505.37 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 507.31 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 512.72 718.25 Td (o ) Tj ET Q q 0 0 0 rg BT 519.80 718.25 Td (compound ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (these ) Tj ET Q q 0 0 0 rg BT 73.18 706.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 102.20 706.25 Td (during ) Tj ET Q q 0 0 0 rg BT 130.94 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.79 706.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 172.86 706.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 203.80 706.25 Td (OPEC ) Tj ET Q q 0 0 0 rg BT 232.00 706.25 Td (made ) Tj ET Q q 0 0 0 rg BT 256.28 706.25 Td (clear ) Tj ET Q q 0 0 0 rg BT 278.34 706.25 Td (its ) Tj ET Q q 0 0 0 rg BT 290.42 706.25 Td (intention ) Tj ET Q q 0 0 0 rg BT 328.60 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.01 706.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 363.30 706.25 Td (on ) Tj ET Q q 0 0 0 rg BT 375.93 706.25 Td (market ) Tj ET Q q 0 0 0 rg BT 406.32 706.25 Td (share ) Tj ET Q q 0 0 0 rg BT 430.05 706.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 456.00 706.25 Td (than ) Tj ET Q q 0 0 0 rg BT 475.85 706.25 Td (price. ) Tj ET Q q 0 0 0 rg BT 500.96 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 503.01 706.25 Td (A) Tj ET Q q 0 0 0 rg BT 509.68 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 512.31 706.25 Td (desire ) Tj ET Q q 0 0 0 rg BT 538.82 706.25 Td (by ) Tj ET Q q 0 0 0 rg BT 551.45 706.25 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.57 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 106.16 694.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 135.61 694.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 165.07 694.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 218.98 694.25 Td (amidst ) Tj ET Q q 0 0 0 rg BT 248.45 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.48 694.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 308.50 694.25 Td (price ) Tj ET Q q 0 0 0 rg BT 331.29 694.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 362.97 694.25 Td (has ) Tj ET Q q 0 0 0 rg BT 379.11 694.25 Td (severely ) Tj ET Q q 0 0 0 rg BT 415.24 694.25 Td (curtailed ) Tj ET Q q 0 0 0 rg BT 453.03 694.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 485.28 694.25 Td (budgets ) Tj ET Q q 0 0 0 rg BT 519.20 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 533.67 694.25 Td (at ) Tj ET Q q 0 0 0 rg BT 543.69 694.25 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 75.00 682.25 Td (Consequently ) Tj ET Q q 0 0 0 rg BT 132.50 682.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 177.21 682.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 219.70 682.25 Td (spare ) Tj ET Q q 0 0 0 rg BT 243.30 682.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 279.11 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 293.27 682.25 Td (of) Tj ET Q q 0 0 0 rg BT 301.42 682.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 328.91 682.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 360.85 682.25 Td (units ) Tj ET Q q 0 0 0 rg BT 382.80 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 391.97 682.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 417.24 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.52 682.25 Td (materialize ) Tj ET Q q 0 0 0 rg BT 474.43 682.25 Td (as ) Tj ET Q q 0 0 0 rg BT 485.26 682.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 507.76 682.25 Td (progresses.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Ultra-Deepwater Floater Market) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (The of) Tj ET Q q 0 0 0 rg BT 76.20 646.25 Td (fshore drilling market is entering its second year of a downturn, which is shaping up to be more challenging than the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (and worse than had previously been expected by the industry) Tj ET Q q 0 0 0 rg BT 293.45 634.25 Td (. ) Tj ET Q q 0 0 0 rg BT 300.40 634.25 Td (Approximately a quarter of ultra-deepwater floaters will become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (available in 2015, a third of which are newbuilds that are yet to be delivered. Based on this available capacity) Tj ET Q q 0 0 0 rg BT 489.75 622.25 Td (, significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (delays or cancellations of newbuild projects can be expected. New tendering activity remains subdued as oil companies set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (their budgets at materially lower levels than seen in recent years. Rig owners are bidding for available work extremely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (competitively with a focus on utilization over returns, which will likely drive rates down to or below cash breakeven levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (On the positive side, the severity of this downturn is forcing the contract drilling industry to make prudent decisions regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (cold stacking and scrapping of older units. ) Tj ET Q q 0 0 0 rg BT 222.00 550.25 Td (This activity is expected to accelerate, likely to levels which have not been seen in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (two decades. Owners of older) Tj ET Q q 0 0 0 rg BT 171.23 538.25 Td (, inef) Tj ET Q q 0 0 0 rg BT 191.59 538.25 Td (ficient units face dif) Tj ET Q q 0 0 0 rg BT 271.66 538.25 Td (ficult decisions as these units approach periodic classing activities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (most seem to be opting not to invest the significant expenditures required, instead choosing to stack or scrap the unit. From a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (long term perspective, we believe these decisions will ultimately create a more healthy industry as weaker players leave the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (business and old rigs are retired. seadrill remains in the position to benefit from this rebalancing with a modern fleet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (The rapid decline in the oil price has caused many oil companies to work harder to find cost savings. Some of the identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (cost saving opportunities are expected to come from the renegotiation or cancellation of existing rig contracts. ) Tj ET Q q 0 0 0 rg BT 495.23 466.25 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (believes in the quality of seadrill's contracts, customers and operations , although as discussed above it may be willing to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (engage in discussions to modify such contracts if mutually agreeable commercial terms are reached. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 418.25 Td (emium Jack-up Market) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Although shelf production is likely to remain robust as oil companies focus on their most economic fields, the low oil price and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (number of newbuilds entering the market continues to pose utilization and dayrate challenges to this segment. 2015 is expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (to become significantly more challenging with 60 units forecast to be entering service. Between now and 2017, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (130 units are scheduled for delivery) Tj ET Q q 0 0 0 rg BT 192.92 370.25 Td (, it is likely that a portion of these will be delayed or cancelled.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Over time the number of newbuilds entering the market will force the retirement of older less capable units and result in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (replacement cycle. Currently there are more than 200 units in the global fleet that are more than 30 years old. ) Tj ET Q q 0 0 0 rg BT 493.73 334.25 Td (Although there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (will be some instances where an operator may see some value in using a simpler design, broadly speaking most will see more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (value in hiring a premium unit to replace an older one. In light of seadrill) Tj ET Q q 0 0 0 rg BT 349.36 310.25 Td (s new fleet and global presence the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (believes it is in a position to manage through the upcoming challenges.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 86.39 274.25 Td (& ) Tj ET Q q 0 0 0 rg BT 97.22 274.25 Td (Outlook) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.07 250.25 Td (Update ) Tj ET Q q 0 0 0 rg BT 125.00 250.25 Td (& ) Tj ET Q q 0 0 0 rg BT 135.28 250.25 Td (Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.69 238.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 105.55 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.12 238.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 153.58 238.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 181.49 238.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 232.73 238.25 Td (accessed ) Tj ET Q q 0 0 0 rg BT 270.06 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.64 238.25 Td (US ) Tj ET Q q 0 0 0 rg BT 299.78 238.25 Td (equity) Tj ET Q q 0 0 0 rg BT 324.13 238.25 Td (, ) Tj ET Q q 0 0 0 rg BT 328.81 238.25 Td (T) Tj ET Q q 0 0 0 rg BT 334.22 238.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 352.13 238.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 375.03 238.25 Td (B, ) Tj ET Q q 0 0 0 rg BT 386.56 238.25 Td (US ) Tj ET Q q 0 0 0 rg BT 401.70 238.25 Td (Bond, ) Tj ET Q q 0 0 0 rg BT 428.23 238.25 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 464.48 238.25 Td (Bond, ) Tj ET Q q 0 0 0 rg BT 491.01 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.81 238.25 Td (MLP) Tj ET Q q 0 0 0 rg BT 528.00 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 530.36 238.25 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.86 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 96.50 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 102.80 226.25 Td (more ) Tj ET Q q 0 0 0 rg BT 125.21 226.25 Td (balanced ) Tj ET Q q 0 0 0 rg BT 162.60 226.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 191.12 226.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 227.97 226.25 Td (with ) Tj ET Q q 0 0 0 rg BT 247.61 226.25 Td (staggered ) Tj ET Q q 0 0 0 rg BT 287.79 226.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 306.87 226.25 Td (maturities. ) Tj ET Q q 0 0 0 rg BT 351.22 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.08 226.25 Td (Nearly ) Tj ET Q q 0 0 0 rg BT 382.15 226.25 Td (US$10 ) Tj ET Q q 0 0 0 rg BT 411.80 226.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 439.77 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.41 226.25 Td (new ) Tj ET Q q 0 0 0 rg BT 467.94 226.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 507.56 226.25 Td (commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (were ) Tj ET Q q 0 0 0 rg BT 71.93 214.25 Td (completed, ) Tj ET Q q 0 0 0 rg BT 118.58 214.25 Td (leaving ) Tj ET Q q 0 0 0 rg BT 150.51 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.23 214.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.62 214.25 Td (well ) Tj ET Q q 0 0 0 rg BT 226.33 214.25 Td (positioned ) Tj ET Q q 0 0 0 rg BT 270.50 214.25 Td (financially ) Tj ET Q q 0 0 0 rg BT 315.76 214.25 Td (heading ) Tj ET Q q 0 0 0 rg BT 349.91 214.25 Td (into ) Tj ET Q q 0 0 0 rg BT 367.97 214.25 Td (a ) Tj ET Q q 0 0 0 rg BT 374.91 214.25 Td (challenging ) Tj ET Q q 0 0 0 rg BT 424.06 214.25 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 90.37 190.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 112.95 190.25 Td (was ) Tj ET Q q 0 0 0 rg BT 131.09 190.25 Td (one ) Tj ET Q q 0 0 0 rg BT 148.12 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.03 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.84 190.25 Td (most ) Tj ET Q q 0 0 0 rg BT 195.87 190.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 239.56 190.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 279.91 190.25 Td (years ) Tj ET Q q 0 0 0 rg BT 303.59 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.96 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.76 190.25 Td (Company) Tj ET Q q 0 0 0 rg BT 370.43 190.25 Td (s ) Tj ET Q q 0 0 0 rg BT 376.91 190.25 Td (history) Tj ET Q q 0 0 0 rg BT 404.04 190.25 Td (, ) Tj ET Q q 0 0 0 rg BT 409.12 190.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 431.71 190.25 Td (is ) Tj ET Q q 0 0 0 rg BT 440.97 190.25 Td (not ) Tj ET Q q 0 0 0 rg BT 456.33 190.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 494.45 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.82 190.25 Td (of) Tj ET Q q 0 0 0 rg BT 512.96 190.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 526.65 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.45 190.25 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 107.60 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.93 178.25 Td (Many ) Tj ET Q q 0 0 0 rg BT 135.59 178.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 169.57 178.25 Td (have ) Tj ET Q q 0 0 0 rg BT 190.78 178.25 Td (become ) Tj ET Q q 0 0 0 rg BT 224.20 178.25 Td (unattractive ) Tj ET Q q 0 0 0 rg BT 273.72 178.25 Td (as ) Tj ET Q q 0 0 0 rg BT 284.38 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.93 178.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 311.81 178.25 Td (market ) Tj ET Q q 0 0 0 rg BT 341.90 178.25 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 398.10 178.25 Td (deteriorated ) Tj ET Q q 0 0 0 rg BT 448.18 178.25 Td (during ) Tj ET Q q 0 0 0 rg BT 476.62 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.16 178.25 Td (second ) Tj ET Q q 0 0 0 rg BT 521.26 178.25 Td (half ) Tj ET Q q 0 0 0 rg BT 539.13 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 178.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (year) Tj ET Q q 0 0 0 rg BT 66.66 166.25 Td (. ) Tj ET Q q 0 0 0 rg BT 72.44 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 75.73 166.25 Td (For ) Tj ET Q q 0 0 0 rg BT 92.91 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.42 166.25 Td (most ) Tj ET Q q 0 0 0 rg BT 131.15 166.25 Td (part, ) Tj ET Q q 0 0 0 rg BT 152.49 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.00 166.25 Td (only ) Tj ET Q q 0 0 0 rg BT 189.06 166.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 224.01 166.25 Td (of) Tj ET Q q 0 0 0 rg BT 232.16 166.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 259.32 166.25 Td (an ) Tj ET Q q 0 0 0 rg BT 272.05 166.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 312.53 166.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 331.93 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.55 166.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 377.95 166.25 Td (are ) Tj ET Q q 0 0 0 rg BT 393.44 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.95 166.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 442.77 166.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 465.50 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.23 166.25 Td (ECA) Tj ET Q q 0 0 0 rg BT 502.68 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.96 166.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 543.41 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.46 166.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.64 154.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 132.91 154.25 Td (group ) Tj ET Q q 0 0 0 rg BT 159.30 154.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 194.01 154.25 Td (very ) Tj ET Q q 0 0 0 rg BT 214.84 154.25 Td (supportive ) Tj ET Q q 0 0 0 rg BT 260.12 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.50 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.78 154.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 320.94 154.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 349.55 154.25 Td (given ) Tj ET Q q 0 0 0 rg BT 374.83 154.25 Td (its ) Tj ET Q q 0 0 0 rg BT 387.33 154.25 Td (modern ) Tj ET Q q 0 0 0 rg BT 420.94 154.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 441.76 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.26 154.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 487.31 154.25 Td (track ) Tj ET Q q 0 0 0 rg BT 510.36 154.25 Td (record ) Tj ET Q q 0 0 0 rg BT 538.95 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 154.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.66 142.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 112.71 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 115.61 142.25 Td (In ) Tj ET Q q 0 0 0 rg BT 126.83 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.94 142.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 169.28 142.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 200.49 142.25 Td (alone ) Tj ET Q q 0 0 0 rg BT 225.04 142.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 259.04 142.25 Td (was ) Tj ET Q q 0 0 0 rg BT 277.49 142.25 Td (able ) Tj ET Q q 0 0 0 rg BT 297.04 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.71 142.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 329.48 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.82 142.25 Td (total ) Tj ET Q q 0 0 0 rg BT 357.49 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.71 142.25 Td (US$1.7 ) Tj ET Q q 0 0 0 rg BT 401.89 142.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 430.90 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.57 142.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 475.00 142.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 497.34 142.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 531.34 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.68 142.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 88.03 130.25 Td (headroom ) Tj ET Q q 0 0 0 rg BT 130.52 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 144.68 130.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 177.71 130.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 211.32 130.25 Td (going ) Tj ET Q q 0 0 0 rg BT 236.60 130.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 270.75 130.25 Td (should ) Tj ET Q q 0 0 0 rg BT 299.92 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.64 130.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 343.79 130.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 377.94 130.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 408.21 130.25 Td (unattractive.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 106.25 Td (, ) Tj ET Q q 0 0 0 rg BT 104.92 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.22 106.25 Td (December) Tj ET Q q 0 0 0 rg BT 155.90 106.25 Td (, ) Tj ET Q q 0 0 0 rg BT 160.92 106.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 194.55 106.25 Td (exercised ) Tj ET Q q 0 0 0 rg BT 234.82 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 241.78 106.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 279.83 106.25 Td (option ) Tj ET Q q 0 0 0 rg BT 307.91 106.25 Td (for ) Tj ET Q q 0 0 0 rg BT 322.09 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.64 106.25 Td (W) Tj ET Q q 0 0 0 rg BT 345.28 106.25 Td (est ) Tj ET Q q 0 0 0 rg BT 358.91 106.25 Td (Polaris, ) Tj ET Q q 0 0 0 rg BT 391.71 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.67 106.25 Td (6th ) Tj ET Q q 0 0 0 rg BT 413.96 106.25 Td (generation ) Tj ET Q q 0 0 0 rg BT 458.69 106.25 Td (Ultra-deepwater ) Tj ET Q q 0 0 0 rg BT 526.17 106.25 Td (drillship, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.77 94.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 94.45 94.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 129.44 94.25 Td (International ) Tj ET Q q 0 0 0 rg BT 183.86 94.25 Td (Limited.) Tj ET Q q 0 0 0 rg BT 220.34 94.25 Td (The ) Tj ET Q q 0 0 0 rg BT 238.98 94.25 Td (W) Tj ET Q q 0 0 0 rg BT 247.62 94.25 Td (est ) Tj ET Q q 0 0 0 rg BT 262.06 94.25 Td (Polaris ) Tj ET Q q 0 0 0 rg BT 293.17 94.25 Td (was ) Tj ET Q q 0 0 0 rg BT 312.06 94.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 349.81 94.25 Td (by ) Tj ET Q q 0 0 0 rg BT 363.15 94.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 384.82 94.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 419.81 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 430.92 94.25 Td (2008 ) Tj ET Q q 0 0 0 rg BT 454.26 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.03 94.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 527.58 94.25 Td (bareboat ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (chartered ) Tj ET Q q 0 0 0 rg BT 91.04 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.67 82.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 137.62 82.25 Td (with ) Tj ET Q q 0 0 0 rg BT 159.25 82.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 198.64 82.25 Td (options ) Tj ET Q q 0 0 0 rg BT 231.94 82.25 Td (commencing ) Tj ET Q q 0 0 0 rg BT 287.44 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.06 82.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 325.14 82.25 Td (The ) Tj ET Q q 0 0 0 rg BT 344.53 82.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 383.92 82.25 Td (option ) Tj ET Q q 0 0 0 rg BT 413.32 82.25 Td (price ) Tj ET Q q 0 0 0 rg BT 437.16 82.25 Td (was ) Tj ET Q q 0 0 0 rg BT 456.56 82.25 Td (US$456 ) Tj ET Q q 0 0 0 rg BT 493.19 82.25 Td (million ) Tj ET Q q 0 0 0 rg BT 525.94 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.22 82.25 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 107.07 70.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 141.35 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.32 70.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 173.86 70.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 208.71 70.25 Td (was ) Tj ET Q q 0 0 0 rg BT 227.45 70.25 Td (US$1) Tj ET Q q 0 0 0 rg BT 249.86 70.25 Td (1) Tj ET Q q 0 0 0 rg BT 254.49 70.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 262.69 70.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 297.27 70.25 Td () Tj ET Q q 0 0 0 rg BT 299.59 70.25 Td (The ) Tj ET Q q 0 0 0 rg BT 318.33 70.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 360.41 70.25 Td (sees ) Tj ET Q q 0 0 0 rg BT 380.26 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.67 70.25 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 445.53 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.50 70.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 496.89 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.30 70.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 531.05 70.25 Td (at ) Tj ET Q q 0 0 0 rg BT 541.46 70.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 89.70 58.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 114.41 58.25 Td (than ) Tj ET Q q 0 0 0 rg BT 134.13 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.85 58.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 185.79 58.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 226.05 58.25 Td (arrangement.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 742.10 Td (oday ) Tj ET Q q 0 0 0 rg BT 77.37 742.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 111.00 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 126.86 742.10 Td (US$1.3 ) Tj ET Q q 0 0 0 rg BT 159.66 742.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 188.30 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.60 742.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 218.34 742.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 256.97 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.28 742.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 289.80 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.76 742.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 329.29 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.25 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 353.21 742.10 Td (total ) Tj ET Q q 0 0 0 rg BT 373.51 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.37 742.10 Td (US$2.4 ) Tj ET Q q 0 0 0 rg BT 417.17 742.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 445.81 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.11 742.10 Td (amortizations. ) Tj ET Q q 0 0 0 rg BT 515.57 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.09 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 528.95 742.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 553.69 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 71.25 730.10 Td (instalments, ) Tj ET Q q 0 0 0 rg BT 122.78 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.47 730.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.84 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 199.87 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 212.79 730.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 246.82 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.08 730.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 279.89 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.80 730.10 Td (total ) Tj ET Q q 0 0 0 rg BT 309.05 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.86 730.10 Td (US$3.5 ) Tj ET Q q 0 0 0 rg BT 354.62 730.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 384.21 730.10 Td (over ) Tj ET Q q 0 0 0 rg BT 405.46 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.16 730.10 Td (next ) Tj ET Q q 0 0 0 rg BT 441.85 730.10 Td (two ) Tj ET Q q 0 0 0 rg BT 460.33 730.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 487.41 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.63 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 509.66 730.10 Td (total ) Tj ET Q q 0 0 0 rg BT 530.91 730.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 101.65 718.10 Td (through ) Tj ET Q q 0 0 0 rg BT 136.10 718.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 159.44 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.45 718.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 208.88 718.10 Td (US$4.8 ) Tj ET Q q 0 0 0 rg BT 242.50 718.10 Td (billion, ) Tj ET Q q 0 0 0 rg BT 274.46 718.10 Td (while ) Tj ET Q q 0 0 0 rg BT 300.02 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.14 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.69 718.10 Td (same ) Tj ET Q q 0 0 0 rg BT 350.58 718.10 Td (period ) Tj ET Q q 0 0 0 rg BT 379.47 718.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 400.03 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 410.04 718.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 445.03 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 458.37 718.10 Td (US$2.4 ) Tj ET Q q 0 0 0 rg BT 491.99 718.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 521.45 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 534.79 718.10 Td (paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 103.04 706.10 Td (instalments. ) Tj ET Q q 0 0 0 rg BT 153.59 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.91 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 164.55 706.10 Td (e ) Tj ET Q q 0 0 0 rg BT 171.48 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.19 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.47 706.10 Td (dialog ) Tj ET Q q 0 0 0 rg BT 223.96 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 244.24 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.07 706.10 Td (main ) Tj ET Q q 0 0 0 rg BT 282.57 706.10 Td (shipyards ) Tj ET Q q 0 0 0 rg BT 323.40 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.68 706.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 360.06 706.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 395.33 706.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 418.37 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.65 706.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 450.59 706.10 Td (contracting ) Tj ET Q q 0 0 0 rg BT 498.07 706.10 Td (demands.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.20 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.29 682.10 Td (first ) Tj ET Q q 0 0 0 rg BT 115.28 682.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 146.46 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.67 682.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 180.54 682.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 214.52 682.10 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 271.26 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 283.59 682.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 337.01 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.66 682.10 Td (North ) Tj ET Q q 0 0 0 rg BT 373.23 682.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 408.31 682.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 442.85 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 455.73 682.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 507.48 682.10 Td (amending ) Tj ET Q q 0 0 0 rg BT 549.78 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 87.67 670.10 Td (packages ) Tj ET Q q 0 0 0 rg BT 125.90 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.48 670.10 Td (North ) Tj ET Q q 0 0 0 rg BT 162.04 670.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 195.84 670.10 Td (Drilling) Tj ET Q q 0 0 0 rg BT 230.28 670.10 Td (s ) Tj ET Q q 0 0 0 rg BT 235.75 670.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 281.76 670.10 Td (Bond, ) Tj ET Q q 0 0 0 rg BT 307.51 670.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 339.63 670.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 363.98 670.10 Td (facility) Tj ET Q q 0 0 0 rg BT 391.65 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.73 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.63 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 420.27 670.10 Td (est ) Tj ET Q q 0 0 0 rg BT 432.96 670.10 Td (Linus ) Tj ET Q q 0 0 0 rg BT 457.32 670.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 474.45 670.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 514.89 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.25 670.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.75 658.10 Td (some ) Tj ET Q q 0 0 0 rg BT 86.94 658.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 139.57 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.44 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.74 658.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 201.92 658.10 Td (packages. ) Tj ET Q q 0 0 0 rg BT 243.16 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.09 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 262.73 658.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.70 658.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 338.55 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 355.64 658.10 Td (this ) Tj ET Q q 0 0 0 rg BT 372.17 658.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 413.12 658.10 Td (will ) Tj ET Q q 0 0 0 rg BT 430.76 658.10 Td (have ) Tj ET Q q 0 0 0 rg BT 451.73 658.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 485.48 658.10 Td (implications ) Tj ET Q q 0 0 0 rg BT 537.01 658.10 Td (across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 646.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 93.87 646.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 131.35 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.29 646.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 178.55 646.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 197.16 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.99 646.10 Td (funding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.28 622.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 93.78 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.29 622.10 Td (support ) Tj ET Q q 0 0 0 rg BT 137.02 622.10 Td (group ) Tj ET Q q 0 0 0 rg BT 163.08 622.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 208.58 622.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 239.63 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.14 622.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 283.98 622.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 319.48 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 330.54 622.10 Td (well, ) Tj ET Q q 0 0 0 rg BT 352.99 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.05 622.10 Td (demonstrated ) Tj ET Q q 0 0 0 rg BT 420.65 622.10 Td (by ) Tj ET Q q 0 0 0 rg BT 433.38 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.33 622.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 489.39 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.45 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.39 622.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 552.01 622.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 73.29 610.10 Td (est ) Tj ET Q q 0 0 0 rg BT 86.83 610.10 Td (V) Tj ET Q q 0 0 0 rg BT 92.94 610.10 Td (encedor ) Tj ET Q q 0 0 0 rg BT 127.21 610.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 147.05 610.10 Td (until ) Tj ET Q q 0 0 0 rg BT 168.01 610.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 193.13 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.76 610.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 229.49 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 247.67 610.10 Td (also ) Tj ET Q q 0 0 0 rg BT 266.40 610.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 303.45 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.86 610.10 Td (explore ) Tj ET Q q 0 0 0 rg BT 346.47 610.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 389.08 610.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 444.48 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.76 610.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 480.82 610.10 Td (drop ) Tj ET Q q 0 0 0 rg BT 501.78 610.10 Td (downs ) Tj ET Q q 0 0 0 rg BT 530.51 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.91 610.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 598.10 Td (diversify ) Tj ET Q q 0 0 0 rg BT 98.33 598.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 131.93 598.10 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 169.00 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 189.27 598.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 210.10 598.10 Td (profile.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (The Board is pleased with seadrill's position entering 2015 and expects the Company to continue to perform through this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (downturn. ) Tj ET Q q 0 0 0 rg BT 95.65 538.10 Td (The Company believes that seadrill has the flexibility) Tj ET Q q 0 0 0 rg BT 310.78 538.10 Td (, financially) Tj ET Q q 0 0 0 rg BT 357.89 538.10 Td (, strategically) Tj ET Q q 0 0 0 rg BT 411.11 538.10 Td (, and operationally) Tj ET Q q 0 0 0 rg BT 485.16 538.10 Td (, to allow it to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (opportunistic when the time is right. seadrill will continue to show support for its group companies, North ) Tj ET Q q 0 0 0 rg BT 479.95 526.10 Td (Atlantic Drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (and seadrill Partners, in order to improve the overall standing of the seadrill Group operationally as well as in the capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (markets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (2015 will be another challenging year for the industry and seadrill will continue to take the necessary actions. Last year the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (Company was able to raise nearly US$10 billion in capital in order to satisfy capital expenditure requirements and manage the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (debt maturity profile. ) Tj ET Q q 0 0 0 rg BT 140.07 456.10 Td (T) Tj ET Q q 0 0 0 rg BT 145.48 456.10 Td (oday we have a more staggered maturity profile and very few maturities over the next two years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 444.10 Td (, the Company has very few rigs exposed to the market in 2015. Finally) Tj ET Q q 0 0 0 rg BT 388.09 444.10 Td (, seadrill has been early in beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (negotiations with shipyards to manage its delivery schedule and in general implement ef) Tj ET Q q 0 0 0 rg BT 403.06 432.10 Td (forts to reduce the operational cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (base.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 398.10 Td (e recognize that the current downturn will ultimately result in a more healthy industry in the long run. ) Tj ET Q q 0 0 0 rg BT 470.01 398.10 Td (W) Tj ET Q q 0 0 0 rg BT 478.65 398.10 Td (e believe we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (built seadrill) Tj ET Q q 0 0 0 rg BT 104.72 386.10 Td (s business to try to generate returns through the cycle and have the capability to face today's challenges. ) Tj ET Q q 0 0 0 rg BT 524.53 386.10 Td (W) Tj ET Q q 0 0 0 rg BT 533.17 386.10 Td (e are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (optimistic that the Company is well positioned to take advantage of this cycle and to come out stronger in the eventual recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (than when entering the downturn.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 340.10 Td (e believe that seadrill) Tj ET Q q 0 0 0 rg BT 148.33 340.10 Td (s favorable positioning should allow the Company to act as a consolidator when the time is right. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 87.68 328.10 Td (, the Board and Management team feel that valuations do not yet justify acquiring companies, many of which have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (significant uncontracted rig capacity available. seadrill) Tj ET Q q 0 0 0 rg BT 275.74 316.10 Td (s primary focus will therefore continue to be on cash and commitment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (management until the Company has a view on the shape of the recovery) Tj ET Q q 0 0 0 rg BT 337.59 304.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td (First quarter EBITDA) Tj ET Q q 0 0 0 rg BT 137.76 282.10 Td ( for the seadrill Group on a combined basis is expected to be approximately US$40 million less than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (fourth quarter) Tj ET Q q 0 0 0 rg BT 104.70 270.10 Td (. Expectations for the first quarter include approximately 130 days of downtime, of) Tj ET Q q 0 0 0 rg BT 439.15 270.10 Td (fset by a full quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (operation for the ) Tj ET Q q 0 0 0 rg BT 118.96 258.10 Td (W) Tj ET Q q 0 0 0 rg BT 127.60 258.10 Td (est Saturn, ) Tj ET Q q 0 0 0 rg BT 172.13 258.10 Td (W) Tj ET Q q 0 0 0 rg BT 180.77 258.10 Td (est Jupiter) Tj ET Q q 0 0 0 rg BT 221.20 258.10 Td (, and ) Tj ET Q q 0 0 0 rg BT 242.95 258.10 Td (W) Tj ET Q q 0 0 0 rg BT 251.59 258.10 Td (est Neptune.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 129.17 742.25 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (This ) Tj ET Q q 0 0 0 rg BT 70.80 718.25 Td (news ) Tj ET Q q 0 0 0 rg BT 94.37 718.25 Td (release ) Tj ET Q q 0 0 0 rg BT 125.14 718.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 161.48 718.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 196.15 718.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 229.72 718.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 277.45 718.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 300.47 718.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 345.70 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 360.92 718.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 401.14 718.25 Td (not ) Tj ET Q q 0 0 0 rg BT 416.94 718.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 457.17 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.96 718.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 498.47 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.92 718.25 Td (specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (include ) Tj ET Q q 0 0 0 rg BT 81.89 706.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 126.57 706.25 Td (about ) Tj ET Q q 0 0 0 rg BT 151.24 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.92 706.25 Td (Company) Tj ET Q q 0 0 0 rg BT 207.58 706.25 Td (s ) Tj ET Q q 0 0 0 rg BT 213.94 706.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 240.00 706.25 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 282.73 706.25 Td (business ) Tj ET Q q 0 0 0 rg BT 319.08 706.25 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 361.81 706.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 396.47 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.37 706.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 440.27 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 450.51 706.25 Td (its ) Tj ET Q q 0 0 0 rg BT 462.42 706.25 Td (business ) Tj ET Q q 0 0 0 rg BT 498.77 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.67 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.34 706.25 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.32 694.25 Td (which ) Tj ET Q q 0 0 0 rg BT 87.30 694.25 Td (it ) Tj ET Q q 0 0 0 rg BT 95.40 694.25 Td (operates. ) Tj ET Q q 0 0 0 rg BT 133.75 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.11 694.25 Td (These ) Tj ET Q q 0 0 0 rg BT 162.53 694.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 207.28 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 222.03 694.25 Td (made ) Tj ET Q q 0 0 0 rg BT 246.22 694.25 Td (based ) Tj ET Q q 0 0 0 rg BT 271.53 694.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 294.07 694.25 Td (management) Tj ET Q q 0 0 0 rg BT 347.94 694.25 Td (s ) Tj ET Q q 0 0 0 rg BT 354.37 694.25 Td (current ) Tj ET Q q 0 0 0 rg BT 385.23 694.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 411.38 694.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 466.40 694.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 518.38 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.36 694.25 Td (beliefs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 97.67 682.25 Td (future ) Tj ET Q q 0 0 0 rg BT 124.79 682.25 Td (events ) Tj ET Q q 0 0 0 rg BT 153.57 682.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 196.81 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.27 682.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.39 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.08 682.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 311.40 682.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 344.64 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 352.32 682.25 Td (number ) Tj ET Q q 0 0 0 rg BT 386.11 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.68 682.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 422.31 682.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 476.65 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.33 682.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 547.02 682.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.21 670.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 100.42 670.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 127.29 670.25 Td (results ) Tj ET Q q 0 0 0 rg BT 156.39 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.17 670.25 Td (dif) Tj ET Q q 0 0 0 rg BT 178.10 670.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 192.19 670.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 235.73 670.25 Td (from ) Tj ET Q q 0 0 0 rg BT 258.16 670.25 Td (those ) Tj ET Q q 0 0 0 rg BT 282.27 670.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 324.69 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 336.02 670.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 369.57 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.34 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.56 670.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 464.09 670.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 511.80 670.25 Td (which ) Tj ET Q q 0 0 0 rg BT 539.24 670.25 Td (speak ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (only ) Tj ET Q q 0 0 0 rg BT 70.88 658.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.31 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.74 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.05 658.25 Td (date ) Tj ET Q q 0 0 0 rg BT 128.81 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.24 658.25 Td (this ) Tj ET Q q 0 0 0 rg BT 157.79 658.25 Td (news ) Tj ET Q q 0 0 0 rg BT 181.44 658.25 Td (release. ) Tj ET Q q 0 0 0 rg BT 214.79 658.25 Td (Important ) Tj ET Q q 0 0 0 rg BT 257.32 658.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 287.63 658.25 Td (that ) Tj ET Q q 0 0 0 rg BT 305.73 658.25 Td (could ) Tj ET Q q 0 0 0 rg BT 331.04 658.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 356.35 658.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 383.32 658.25 Td (results ) Tj ET Q q 0 0 0 rg BT 412.53 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.41 658.25 Td (dif) Tj ET Q q 0 0 0 rg BT 434.33 658.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 448.53 658.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 492.17 658.25 Td (from ) Tj ET Q q 0 0 0 rg BT 514.71 658.25 Td (those ) Tj ET Q q 0 0 0 rg BT 538.92 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 658.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 117.97 646.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 162.62 646.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 196.99 646.25 Td (but ) Tj ET Q q 0 0 0 rg BT 212.20 646.25 Td (are ) Tj ET Q q 0 0 0 rg BT 226.85 646.25 Td (not ) Tj ET Q q 0 0 0 rg BT 242.06 646.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 272.83 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.04 646.25 Td (of) Tj ET Q q 0 0 0 rg BT 291.19 646.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 318.61 646.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 350.49 646.25 Td (market ) Tj ET Q q 0 0 0 rg BT 380.69 646.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 424.79 646.25 Td (including ) Tj ET Q q 0 0 0 rg BT 465.00 646.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 494.11 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.98 646.25 Td (demand, ) Tj ET Q q 0 0 0 rg BT 547.57 646.25 Td (day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.82 634.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 112.92 634.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 144.81 634.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 185.03 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.91 634.25 Td (ef) Tj ET Q q 0 0 0 rg BT 209.50 634.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 230.82 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.59 634.25 Td (new ) Tj ET Q q 0 0 0 rg BT 260.70 634.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 278.15 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.59 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.25 634.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 337.96 634.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 372.61 634.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 403.38 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.26 634.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 433.81 634.25 Td (mobilizations, ) Tj ET Q q 0 0 0 rg BT 493.20 634.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 527.84 634.25 Td (backlog, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (dry-docking ) Tj ET Q q 0 0 0 rg BT 101.35 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.25 622.25 Td (other ) Tj ET Q q 0 0 0 rg BT 141.27 622.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 163.74 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.54 622.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 227.54 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.34 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.02 622.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 284.94 622.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 302.41 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.66 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.34 622.25 Td (Company) Tj ET Q q 0 0 0 rg BT 369.01 622.25 Td (s ) Tj ET Q q 0 0 0 rg BT 375.37 622.25 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 398.10 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.79 622.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 431.37 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.27 622.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 476.86 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.66 622.25 Td (shipyard ) Tj ET Q q 0 0 0 rg BT 524.57 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.47 622.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.58 610.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 116.66 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.58 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.73 610.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 188.18 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.43 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.58 610.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 246.95 610.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 264.87 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.58 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.72 610.25 Td (Company) Tj ET Q q 0 0 0 rg BT 332.38 610.25 Td (s ) Tj ET Q q 0 0 0 rg BT 339.20 610.25 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 362.39 610.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 386.97 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 397.68 610.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 435.04 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 446.29 610.25 Td (disputes ) Tj ET Q q 0 0 0 rg BT 482.00 610.25 Td (with ) Tj ET Q q 0 0 0 rg BT 502.70 610.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 548.68 610.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.08 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 86.39 598.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 136.80 598.25 Td (employ ) Tj ET Q q 0 0 0 rg BT 168.32 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 183.18 598.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 214.15 598.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 237.63 598.25 Td (procure ) Tj ET Q q 0 0 0 rg BT 269.70 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.56 598.25 Td (have ) Tj ET Q q 0 0 0 rg BT 299.97 598.25 Td (access ) Tj ET Q q 0 0 0 rg BT 327.03 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.34 598.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 378.13 598.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 405.22 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.52 598.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 446.05 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 465.36 598.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 484.10 598.25 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 528.12 598.25 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.66 586.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 106.63 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.18 586.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 137.17 586.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 157.72 586.25 Td (from ) Tj ET Q q 0 0 0 rg BT 179.38 586.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 225.75 586.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 275.18 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.18 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.61 586.25 Td (international ) Tj ET Q q 0 0 0 rg BT 352.37 586.25 Td (price ) Tj ET Q q 0 0 0 rg BT 374.58 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.12 586.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 400.40 586.25 Td (international ) Tj ET Q q 0 0 0 rg BT 453.16 586.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 490.36 586.25 Td (market ) Tj ET Q q 0 0 0 rg BT 520.34 586.25 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.68 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.93 574.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 152.39 574.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 199.30 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 216.77 574.25 Td (af) Tj ET Q q 0 0 0 rg BT 224.36 574.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 241.82 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.51 574.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 297.87 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 308.67 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.36 574.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 367.49 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.30 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.99 574.25 Td (Company) Tj ET Q q 0 0 0 rg BT 434.66 574.25 Td (s ) Tj ET Q q 0 0 0 rg BT 441.02 574.25 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 463.76 574.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 503.99 574.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 554.23 574.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.06 562.25 Td (of) Tj ET Q q 0 0 0 rg BT 72.20 562.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 99.03 562.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 130.31 562.25 Td (industry) Tj ET Q q 0 0 0 rg BT 162.44 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 166.78 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.06 562.25 Td (general ) Tj ET Q q 0 0 0 rg BT 214.32 562.25 Td (economic, ) Tj ET Q q 0 0 0 rg BT 257.53 562.25 Td (political ) Tj ET Q q 0 0 0 rg BT 292.14 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.42 562.25 Td (business ) Tj ET Q q 0 0 0 rg BT 344.15 562.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 387.65 562.25 Td (globally) Tj ET Q q 0 0 0 rg BT 419.77 562.25 Td (. ) Tj ET Q q 0 0 0 rg BT 424.11 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.95 562.25 Td (Consequently) Tj ET Q q 0 0 0 rg BT 480.30 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 484.63 562.25 Td (no ) Tj ET Q q 0 0 0 rg BT 496.47 562.25 Td (forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.94 550.25 Td (can ) Tj ET Q q 0 0 0 rg BT 107.44 550.25 Td (be ) Tj ET Q q 0 0 0 rg BT 119.50 550.25 Td (guaranteed. ) Tj ET Q q 0 0 0 rg BT 168.48 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.91 550.25 Td (When ) Tj ET Q q 0 0 0 rg BT 197.41 550.25 Td (considering ) Tj ET Q q 0 0 0 rg BT 246.69 550.25 Td (these ) Tj ET Q q 0 0 0 rg BT 269.86 550.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 338.01 550.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 385.35 550.25 Td (you ) Tj ET Q q 0 0 0 rg BT 402.97 550.25 Td (should ) Tj ET Q q 0 0 0 rg BT 432.26 550.25 Td (keep ) Tj ET Q q 0 0 0 rg BT 453.76 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.16 550.25 Td (mind ) Tj ET Q q 0 0 0 rg BT 487.33 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.17 550.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 523.69 550.25 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 538.25 Td (time ) Tj ET Q q 0 0 0 rg BT 92.21 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.49 538.25 Td (time ) Tj ET Q q 0 0 0 rg BT 122.76 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.04 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.76 538.25 Td (Company) Tj ET Q q 0 0 0 rg BT 189.42 538.25 Td (s ) Tj ET Q q 0 0 0 rg BT 195.82 538.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 223.87 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 244.15 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.87 538.25 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 282.21 538.25 Td (including ) Tj ET Q q 0 0 0 rg BT 322.48 538.25 Td (its ) Tj ET Q q 0 0 0 rg BT 333.88 538.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 365.82 538.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 395.53 538.25 Td (on ) Tj ET Q q 0 0 0 rg BT 408.03 538.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 432.20 538.25 Td (20-F) Tj ET Q q 0 0 0 rg BT 450.29 538.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.74 514.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.81 514.25 Td (undertakes ) Tj ET Q q 0 0 0 rg BT 154.32 514.25 Td (no ) Tj ET Q q 0 0 0 rg BT 166.50 514.25 Td (obligation 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BT 183.59 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 194.28 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.42 502.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 232.32 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.89 502.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 293.11 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.80 502.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 360.03 502.25 Td (events. ) Tj ET Q q 0 0 0 rg BT 390.44 502.25 Td (New ) Tj ET Q q 0 0 0 rg BT 411.68 502.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 441.25 502.25 Td (emer) Tj ET Q q 0 0 0 rg BT 461.06 502.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 472.86 502.25 Td (from ) Tj ET Q q 0 0 0 rg BT 494.66 502.25 Td (time ) Tj ET Q q 0 0 0 rg BT 514.80 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 524.94 502.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 547.57 502.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (it ) Tj ET Q q 0 0 0 rg BT 58.25 490.25 Td (is ) Tj ET Q q 0 0 0 rg BT 67.62 490.25 Td (not ) Tj ET Q q 0 0 0 rg BT 83.10 490.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 118.57 490.25 Td (for ) Tj ET Q q 0 0 0 rg BT 132.93 490.25 Td (us ) Tj ET Q q 0 0 0 rg BT 144.52 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.00 490.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 185.46 490.25 Td (all ) Tj ET Q q 0 0 0 rg BT 198.15 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.18 490.25 Td (these ) Tj ET Q q 0 0 0 rg BT 232.42 490.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 264.83 490.25 Td (Further) Tj ET Q q 0 0 0 rg BT 293.87 490.25 Td (, ) Tj ET Q q 0 0 0 rg BT 299.06 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.98 490.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.56 490.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 384.92 490.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 412.06 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.97 490.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 456.88 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.91 490.25 Td (each ) Tj ET Q q 0 0 0 rg BT 488.92 490.25 Td (such ) Tj ET Q q 0 0 0 rg BT 509.95 490.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 539.86 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 552.55 490.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (business ) Tj ET Q q 0 0 0 rg BT 85.93 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 96.29 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.55 478.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 137.02 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.83 478.25 Td (which ) Tj ET Q q 0 0 0 rg BT 173.31 478.25 Td (any ) Tj ET Q q 0 0 0 rg BT 189.78 478.25 Td (factor) Tj ET Q q 0 0 0 rg BT 212.70 478.25 Td (, ) Tj ET Q q 0 0 0 rg BT 217.23 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 227.60 478.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 279.62 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.99 478.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 321.73 478.25 Td (may ) Tj ET Q q 0 0 0 rg BT 340.99 478.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 365.23 478.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 391.14 478.25 Td (results ) Tj ET Q q 0 0 0 rg BT 419.28 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.10 478.25 Td (be ) Tj ET Q q 0 0 0 rg BT 440.57 478.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 483.14 478.25 Td (dif) Tj ET Q q 0 0 0 rg BT 494.07 478.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 519.42 478.25 Td (from ) Tj ET Q q 0 0 0 rg BT 540.90 478.25 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 91.37 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.65 466.25 Td (any ) Tj ET Q q 0 0 0 rg BT 118.59 466.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 152.74 466.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 185.80 466.25 Td (statement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (February26, ) Tj ET Q q 0 0 0 rg BT 103.60 418.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.60 418.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 406.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 94.99 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.82 406.25 Td (Directors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.60 394.25 Td (Limited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Hamilton, ) Tj ET Q q 0 0 0 rg BT 92.77 382.25 Td (Bermuda) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Questions ) Tj ET Q q 0 0 0 rg BT 92.50 358.25 Td (should ) Tj ET Q q 0 0 0 rg BT 121.67 358.25 Td (be ) Tj ET Q q 0 0 0 rg BT 133.61 358.25 Td (directed ) Tj ET Q q 0 0 0 rg BT 168.31 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.59 358.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 212.19 358.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 266.89 358.25 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 283.28 358.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 331.87 358.25 Td (by:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Per ) Tj ET Q q 0 0 0 rg BT 65.65 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 74.69 334.25 Td (ullf: ) Tj ET Q q 0 0 0 rg BT 171.50 334.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 196.22 334.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 238.70 334.25 Td (Of) Tj ET Q q 0 0 0 rg BT 249.07 334.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 269.88 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.82 334.25 Td (President) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Rune ) Tj ET Q q 0 0 0 rg BT 73.61 322.25 Td (Magnus ) Tj ET Q q 0 0 0 rg BT 108.33 322.25 Td (Lundetr: ) Tj ET Q q 0 0 0 rg BT 151.93 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 171.50 322.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 196.22 322.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 235.93 322.25 Td (Of) Tj ET Q q 0 0 0 rg BT 246.30 322.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 267.12 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.05 322.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 312.48 322.25 Td (V) Tj ET Q q 0 0 0 rg BT 319.10 322.25 Td (ice ) Tj ET Q q 0 0 0 rg BT 333.26 322.25 Td (President) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Media contact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Rune Magnus Lundetr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 124.80 238.25 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (seadrill Management Ltd. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (+44 \(0\) 7766 071010) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 94.18 742.25 Td (I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Associated ) Tj ET Q q 0 0 0 rg BT 98.05 718.25 Td (companies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.17 694.25 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.09 682.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 123.17 682.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 147.27 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 154.69 682.25 Td (total ) Tj ET Q q 0 0 0 rg BT 175.45 682.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.77 682.25 Td (42,819,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.77 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.75 682.25 Td (units ) Tj ET Q q 0 0 0 rg BT 257.19 682.25 Td (which ) Tj ET Q q 0 0 0 rg BT 284.61 682.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 319.27 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.58 682.25 Td (both ) Tj ET Q q 0 0 0 rg BT 351.35 682.25 Td (common ) Tj ET Q q 0 0 0 rg BT 389.33 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.75 682.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 461.39 682.25 Td (units ) Tj ET Q q 0 0 0 rg BT 483.83 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.14 682.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 529.23 682.25 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.86 670.25 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.81 670.25 Td (46.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.64 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.06 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.81 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.45 670.25 Td (total ) Tj ET Q q 0 0 0 rg BT 193.64 670.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 242.73 670.25 Td (units ) Tj ET Q q 0 0 0 rg BT 264.59 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.79 670.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 308.32 670.25 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 346.00 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.25 670.25 Td (This ) Tj ET Q q 0 0 0 rg BT 368.45 670.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 407.51 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 414.37 670.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 437.90 670.25 Td (value ) Tj ET Q q 0 0 0 rg BT 461.98 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.73 670.25 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.51 670.25 Td ($686 ) Tj ET Q q 0 0 0 rg BT 507.93 670.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.82 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 539.24 670.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (on ) Tj ET Q q 0 0 0 rg BT 63.08 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.37 658.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 110.33 658.25 Td (share ) Tj ET Q q 0 0 0 rg BT 134.50 658.25 Td (price ) Tj ET Q q 0 0 0 rg BT 157.56 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.97 658.25 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.75 658.25 Td ($16.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.25 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.33 658.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.40 658.25 Td (February ) Tj ET Q q 0 0 0 rg BT 264.58 658.25 Td (25, ) Tj ET Q q 0 0 0 rg BT 280.15 658.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 305.73 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.80 658.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 342.98 658.25 Td (also ) Tj ET Q q 0 0 0 rg BT 362.16 658.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 386.35 658.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 412.76 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.16 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.46 658.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 479.18 658.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 528.37 658.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 554.22 658.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.03 646.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 119.72 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.09 646.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 172.77 646.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 233.45 646.25 Td (US$3.2 ) Tj ET Q q 0 0 0 rg BT 266.66 646.25 Td (million ) Tj ET Q q 0 0 0 rg BT 298.48 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.19 646.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 348.21 646.25 Td (IDR ) Tj ET Q q 0 0 0 rg BT 368.35 646.25 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 423.79 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.71 646.25 Td (For ) Tj ET Q q 0 0 0 rg BT 443.53 646.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.89 646.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 491.04 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.29 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 646.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.37 634.25 Td (for ) Tj ET Q q 0 0 0 rg BT 110.53 634.25 Td (its ) Tj ET Q q 0 0 0 rg BT 122.48 634.25 Td (various ) Tj ET Q q 0 0 0 rg BT 154.42 634.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 198.58 634.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 234.40 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.68 634.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 278.29 634.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 313.55 634.25 Td (see ) Tj ET Q q 0 0 0 rg BT 328.82 634.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 350.76 634.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 358.26 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.54 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.26 634.25 Td (attached ) Tj ET Q q 0 0 0 rg BT 419.07 634.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.55 634.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.85 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 616.85 Td (more ) Tj ET Q q 0 0 0 rg BT 89.44 616.85 Td (information ) Tj ET Q q 0 0 0 rg BT 139.15 616.85 Td (on ) Tj ET Q q 0 0 0 rg BT 151.65 616.85 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 185.25 616.85 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 223.02 616.85 Td (see ) Tj ET Q q 0 0 0 rg BT 238.29 616.85 Td (their ) Tj ET Q q 0 0 0 rg BT 259.12 616.85 Td (separate ) Tj ET Q q 0 0 0 rg BT 294.37 616.85 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 332.96 616.85 Td (report ) Tj ET Q q 0 0 0 rg BT 359.34 616.85 Td (published ) Tj ET Q q 0 0 0 rg BT 400.73 616.85 Td (on ) Tj ET Q q 0 0 0 rg BT 413.23 616.85 Td (www) Tj ET Q q 0 0 0 rg BT 434.24 616.85 Td (.seadrillpartners.com.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 592.85 Td (Ar) Tj ET Q q 0 0 0 rg BT 59.63 592.85 Td (cher ) Tj ET Q q 0 0 0 rg BT 79.90 592.85 Td (Limited ) Tj ET Q q 0 0 0 rg BT 112.95 592.85 Td (\(Ar) Tj ET Q q 0 0 0 rg BT 131.47 592.85 Td (cher\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.85 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.16 568.85 Td (currently ) Tj ET Q q 0 0 0 rg BT 121.31 568.85 Td (owns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.48 568.85 Td (231,053,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.48 568.85 Td ( ) Tj ET Q q 0 0 0 rg BT 196.54 568.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 223.59 568.85 Td (in ) Tj ET Q q 0 0 0 rg BT 232.97 568.85 Td (Archer) Tj ET Q q 0 0 0 rg BT 260.33 568.85 Td (, ) Tj ET Q q 0 0 0 rg BT 264.88 568.85 Td (or ) Tj ET Q q 0 0 0 rg BT 275.27 568.85 Td (39.9%, ) Tj ET Q q 0 0 0 rg BT 305.66 568.85 Td (which ) Tj ET Q q 0 0 0 rg BT 332.15 568.85 Td (represents ) Tj ET Q q 0 0 0 rg BT 374.75 568.85 Td (a ) Tj ET Q q 0 0 0 rg BT 381.24 568.85 Td (gross ) Tj ET Q q 0 0 0 rg BT 404.41 568.85 Td (value ) Tj ET Q q 0 0 0 rg BT 428.13 568.85 Td (of ) Tj ET Q q 0 0 0 rg BT 438.51 568.85 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 568.85 Td ($77.5 ) Tj ET Q q 0 0 0 rg BT 475.85 568.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.75 568.85 Td ( ) Tj ET Q q 0 0 0 rg BT 506.80 568.85 Td (on ) Tj ET Q q 0 0 0 rg BT 518.86 568.85 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 568.85 Td (closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.85 Td (share ) Tj ET Q q 0 0 0 rg BT 72.94 556.85 Td (price ) Tj ET Q q 0 0 0 rg BT 94.77 556.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.95 556.85 Td (NOK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.61 556.85 Td (2.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.11 556.85 Td ( ) Tj ET Q q 0 0 0 rg BT 145.96 556.85 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.80 556.85 Td (February ) Tj ET Q q 0 0 0 rg BT 195.75 556.85 Td (25, ) Tj ET Q q 0 0 0 rg BT 210.09 556.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.09 556.85 Td (. ) Tj ET Q q 0 0 0 rg BT 234.44 556.85 Td ( ) Tj ET Q q 0 0 0 rg BT 235.87 556.85 Td (Archer ) Tj ET Q q 0 0 0 rg BT 265.48 556.85 Td (contributed ) Tj ET Q q 0 0 0 rg BT 312.86 556.85 Td (a ) Tj ET Q q 0 0 0 rg BT 319.15 556.85 Td (gain ) Tj ET Q q 0 0 0 rg BT 338.21 556.85 Td (of ) Tj ET Q q 0 0 0 rg BT 348.38 556.85 Td (US$5 ) Tj ET Q q 0 0 0 rg BT 373.01 556.85 Td (million ) Tj ET Q q 0 0 0 rg BT 403.75 556.85 Td (to ) Tj ET Q q 0 0 0 rg BT 413.37 556.85 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.54 556.85 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.98 556.85 Td ( ) Tj ET Q q 0 0 0 rg BT 454.83 556.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 484.99 556.85 Td (net ) Tj ET Q q 0 0 0 rg BT 499.05 556.85 Td (income. ) Tj ET Q q 0 0 0 rg BT 532.83 556.85 Td ( ) Tj ET Q q 0 0 0 rg BT 534.27 556.85 Td (Archer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.85 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 544.85 Td (accounted ) Tj ET Q q 0 0 0 rg BT 102.20 544.85 Td (for ) Tj ET Q q 0 0 0 rg BT 116.36 544.85 Td (under ) Tj ET Q q 0 0 0 rg BT 141.63 544.85 Td (the ) Tj ET Q q 0 0 0 rg BT 156.35 544.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 183.84 544.85 Td (method. ) Tj ET Q q 0 0 0 rg BT 218.84 544.85 Td ( ) Tj ET Q q 0 0 0 rg BT 221.16 544.85 Td (The ) Tj ET Q q 0 0 0 rg BT 239.20 544.85 Td (book ) Tj ET Q q 0 0 0 rg BT 261.70 544.85 Td (value ) Tj ET Q q 0 0 0 rg BT 285.86 544.85 Td (of ) Tj ET Q q 0 0 0 rg BT 296.69 544.85 Td (seadrill) Tj ET Q q 0 0 0 rg BT 330.57 544.85 Td (s ) Tj ET Q q 0 0 0 rg BT 336.96 544.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 383.34 544.85 Td (in ) Tj ET Q q 0 0 0 rg BT 393.07 544.85 Td (Archer ) Tj ET Q q 0 0 0 rg BT 423.33 544.85 Td (is ) Tj ET Q q 0 0 0 rg BT 432.50 544.85 Td (zero. ) Tj ET Q q 0 0 0 rg BT 454.71 544.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.85 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 532.85 Td (more ) Tj ET Q q 0 0 0 rg BT 89.44 532.85 Td (information ) Tj ET Q q 0 0 0 rg BT 139.15 532.85 Td (on ) Tj ET Q q 0 0 0 rg BT 151.10 532.85 Td (Archer ) Tj ET Q q 0 0 0 rg BT 181.36 532.85 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 218.02 532.85 Td (see ) Tj ET Q q 0 0 0 rg BT 233.29 532.85 Td (their ) Tj ET Q q 0 0 0 rg BT 254.11 532.85 Td (separate ) Tj ET Q q 0 0 0 rg BT 289.37 532.85 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 327.96 532.85 Td (report ) Tj ET Q q 0 0 0 rg BT 354.34 532.85 Td (published ) Tj ET Q q 0 0 0 rg BT 395.72 532.85 Td (on ) Tj ET Q q 0 0 0 rg BT 408.22 532.85 Td (www) Tj ET Q q 0 0 0 rg BT 429.24 532.85 Td (.archerwell.com. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 108.62 508.85 Td (subsidiaries) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 484.85 Td (North ) Tj ET Q q 0 0 0 rg BT 75.66 484.85 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 109.82 484.85 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 144.55 484.85 Td (\("NADL"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.85 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.29 472.85 Td (currently ) Tj ET Q q 0 0 0 rg BT 123.56 472.85 Td (owns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.86 472.85 Td (169,663,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.86 472.85 Td ( ) Tj ET Q q 0 0 0 rg BT 201.04 472.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.21 472.85 Td (in ) Tj ET Q q 0 0 0 rg BT 240.17 472.85 Td (NADL) Tj ET Q q 0 0 0 rg BT 267.58 472.85 Td ( ) Tj ET Q q 0 0 0 rg BT 270.76 472.85 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.27 472.85 Td (70.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.10 472.85 Td ( ) Tj ET Q q 0 0 0 rg BT 311.29 472.85 Td (of ) Tj ET Q q 0 0 0 rg BT 322.80 472.85 Td (the ) Tj ET Q q 0 0 0 rg BT 338.20 472.85 Td (Company) Tj ET Q q 0 0 0 rg BT 376.43 472.85 Td (, ) Tj ET Q q 0 0 0 rg BT 382.12 472.85 Td (which ) Tj ET Q q 0 0 0 rg BT 409.74 472.85 Td (represents ) Tj ET Q q 0 0 0 rg BT 453.46 472.85 Td (a ) Tj ET Q q 0 0 0 rg BT 461.08 472.85 Td (gross ) Tj ET Q q 0 0 0 rg BT 485.38 472.85 Td (value ) Tj ET Q q 0 0 0 rg BT 510.21 472.85 Td (of ) Tj ET Q q 0 0 0 rg BT 521.73 472.85 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.51 472.85 Td ($285.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 460.85 Td ( ) Tj ET Q q 0 0 0 rg BT 81.39 460.85 Td (based ) Tj ET Q q 0 0 0 rg BT 106.66 460.85 Td (on ) Tj ET Q q 0 0 0 rg BT 119.16 460.85 Td (the ) Tj ET Q q 0 0 0 rg BT 133.88 460.85 Td (closing ) Tj ET Q q 0 0 0 rg BT 165.26 460.85 Td (share ) Tj ET Q q 0 0 0 rg BT 188.86 460.85 Td (price ) Tj ET Q q 0 0 0 rg BT 211.35 460.85 Td (of ) Tj ET Q q 0 0 0 rg BT 222.18 460.85 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.96 460.85 Td ($1.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.46 460.85 Td ( ) Tj ET Q q 0 0 0 rg BT 259.96 460.85 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.46 460.85 Td (February ) Tj ET Q q 0 0 0 rg BT 311.06 460.85 Td (25, ) Tj ET Q q 0 0 0 rg BT 326.06 460.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.06 460.85 Td (. ) Tj ET Q q 0 0 0 rg BT 351.06 460.85 Td ( ) Tj ET Q q 0 0 0 rg BT 353.38 460.85 Td (The ) Tj ET Q q 0 0 0 rg BT 371.43 460.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.81 460.85 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 464.75 460.85 Td (NADL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.45 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 443.45 Td (more ) Tj ET Q q 0 0 0 rg BT 89.44 443.45 Td (information ) Tj ET Q q 0 0 0 rg BT 139.15 443.45 Td (on ) Tj ET Q q 0 0 0 rg BT 151.65 443.45 Td (NADL, ) Tj ET Q q 0 0 0 rg BT 184.42 443.45 Td (see ) Tj ET Q q 0 0 0 rg BT 199.69 443.45 Td (their ) Tj ET Q q 0 0 0 rg BT 220.52 443.45 Td (separate ) Tj ET Q q 0 0 0 rg BT 255.77 443.45 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 294.37 443.45 Td (report ) Tj ET Q q 0 0 0 rg BT 320.74 443.45 Td (published ) Tj ET Q q 0 0 0 rg BT 362.13 443.45 Td (on ) Tj ET Q q 0 0 0 rg BT 374.63 443.45 Td (www) Tj ET Q q 0 0 0 rg BT 395.64 443.45 Td (.nadlcorp.com.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.45 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 431.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 419.45 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 76.38 419.45 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 110.92 419.45 Td (ASA) Tj ET Q q 0 0 0 rg BT 127.96 419.45 Td ( ) Tj ET Q q 0 0 0 rg BT 130.46 419.45 Td (\(Sevan ) Tj ET Q q 0 0 0 rg BT 165.73 419.45 Td (Drilling\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.45 Td (seadrill) Tj ET Q q 0 0 0 rg BT 83.88 407.45 Td (s ) Tj ET Q q 0 0 0 rg BT 90.52 407.45 Td (stake ) Tj ET Q q 0 0 0 rg BT 113.81 407.45 Td (in ) Tj ET Q q 0 0 0 rg BT 124.33 407.45 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 151.51 407.45 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.93 407.45 Td (50.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.76 407.45 Td (, ) Tj ET Q q 0 0 0 rg BT 192.00 407.45 Td (representing ) Tj ET Q q 0 0 0 rg BT 244.17 407.45 Td (a ) Tj ET Q q 0 0 0 rg BT 251.35 407.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 275.21 407.45 Td (value ) Tj ET Q q 0 0 0 rg BT 299.61 407.45 Td (of ) Tj ET Q q 0 0 0 rg BT 310.68 407.45 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.47 407.45 Td ($25.7 ) Tj ET Q q 0 0 0 rg BT 348.71 407.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.60 407.45 Td ( ) Tj ET Q q 0 0 0 rg BT 380.35 407.45 Td (based ) Tj ET Q q 0 0 0 rg BT 405.86 407.45 Td (on ) Tj ET Q q 0 0 0 rg BT 418.60 407.45 Td (the ) Tj ET Q q 0 0 0 rg BT 433.56 407.45 Td (closing ) Tj ET Q q 0 0 0 rg BT 465.20 407.45 Td (share ) Tj ET Q q 0 0 0 rg BT 489.04 407.45 Td (price ) Tj ET Q q 0 0 0 rg BT 511.77 407.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.84 407.45 Td (NOK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.51 407.45 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 407.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.45 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 395.45 Td (February ) Tj ET Q q 0 0 0 rg BT 101.10 395.45 Td (25, ) Tj ET Q q 0 0 0 rg BT 116.10 395.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.10 395.45 Td (. ) Tj ET Q q 0 0 0 rg BT 141.10 395.45 Td ( ) Tj ET Q q 0 0 0 rg BT 143.42 395.45 Td (The ) Tj ET Q q 0 0 0 rg BT 161.46 395.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.85 395.45 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 254.79 395.45 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 281.72 395.45 Td (Drilling.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.45 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 383.45 Td (more ) Tj ET Q q 0 0 0 rg BT 89.44 383.45 Td (information ) Tj ET Q q 0 0 0 rg BT 139.15 383.45 Td (on ) Tj ET Q q 0 0 0 rg BT 151.65 383.45 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 178.59 383.45 Td (Drilling, ) Tj ET Q q 0 0 0 rg BT 215.25 383.45 Td (see ) Tj ET Q q 0 0 0 rg BT 230.52 383.45 Td (their ) Tj ET Q q 0 0 0 rg BT 251.35 383.45 Td (separate ) Tj ET Q q 0 0 0 rg BT 286.60 383.45 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 325.20 383.45 Td (report ) Tj ET Q q 0 0 0 rg BT 351.57 383.45 Td (published ) Tj ET Q q 0 0 0 rg BT 392.96 383.45 Td (on ) Tj ET Q q 0 0 0 rg BT 405.46 383.45 Td (www) Tj ET Q q 0 0 0 rg BT 426.47 383.45 Td (.sevandrilling.com. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.45 Td (At ) Tj ET Q q 0 0 0 rg BT 62.50 359.45 Td (current ) Tj ET Q q 0 0 0 rg BT 93.32 359.45 Td (market ) Tj ET Q q 0 0 0 rg BT 123.58 359.45 Td (prices, ) Tj ET Q q 0 0 0 rg BT 152.46 359.45 Td (the ) Tj ET Q q 0 0 0 rg BT 167.17 359.45 Td (total ) Tj ET Q q 0 0 0 rg BT 187.45 359.45 Td (net ) Tj ET Q q 0 0 0 rg BT 202.16 359.45 Td (value ) Tj ET Q q 0 0 0 rg BT 226.32 359.45 Td (of ) Tj ET Q q 0 0 0 rg BT 237.15 359.45 Td (these ) Tj ET Q q 0 0 0 rg BT 260.20 359.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 310.47 359.45 Td (is ) Tj ET Q q 0 0 0 rg BT 319.64 359.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 379.90 359.45 Td (US$1.1 ) Tj ET Q q 0 0 0 rg BT 412.68 359.45 Td (billion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.45 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 335.45 Td ( ) Tj ET Q q 0 0 0 rg BT 77.87 335.45 Td (investments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 311.45 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 116.94 311.45 Td (Petr) Tj ET Q q 0 0 0 rg BT 133.78 311.45 Td (oleum ) Tj ET Q q 0 0 0 rg BT 160.72 311.45 Td (Bhd.\(SapuraKencana\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.45 Td (Based ) Tj ET Q q 0 0 0 rg BT 77.15 287.45 Td (on ) Tj ET Q q 0 0 0 rg BT 89.87 287.45 Td (the ) Tj ET Q q 0 0 0 rg BT 104.80 287.45 Td (closing ) Tj ET Q q 0 0 0 rg BT 136.41 287.45 Td (share ) Tj ET Q q 0 0 0 rg BT 160.22 287.45 Td (price ) Tj ET Q q 0 0 0 rg BT 182.92 287.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.97 287.45 Td (MYR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.75 287.45 Td (2.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.25 287.45 Td ( ) Tj ET Q q 0 0 0 rg BT 236.97 287.45 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.69 287.45 Td (February ) Tj ET Q q 0 0 0 rg BT 288.50 287.45 Td (25, ) Tj ET Q q 0 0 0 rg BT 303.72 287.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.72 287.45 Td ( ) Tj ET Q q 0 0 0 rg BT 326.43 287.45 Td (the ) Tj ET Q q 0 0 0 rg BT 341.37 287.45 Td (total ) Tj ET Q q 0 0 0 rg BT 361.86 287.45 Td (value ) Tj ET Q q 0 0 0 rg BT 386.23 287.45 Td (of ) Tj ET Q q 0 0 0 rg BT 397.27 287.45 Td (our ) Tj ET Q q 0 0 0 rg BT 413.32 287.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 459.92 287.45 Td (is ) Tj ET Q q 0 0 0 rg BT 469.31 287.45 Td (US) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.09 287.45 Td ($382.4 ) Tj ET Q q 0 0 0 rg BT 512.30 287.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.20 287.45 Td (. ) Tj ET Q q 0 0 0 rg BT 546.41 287.45 Td ( ) Tj ET Q q 0 0 0 rg BT 548.93 287.45 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 287.45 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.88 275.45 Td (to ) Tj ET Q q 0 0 0 rg BT 97.09 275.45 Td (invest ) Tj ET Q q 0 0 0 rg BT 123.42 275.45 Td (in ) Tj ET Q q 0 0 0 rg BT 133.64 275.45 Td (our ) Tj ET Q q 0 0 0 rg BT 149.41 275.45 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 188.51 275.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 209.28 275.45 Td (project ) Tj ET Q q 0 0 0 rg BT 239.49 275.45 Td (in ) Tj ET Q q 0 0 0 rg BT 249.71 275.45 Td (support ) Tj ET Q q 0 0 0 rg BT 282.15 275.45 Td (of ) Tj ET Q q 0 0 0 rg BT 292.92 275.45 Td (its ) Tj ET Q q 0 0 0 rg BT 304.81 275.45 Td (pipe-lay ) Tj ET Q q 0 0 0 rg BT 340.01 275.45 Td (support ) Tj ET Q q 0 0 0 rg BT 372.46 275.45 Td (vessels ) Tj ET Q q 0 0 0 rg BT 403.23 275.45 Td (\("PLSV"\) ) Tj ET Q q 0 0 0 rg BT 444.95 275.45 Td (newbuild ) Tj ET Q q 0 0 0 rg BT 484.60 275.45 Td (program. ) Tj ET Q q 0 0 0 rg BT 523.42 275.45 Td ( ) Tj ET Q q 0 0 0 rg BT 525.69 275.45 Td (The ) Tj ET Q q 0 0 0 rg BT 543.68 275.45 Td (joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.45 Td (venture ) Tj ET Q q 0 0 0 rg BT 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 168.75 m 503 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 182.75 m 507 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 168.75 m 507 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 182.75 m 563 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 168.75 m 563 168.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 672.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.50 681.48 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.65 671.48 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 681.48 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.15 671.48 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.50 658.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.50 658.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.50 658.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.50 658.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 644.43 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.50 644.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 644.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 644.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 644.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 630.32 Td (Contract revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.65 630.32 Td (1,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 630.32 Td (1,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 630.32 Td (4,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 630.32 Td (4,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 616.32 Td (Reimbursable revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 616.32 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 616.32 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 616.32 Td (190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 616.32 Td (278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 602.32 Td (Other revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 602.32 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 602.32 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 602.32 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 602.32 Td (112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 588.43 Td (Total operating revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.65 588.43 Td (1,261) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 588.43 Td (1,469) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 588.43 Td (4,997) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 588.43 Td (5,282) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 560.43 Td (Gain on disposals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 560.43 Td (192) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 560.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 560.43 Td (632) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 560.43 Td (61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 532.43 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 532.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 532.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 532.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 532.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 518.32 Td (Vessel and rig operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 518.32 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 518.32 Td (565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 518.32 Td (1,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 518.32 Td (1,977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 504.32 Td (Reimbursable expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 504.32 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 504.32 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 504.32 Td (172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 504.32 Td (257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 490.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 490.32 Td (180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 490.32 Td (200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 490.32 Td (693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 490.32 Td (711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 476.32 Td (Loss on impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 476.32 Td (232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 476.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 476.32 Td (232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 476.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 462.32 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 462.32 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 462.32 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 462.32 Td (315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 462.32 Td (300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 448.43 Td (Total operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.65 448.43 Td (1,001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 448.43 Td (901) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 448.43 Td (3,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 448.43 Td (3,245) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 420.43 Td (Operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 420.43 Td (452) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 420.43 Td (568) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 420.43 Td (2,279) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 420.43 Td (2,098) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 392.43 Td (Financial items and other income and expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 392.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 392.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 392.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 392.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 378.32 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 378.32 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 378.32 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 378.32 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 378.32 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 364.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 364.37 Td (\(122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 364.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 364.37 Td (\(134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 364.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 364.37 Td (\(478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 364.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 364.37 Td (\(445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 364.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 350.32 Td (Share in results from associated companies \(net of tax\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 350.32 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 350.37 Td (\(189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 350.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 350.32 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 350.37 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 350.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 336.32 Td (\(Loss\)/gain on derivative financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 336.37 Td (\(285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 336.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 336.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 336.37 Td (\(497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 336.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 336.32 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 321.42 Td (Net gain/\(loss\) on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 321.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 321.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.80 321.47 Td (\(54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 321.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 321.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 307.32 Td (Foreign exchange gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 307.32 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 307.32 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 307.32 Td (164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 307.32 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 293.32 Td (Gain on realization of marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 293.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 293.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 293.32 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 293.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 277.42 Td (Gain on sale of tender rig business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 277.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 277.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 277.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 277.42 Td (1,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 263.32 Td (Gain on deconsolidation of seadrill Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 263.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 263.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 263.32 Td (2,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 263.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 249.32 Td (Other financial items and other income and expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.80 249.37 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 249.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 249.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 249.32 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 249.32 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 235.43 Td (Total financial items and other income and expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.80 235.48 Td (\(251) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 235.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.80 235.48 Td (\(286) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 235.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 235.43 Td (1,827) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 235.43 Td (842) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 207.43 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 207.32 Td (201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 207.32 Td (282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 207.32 Td (4,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 207.32 Td (2,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 187.32 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.80 187.37 Td (\(51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 187.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.80 187.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 187.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.80 187.37 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 187.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 187.37 Td (\(154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 187.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 173.43 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 173.43 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 173.43 Td (281) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 173.43 Td (4,087) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 173.43 Td (2,786) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 145.43 Td (Net \(loss\)/income attributable to the non-controlling interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.80 145.48 Td (\(7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 145.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 145.43 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 145.43 Td (108) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 145.43 Td (133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 131.43 Td (Net income attributable to the parent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.15 131.43 Td (157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 131.43 Td (231) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 131.43 Td (3,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 131.43 Td (2,653) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 103.43 Td (Basic earnings per share \(U.S. dollar\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 103.43 Td (0.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 103.43 Td (0.49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 103.43 Td (8.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 103.43 Td (5.66) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 89.43 Td (Diluted earnings per share \(U.S. dollar\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 89.43 Td (0.32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 89.43 Td (0.49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 89.43 Td (8.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 89.43 Td (5.47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 75.43 Td (Declared regular dividend per share \(U.S. dollar\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.15 75.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 75.43 Td (0.98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 75.43 Td (2.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 75.43 Td (3.72) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 47.25 Td (See ) Tj ET Q q 0 0 0 rg BT 68.88 47.25 Td (accompanying ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 129.69 47.25 Td (notes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 150.80 47.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.30 47.25 Td (that ) Tj ET Q q 0 0 0 rg BT 171.36 47.25 Td (ar) Tj ET Q q 0 0 0 rg BT 179.88 47.25 Td (e ) Tj ET Q q 0 0 0 rg BT 186.82 47.25 Td (an ) Tj ET Q q 0 0 0 rg BT 199.32 47.25 Td (integral ) Tj ET Q q 0 0 0 rg BT 233.48 47.25 Td (part ) Tj ET Q q 0 0 0 rg BT 252.65 47.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.93 47.25 Td (these ) Tj ET Q q 0 0 0 rg BT 285.98 47.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 341.81 47.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 383.19 47.25 Td (Statements.) 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31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 662.48 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 652.48 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 639.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 639.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 639.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 639.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 611.43 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 611.43 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 611.43 Td (281) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 611.43 Td (4,087) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 611.43 Td (2,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 597.32 Td (Other comprehensive \(loss\) / income, net of tax:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 597.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 597.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 597.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 597.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 583.32 Td (Change in unrealized \(loss\)/ gain on marketable securities, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.30 583.37 Td (\(710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 583.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 583.32 Td (262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 583.37 Td (\(982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 583.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 583.32 Td (333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 569.32 Td (Change in unrealized foreign exchange differences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 569.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 569.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 569.37 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 569.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 569.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 555.32 Td (Change in actuarial loss relating to pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.30 555.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 555.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.30 555.37 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 555.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 555.37 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 555.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 555.37 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 555.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 538.42 Td (Change in unrealized gain on interest rate swaps in VIEs and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 528.42 Td (subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 528.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 528.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 528.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 528.42 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 514.43 Td (Other comprehensive \(loss\)/ income:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.30 514.48 Td (\(704) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 514.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 514.43 Td (266) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.80 514.48 Td (\(1,031) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 514.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 514.43 Td (335) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 486.43 Td (Total comprehensive \(loss\)/income for the period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.30 486.48 Td (\(554) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 486.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 486.43 Td (547) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 486.43 Td (3,056) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 486.43 Td 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0 j 3 M 418 50.75 m 422 50.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 422 63.75 m 490 63.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 422 50.75 m 490 50.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490 63.75 m 494 63.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490 50.75 m 494 50.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 63.75 m 562 63.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 50.75 m 562 50.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 704.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.35 714.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.50 704.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.35 714.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.50 704.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 690.48 Td (ASSETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.50 690.48 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 690.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 677.48 Td (Curr) Tj ET Q q 0 0 0 rg BT 73.07 677.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 88.81 677.48 Td (assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.50 677.48 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 677.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 664.32 Td (Cash ) Tj ET Q q 0 0 0 rg BT 74.00 664.32 Td (and ) Tj ET Q q 0 0 0 rg BT 90.94 664.32 Td (cash ) Tj ET Q q 0 0 0 rg BT 111.21 664.32 Td (equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 664.32 Td (831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 664.32 Td (744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 651.32 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 94.54 651.32 Td (cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 651.32 Td (268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 651.32 Td (168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 638.32 Td (Marketable ) Tj ET Q q 0 0 0 rg BT 99.53 638.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 638.32 Td (426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 638.32 Td (416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 625.32 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 91.77 625.32 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 141.74 625.32 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 625.32 Td (1,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 625.32 Td (1,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 612.32 Td (Amount ) Tj ET Q q 0 0 0 rg BT 86.78 612.32 Td (due ) Tj ET Q q 0 0 0 rg BT 103.72 612.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.66 612.32 Td (related ) Tj ET Q q 0 0 0 rg BT 155.36 612.32 Td (party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 612.32 Td (466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 612.32 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 599.32 Td (Assets ) Tj ET Q q 0 0 0 rg BT 80.11 599.32 Td (held ) Tj ET Q q 0 0 0 rg BT 99.83 599.32 Td (for ) Tj ET Q q 0 0 0 rg BT 113.99 599.32 Td (sale ) Tj ET Q q 0 0 0 rg BT 132.04 599.32 Td (- ) Tj ET Q q 0 0 0 rg BT 137.87 599.32 Td (current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 599.32 Td (134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 599.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 586.32 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.77 586.32 Td (current ) Tj ET Q q 0 0 0 rg BT 107.58 586.32 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 586.32 Td (273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 586.32 Td (363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 573.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 573.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 573.48 Td (curr) Tj ET Q q 0 0 0 rg BT 94.65 573.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 110.39 573.48 Td (assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.65 573.48 Td (3,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 573.48 Td (2,834) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 560.48 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 91.40 560.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 107.14 560.48 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 560.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 560.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 547.32 Td (Investment ) Tj ET Q q 0 0 0 rg BT 98.43 547.32 Td (in ) Tj ET Q q 0 0 0 rg BT 108.71 547.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 152.31 547.32 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 547.32 Td (2,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 547.32 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 534.32 Td (Marketable ) Tj ET Q q 0 0 0 rg BT 99.53 534.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 534.32 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 534.32 Td (666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 521.32 Td (Newbuildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 521.32 Td (2,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 521.32 Td (3,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 508.32 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 85.67 508.32 Td (units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 508.32 Td (15,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 508.32 Td (17,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 495.32 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 495.32 Td (604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 495.32 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 482.32 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 94.54 482.32 Td (cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 482.32 Td (181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 482.32 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 469.32 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 89.53 469.32 Td (tax ) Tj ET Q q 0 0 0 rg BT 104.24 469.32 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 469.32 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 469.32 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 456.32 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 456.32 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 456.32 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 443.32 Td (Amount ) Tj ET Q q 0 0 0 rg BT 86.78 443.32 Td (due ) Tj ET Q q 0 0 0 rg BT 103.72 443.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.66 443.32 Td (related ) Tj ET Q q 0 0 0 rg BT 155.36 443.32 Td (party ) Tj ET Q q 0 0 0 rg BT 178.40 443.32 Td (non-current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 443.32 Td (313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 443.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 430.32 Td (Assets held for sale - non-current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 430.32 Td (1,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 430.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 417.32 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.77 417.32 Td (non-current ) Tj ET Q q 0 0 0 rg BT 125.91 417.32 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 417.32 Td (414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 417.32 Td (612) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 404.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 404.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 404.48 Td (non-curr) Tj ET Q q 0 0 0 rg BT 114.10 404.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 129.84 404.48 Td (assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.65 404.48 Td (23,091) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 404.48 Td (23,466) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 391.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 391.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 391.48 Td (assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.65 391.48 Td (26,506) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 391.48 Td (26,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 378.48 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 115.42 378.48 Td (AND ) Tj ET Q q 0 0 0 rg BT 139.31 378.48 Td (EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 378.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 378.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 365.48 Td (Curr) Tj ET Q q 0 0 0 rg BT 73.07 365.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 88.81 365.48 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 365.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 365.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 352.32 Td (Current ) Tj ET Q q 0 0 0 rg BT 84.55 352.32 Td (portion ) Tj ET Q q 0 0 0 rg BT 115.93 352.32 Td (of ) Tj ET Q q 0 0 0 rg BT 126.76 352.32 Td (long-term ) Tj ET Q q 0 0 0 rg BT 168.70 352.32 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 352.32 Td (2,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 352.32 Td (1,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 339.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.43 339.32 Td (rade ) Tj ET Q q 0 0 0 rg BT 76.96 339.32 Td (accounts ) Tj ET Q q 0 0 0 rg BT 114.45 339.32 Td (payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 339.32 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 339.32 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 326.32 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 97.33 326.32 Td (debt ) Tj ET Q q 0 0 0 rg BT 117.04 326.32 Td (to ) Tj ET Q q 0 0 0 rg BT 127.32 326.32 Td (related ) Tj ET Q q 0 0 0 rg BT 157.02 326.32 Td (party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 326.32 Td (189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 326.32 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 313.32 Td (Liabilities associated with assets held for sale - current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 313.32 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 313.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 300.32 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.77 300.32 Td (current ) Tj ET Q q 0 0 0 rg BT 107.58 300.32 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 300.32 Td (1,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 300.32 Td (2,114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 287.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 287.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 287.48 Td (curr) Tj ET Q q 0 0 0 rg BT 94.65 287.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 110.39 287.48 Td (liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.65 287.48 Td (4,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 287.48 Td (3,825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 274.48 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 91.40 274.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 107.14 274.48 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 274.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 274.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 261.32 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 96.76 261.32 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 261.32 Td (10,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 261.32 Td (11,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 248.32 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 96.76 248.32 Td (debt ) Tj ET Q q 0 0 0 rg BT 116.48 248.32 Td (due ) Tj ET Q q 0 0 0 rg BT 133.42 248.32 Td (to ) Tj ET Q q 0 0 0 rg BT 143.70 248.32 Td (related ) Tj ET Q q 0 0 0 rg BT 173.40 248.32 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 248.32 Td (415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 248.32 Td (1,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 235.32 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 89.53 235.32 Td (tax ) Tj ET Q q 0 0 0 rg BT 104.24 235.32 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 235.32 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 235.32 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 222.32 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 94.55 222.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 138.14 222.32 Td (with ) Tj ET Q q 0 0 0 rg BT 158.42 222.32 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.25 222.32 Td (held ) Tj ET Q q 0 0 0 rg BT 203.97 222.32 Td (for ) Tj ET Q q 0 0 0 rg BT 218.13 222.32 Td (sale ) Tj ET Q q 0 0 0 rg BT 236.17 222.32 Td (- ) Tj ET Q q 0 0 0 rg BT 242.00 222.32 Td (non-current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 222.32 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 222.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 209.32 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.77 209.32 Td (non-current ) Tj ET Q q 0 0 0 rg BT 125.91 209.32 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 209.32 Td (699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 209.32 Td (898) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 196.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 196.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 196.48 Td (non-curr) Tj ET Q q 0 0 0 rg BT 114.10 196.48 Td (ent ) Tj ET Q q 0 0 0 rg BT 129.84 196.48 Td (liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.65 196.48 Td (11,542) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 196.48 Td (14,273) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 183.48 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 183.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 183.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 169.42 Td (Common shares of par value US$2.00 per share: 800,000,000 shares authorized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 159.42 Td (492,759,938 outstanding at December 31, 2014 \(December 31, 2013, 468,978,492\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 159.42 Td (985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 159.42 Td (938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 145.32 Td (Additional ) Tj ET Q q 0 0 0 rg BT 96.77 145.32 Td (paid ) Tj ET Q q 0 0 0 rg BT 116.49 145.32 Td (in ) Tj ET Q q 0 0 0 rg BT 126.77 145.32 Td (capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 145.32 Td (3,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 145.32 Td (2,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 132.32 Td (Contributed ) Tj ET Q q 0 0 0 rg BT 101.77 132.32 Td (surplus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 132.32 Td (1,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 132.32 Td (1,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 119.32 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 107.31 119.32 Td (other ) Tj ET Q q 0 0 0 rg BT 130.36 119.32 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 193.39 119.32 Td (\(loss\)/income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 119.37 Td (\(448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 119.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 119.32 Td (528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 106.32 Td (Retained ) Tj ET Q q 0 0 0 rg BT 89.54 106.32 Td (earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 106.32 Td (4,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 106.32 Td (1,449) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 93.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 93.48 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.86 93.48 Td (shar) Tj ET Q q 0 0 0 rg BT 94.66 93.48 Td (eholders' ) Tj ET Q q 0 0 0 rg BT 135.96 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 559.37 Td (\(177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 559.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 559.37 Td (\(136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 559.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 545.32 Td (Share ) Tj ET Q q 0 0 0 rg BT 95.77 545.32 Td (of ) Tj ET Q q 0 0 0 rg BT 106.60 545.32 Td (results ) Tj ET Q q 0 0 0 rg BT 135.21 545.32 Td (from ) Tj ET Q q 0 0 0 rg BT 157.15 545.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 200.74 545.32 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 545.37 Td (\(121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 545.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 545.32 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 531.32 Td (Share-based ) Tj ET Q q 0 0 0 rg BT 121.87 531.32 Td (compensation ) Tj ET Q q 0 0 0 rg BT 179.91 531.32 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 531.32 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 531.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 515.42 Td (Gain ) Tj ET Q q 0 0 0 rg BT 92.44 515.42 Td (on ) Tj ET Q q 0 0 0 rg BT 104.94 515.42 Td (disposals ) Tj ET Q q 0 0 0 rg BT 144.11 515.42 Td (and ) Tj ET Q q 0 0 0 rg BT 161.05 515.42 Td (deconsolidations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 515.47 Td (\(2,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 515.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 515.47 Td (\(1,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 515.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 501.32 Td (Loss ) Tj ET Q q 0 0 0 rg BT 91.89 501.32 Td (on ) Tj ET Q q 0 0 0 rg BT 104.39 501.32 Td (sale ) Tj ET Q q 0 0 0 rg BT 122.44 501.32 Td (of ) Tj ET Q q 0 0 0 rg BT 133.27 501.32 Td (investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 501.32 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 501.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 487.32 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 116.86 487.32 Td (gain ) Tj ET Q q 0 0 0 rg BT 136.58 487.32 Td (/ ) Tj ET Q q 0 0 0 rg BT 141.86 487.32 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 166.58 487.32 Td (related ) Tj ET Q q 0 0 0 rg BT 196.28 487.32 Td (to ) Tj ET Q q 0 0 0 rg BT 206.56 487.32 Td (derivative ) Tj ET Q q 0 0 0 rg BT 249.04 487.32 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.52 487.32 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 487.32 Td (197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 487.37 Td (\(249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 487.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 473.32 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 119.65 473.32 Td (of ) Tj ET Q q 0 0 0 rg BT 130.48 473.32 Td (goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 473.32 Td (232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 473.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 459.32 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 114.11 459.32 Td (received ) Tj ET Q q 0 0 0 rg BT 150.47 459.32 Td (from ) Tj ET Q q 0 0 0 rg BT 172.41 459.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 216.00 459.32 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 459.32 Td (526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 459.32 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 445.32 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 108.53 445.32 Td (income ) Tj ET Q q 0 0 0 rg BT 140.46 445.32 Td (tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.80 445.37 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 445.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 445.37 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 445.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 431.32 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 116.86 431.32 Td (foreign ) Tj ET Q q 0 0 0 rg BT 148.24 431.32 Td (exchange ) Tj ET Q q 0 0 0 rg BT 188.49 431.32 Td (gain ) Tj ET Q q 0 0 0 rg BT 208.21 431.32 Td (on ) Tj ET Q q 0 0 0 rg BT 220.71 431.32 Td (long-term ) Tj ET Q q 0 0 0 rg BT 262.64 431.32 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 431.37 Td (\(165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 431.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 431.37 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 431.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 417.32 Td (Payments ) Tj ET Q q 0 0 0 rg BT 111.89 417.32 Td (for ) Tj ET Q q 0 0 0 rg BT 126.05 417.32 Td (long-term ) Tj ET Q q 0 0 0 rg BT 167.98 417.32 Td (maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 417.37 Td (\(295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 417.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 417.37 Td (\(190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 417.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 403.32 Td ( ) Tj ET Q q 0 0 0 rg BT 55.00 403.32 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 403.32 Td ( ) Tj ET Q q 0 0 0 rg BT 60.00 403.32 Td ( ) Tj ET Q q 0 0 0 rg BT 62.50 403.32 Td ( ) Tj ET Q q 0 0 0 rg BT 65.00 403.32 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 403.32 Td ( ) Tj ET Q q 0 0 0 rg BT 70.00 403.32 Td (Gain ) Tj ET Q q 0 0 0 rg BT 91.94 403.32 Td (on ) Tj ET Q q 0 0 0 rg BT 104.44 403.32 Td (realization ) Tj ET Q q 0 0 0 rg BT 149.14 403.32 Td (of ) Tj ET Q q 0 0 0 rg BT 159.97 403.32 Td (marketable ) Tj ET Q q 0 0 0 rg BT 206.88 403.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 403.37 Td (\(138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 403.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 403.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 389.32 Td (Net ) Tj ET Q q 0 0 0 rg BT 87.44 389.32 Td (gain ) Tj ET Q q 0 0 0 rg BT 107.16 389.32 Td (on ) Tj ET Q q 0 0 0 rg BT 119.66 389.32 Td (debt ) Tj ET Q q 0 0 0 rg BT 139.37 389.32 Td (extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 389.37 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 389.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 389.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 375.43 Td (Changes ) Tj ET Q q 0 0 0 rg BT 91.67 375.43 Td (in ) Tj ET Q q 0 0 0 rg BT 102.51 375.43 Td (operating ) Tj ET Q q 0 0 0 rg BT 146.12 375.43 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.07 375.43 Td (and ) Tj ET Q q 0 0 0 rg BT 191.69 375.43 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 235.58 375.43 Td (net ) Tj ET Q q 0 0 0 rg BT 251.41 375.43 Td (of ) Tj ET Q q 0 0 0 rg BT 262.24 375.43 Td (effect ) Tj ET Q q 0 0 0 rg BT 288.05 375.43 Td (of ) Tj ET Q q 0 0 0 rg BT 298.88 375.43 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 351.95 375.43 Td (and ) Tj ET Q q 0 0 0 rg BT 370.57 375.43 Td (disposals) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 498.50 375.32 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 558.50 375.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 361.32 Td (Unrecognized ) Tj ET Q q 0 0 0 rg BT 123.08 361.32 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 176.13 361.32 Td (fees ) Tj ET Q q 0 0 0 rg BT 194.73 361.32 Td (received ) Tj ET Q q 0 0 0 rg BT 231.09 361.32 Td (from ) Tj ET Q q 0 0 0 rg BT 253.03 361.32 Td (customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 361.32 Td (348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 361.32 Td (226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 347.32 Td (T) Tj ET Q q 0 0 0 rg BT 70.43 347.32 Td (rade ) Tj ET Q q 0 0 0 rg BT 89.96 347.32 Td (accounts ) Tj ET Q q 0 0 0 rg BT 127.45 347.32 Td (receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 347.37 Td (\(295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 347.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 347.37 Td (\(206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 347.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 333.32 Td (T) Tj ET Q q 0 0 0 rg BT 70.43 333.32 Td (rade ) Tj ET Q q 0 0 0 rg BT 89.96 333.32 Td (accounts ) Tj ET Q q 0 0 0 rg BT 127.45 333.32 Td (payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 333.32 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 333.37 Td (\(29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 333.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 319.32 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 97.55 319.32 Td (expenses/accrued ) Tj ET Q q 0 0 0 rg BT 170.01 319.32 Td (revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 319.32 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 319.37 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 319.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 305.32 Td (Other) Tj ET Q q 0 0 0 rg BT 86.87 305.32 Td (, ) Tj ET Q q 0 0 0 rg BT 91.87 305.32 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 305.37 Td (\(385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 305.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 305.32 Td (65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 291.43 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.99 291.43 Td (cash ) Tj ET Q q 0 0 0 rg BT 91.38 291.43 Td (pr) Tj ET Q q 0 0 0 rg BT 101.20 291.43 Td (ovided ) Tj ET Q q 0 0 0 rg BT 132.04 291.43 Td (by ) Tj ET Q q 0 0 0 rg BT 145.10 291.43 Td (operating ) Tj ET Q q 0 0 0 rg BT 188.71 291.43 Td (activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 291.43 Td (1,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 291.43 Td (1,695) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 256.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 256.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 256.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 256.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 256.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 228.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 228.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 228.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 228.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 228.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 200.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 200.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 200.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 200.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 200.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 172.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 172.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 172.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 144.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 144.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 144.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 144.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 144.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 116.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 116.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 116.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 116.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 116.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 88.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 88.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 88.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 88.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 88.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 60.75 393.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 60.75 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 60.75 55.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 60.75 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 60.75 56.00 -6.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 74.75 m 443 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 60.75 m 443 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 74.75 m 447 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 60.75 m 447 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 74.75 m 502 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 60.75 m 502 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 74.75 m 506 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 60.75 m 506 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 74.75 m 562 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 60.75 m 562 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 60.75 m 443 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 54.75 m 443 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 60.75 m 447 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 54.75 m 447 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 60.75 m 502 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 54.75 m 502 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 60.75 m 506 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 54.75 m 506 54.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 60.75 m 562 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 54.75 m 562 54.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 261.43 Td (Cash ) Tj ET Q q 0 0 0 rg BT 76.67 261.43 Td (Flows ) Tj ET Q q 0 0 0 rg BT 104.17 261.43 Td (fr) Tj ET Q q 0 0 0 rg BT 111.85 261.43 Td (om ) Tj ET Q q 0 0 0 rg BT 127.59 261.43 Td (Investing ) Tj ET Q q 0 0 0 rg BT 169.27 261.43 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 261.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 261.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 247.32 Td (Additions ) Tj ET Q q 0 0 0 rg BT 106.45 247.32 Td (to ) Tj ET Q q 0 0 0 rg BT 116.73 247.32 Td (newbuildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 247.37 Td (\(2,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 247.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 247.37 Td (\(3,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 247.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 233.32 Td (Additions ) Tj ET Q q 0 0 0 rg BT 106.45 233.32 Td (to ) Tj ET Q q 0 0 0 rg BT 116.73 233.32 Td (drilling ) Tj ET Q q 0 0 0 rg BT 148.67 233.32 Td (units ) Tj ET Q q 0 0 0 rg BT 170.62 233.32 Td (and ) Tj ET Q q 0 0 0 rg BT 187.56 233.32 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 233.37 Td (\(365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 233.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 233.37 Td (\(389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 233.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 219.32 Td (Sale ) Tj ET Q q 0 0 0 rg BT 84.22 219.32 Td (of ) Tj ET Q q 0 0 0 rg BT 95.05 219.32 Td (rigs ) Tj ET Q q 0 0 0 rg BT 112.55 219.32 Td (and ) Tj ET Q q 0 0 0 rg BT 129.49 219.32 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 219.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 219.32 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 205.32 Td (Business ) Tj ET Q q 0 0 0 rg BT 102.56 205.32 Td (combinations ) Tj ET Q q 0 0 0 rg BT 158.94 205.32 Td (and ) Tj ET Q q 0 0 0 rg BT 175.88 205.32 Td (step ) Tj ET Q q 0 0 0 rg BT 194.49 205.32 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 247.26 205.32 Td (net ) Tj ET Q q 0 0 0 rg BT 261.98 205.32 Td (of ) Tj ET Q q 0 0 0 rg BT 272.81 205.32 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.08 205.32 Td (acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 205.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 205.37 Td (\(554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 205.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 191.32 Td (Sale ) Tj ET Q q 0 0 0 rg BT 84.22 191.32 Td (of ) Tj ET Q q 0 0 0 rg BT 95.05 191.32 Td (business, ) Tj ET Q q 0 0 0 rg BT 133.94 191.32 Td (net ) Tj ET Q q 0 0 0 rg BT 148.66 191.32 Td (of ) Tj ET Q q 0 0 0 rg BT 159.49 191.32 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.75 191.32 Td (disposed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 191.32 Td (1,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 191.32 Td (1,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 177.32 Td (Cash ) Tj ET Q q 0 0 0 rg BT 87.00 177.32 Td (in ) Tj ET Q q 0 0 0 rg BT 97.28 177.32 Td (deconsolidated ) Tj ET Q q 0 0 0 rg BT 159.76 177.32 Td (subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 177.37 Td (\(90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 177.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 177.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 163.32 Td (Change ) Tj ET Q q 0 0 0 rg BT 97.55 163.32 Td (in ) Tj ET Q q 0 0 0 rg BT 107.83 163.32 Td (restricted ) Tj ET Q q 0 0 0 rg BT 147.53 163.32 Td (cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 163.37 Td (\(131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 163.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 163.32 Td (123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 149.32 Td (Investment ) Tj ET Q q 0 0 0 rg BT 111.43 149.32 Td (in ) Tj ET Q q 0 0 0 rg BT 121.71 149.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 165.31 149.32 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 149.37 Td (\(586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 149.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 149.37 Td (\(151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 149.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 135.32 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 103.10 135.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.04 135.32 Td (disposal ) Tj ET Q q 0 0 0 rg BT 160.32 135.32 Td (of ) Tj ET Q q 0 0 0 rg BT 171.15 135.32 Td (investment ) Tj ET Q q 0 0 0 rg BT 217.53 135.32 Td (in ) Tj ET Q q 0 0 0 rg BT 227.81 135.32 Td (associated ) Tj ET Q q 0 0 0 rg BT 271.40 135.32 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 135.32 Td (373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 135.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 121.32 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 103.10 121.32 Td (of ) Tj ET Q q 0 0 0 rg BT 113.93 121.32 Td (marketable ) Tj ET Q q 0 0 0 rg BT 160.85 121.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 121.37 Td (\(150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 121.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 121.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 107.32 Td (Loan ) Tj ET Q q 0 0 0 rg BT 87.55 107.32 Td (granted ) Tj ET Q q 0 0 0 rg BT 120.03 107.32 Td (to ) Tj ET Q q 0 0 0 rg BT 130.31 107.32 Td (related ) Tj ET Q q 0 0 0 rg BT 160.01 107.32 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 107.37 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 107.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 107.37 Td (\(125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 107.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 93.32 Td (Payments ) Tj ET Q q 0 0 0 rg BT 105.89 93.32 Td (received ) Tj ET Q q 0 0 0 rg BT 142.25 93.32 Td (from ) Tj ET Q q 0 0 0 rg BT 164.19 93.32 Td (loans ) Tj ET Q q 0 0 0 rg BT 187.80 93.32 Td (granted ) Tj ET Q q 0 0 0 rg BT 220.28 93.32 Td (to ) Tj ET Q q 0 0 0 rg BT 230.56 93.32 Td (related ) Tj ET Q q 0 0 0 rg BT 260.26 93.32 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 93.32 Td (2,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 93.32 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 79.32 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 103.10 79.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.04 79.32 Td (disposal ) Tj ET Q q 0 0 0 rg BT 160.32 79.32 Td (of ) Tj ET Q q 0 0 0 rg BT 171.15 79.32 Td (marketable ) Tj ET Q q 0 0 0 rg BT 218.06 79.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 79.32 Td (307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 79.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 65.43 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.99 65.43 Td (cash ) Tj ET Q q 0 0 0 rg BT 91.38 65.43 Td (pr) Tj ET Q q 0 0 0 rg BT 101.20 65.43 Td (ovided ) Tj ET Q q 0 0 0 rg BT 132.04 65.43 Td (by/\(used ) Tj ET Q q 0 0 0 rg BT 170.66 65.43 Td (in\) ) Tj ET Q q 0 0 0 rg BT 184.83 65.43 Td (investing ) Tj ET Q q 0 0 0 rg BT 225.67 65.43 Td (activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.15 65.43 Td (66) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.30 65.48 Td (\(2,964) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 65.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 24.60 Td (F-6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 749.25 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 164.50 725.25 Td (UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 283.68 725.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 317.30 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 323.42 725.25 Td (TEMENT OF) Tj ET Q q 0 0 0 rg BT 381.30 725.25 Td ( CASH FLOWS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 187.10 713.25 Td (for the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 217.10 713.25 Td (twelve) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 242.64 713.25 Td ( months ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.15 713.25 Td (December31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.80 713.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 364.30 713.25 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 384.30 713.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 404.86 713.25 Td (2013) Tj ET Q BT /F4 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 271.25 701.25 Td (\(In US$ millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 641.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 641.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 641.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 641.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 613.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 613.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 613.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 613.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 585.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 585.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 585.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 585.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 557.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 557.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 557.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 557.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 529.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 529.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 529.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 529.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 500.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 500.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 500.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 500.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 500.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 472.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 472.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 472.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 472.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 472.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 444.75 393.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 444.75 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 444.75 55.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 444.75 4.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 444.75 56.00 -7.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 423.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 423.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 423.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 423.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 423.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 395.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 395.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 395.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 395.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 395.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 367.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 367.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 367.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 367.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 367.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 339.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 339.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 339.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 339.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 339.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 311.75 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 311.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 311.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 311.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 311.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 458.75 m 443 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 444.75 m 443 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 458.75 m 447 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 444.75 m 447 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 458.75 m 502 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 444.75 m 502 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 458.75 m 506 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 444.75 m 506 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 458.75 m 562 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 444.75 m 562 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 395.75 m 443 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 395.75 m 447 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 395.75 m 502 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 395.75 m 506 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 395.75 m 562 395.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 367.75 m 443 367.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 353.75 m 443 353.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443 367.75 m 447 367.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443 353.75 m 447 353.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447 367.75 m 502 367.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447 353.75 m 502 353.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 367.75 m 506 367.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 353.75 m 506 353.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506 367.75 m 562 367.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506 353.75 m 562 353.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 660.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 669.48 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 659.48 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 646.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 646.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.50 646.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 632.43 Td (Cash ) Tj ET Q q 0 0 0 rg BT 76.67 632.43 Td (Flows ) Tj ET Q q 0 0 0 rg BT 104.17 632.43 Td (fr) Tj ET Q q 0 0 0 rg BT 111.85 632.43 Td (om ) Tj ET Q q 0 0 0 rg BT 127.59 632.43 Td (Financing ) Tj ET Q q 0 0 0 rg BT 172.60 632.43 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 632.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 632.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 618.32 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 103.10 618.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.04 618.32 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 618.32 Td (5,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 618.32 Td (7,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 604.32 Td (Repayments ) Tj ET Q q 0 0 0 rg BT 116.43 604.32 Td (of ) Tj ET Q q 0 0 0 rg BT 127.26 604.32 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 604.37 Td (\(4,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 604.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 604.37 Td (\(4,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 604.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 590.32 Td (Debt ) Tj ET Q q 0 0 0 rg BT 86.44 590.32 Td (fees ) Tj ET Q q 0 0 0 rg BT 105.04 590.32 Td (paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.80 590.37 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 590.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 590.37 Td (\(93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 590.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 576.32 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 103.10 576.32 Td (from ) Tj ET Q q 0 0 0 rg BT 125.04 576.32 Td (debt ) Tj ET Q q 0 0 0 rg BT 144.75 576.32 Td (to ) Tj ET Q q 0 0 0 rg BT 155.03 576.32 Td (related ) Tj ET Q q 0 0 0 rg BT 184.73 576.32 Td (party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 576.32 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 576.32 Td (756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 562.32 Td (Repayments ) Tj ET Q q 0 0 0 rg BT 116.43 562.32 Td (of ) Tj ET Q q 0 0 0 rg BT 127.26 562.32 Td (debt ) Tj ET Q q 0 0 0 rg BT 146.98 562.32 Td (to ) Tj ET Q q 0 0 0 rg BT 157.26 562.32 Td (related ) Tj ET Q q 0 0 0 rg BT 186.96 562.32 Td (party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.80 562.37 Td (\(910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 562.32 Td (\)) Tj ET 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Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 33.60 Td (F-7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 740.25 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 143.15 716.25 Td (UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.33 716.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 295.95 716.25 Td (A) Tj ET Q q 0 0 0 rg BT 302.07 716.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 365.51 716.25 Td ( CHANGES IN EQUITY) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 187.10 704.25 Td (for the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 217.10 704.25 Td (twelve) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 242.64 704.25 Td ( months ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.15 704.25 Td (December31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.80 704.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 364.30 704.25 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 384.30 704.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 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0.9333333333333333 1 rg /GS0 gs 231.50 504.75 4.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 504.75 49.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 504.75 4.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 504.75 56.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 504.75 4.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 504.75 62.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 504.75 4.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 504.75 43.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 504.75 4.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 504.75 42.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 504.75 4.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 504.75 29.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 504.75 4.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.50 504.75 36.00 -46.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 433.75 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 433.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 433.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 433.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 433.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 433.75 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 433.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 433.75 29.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.50 433.75 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 403.75 148.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 403.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 403.75 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 403.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 403.75 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 403.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 403.75 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 403.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 403.75 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 403.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 403.75 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 403.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 403.75 42.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 403.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 403.75 29.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 403.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.50 403.75 36.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 363.75 148.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 363.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 363.75 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 363.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 363.75 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 363.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 363.75 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 363.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 363.75 62.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 363.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 363.75 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 363.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 363.75 42.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 363.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 363.75 29.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 363.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.50 363.75 36.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 314.75 148.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 314.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 314.75 43.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 314.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 314.75 49.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 314.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 314.75 56.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 314.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 314.75 62.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 314.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 314.75 43.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 314.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 314.75 42.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 314.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 314.75 29.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 536.50 314.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 540.50 314.75 36.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 260.75 148.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 260.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 260.75 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 260.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 260.75 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 260.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 260.75 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 260.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 260.75 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 260.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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3 M 188.5 625.75 m 231.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 600.75 m 231.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 625.75 m 235.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 600.75 m 235.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 625.75 m 284.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 600.75 m 284.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 625.75 m 288.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 600.75 m 288.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 625.75 m 344.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 600.75 m 344.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 625.75 m 348.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 600.75 m 348.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 625.75 m 410.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 600.75 m 410.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 625.75 m 414.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 600.75 m 414.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 625.75 m 457.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 600.75 m 457.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 625.75 m 461.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 600.75 m 461.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 625.75 m 503.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 600.75 m 503.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 625.75 m 507.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 600.75 m 507.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 625.75 m 536.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 600.75 m 536.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 625.75 m 540.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 600.75 m 540.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540.5 625.75 m 576.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540.5 600.75 m 576.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 600.75 m 503.5 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 363.75 m 184.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 339.75 m 184.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 363.75 m 188.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 339.75 m 188.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 363.75 m 231.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 339.75 m 231.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 363.75 m 235.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 339.75 m 235.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 363.75 m 284.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 339.75 m 284.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 363.75 m 288.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 339.75 m 288.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 363.75 m 344.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 339.75 m 344.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 363.75 m 348.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 339.75 m 348.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 363.75 m 410.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 339.75 m 410.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 363.75 m 414.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 339.75 m 414.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 363.75 m 457.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 339.75 m 457.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 363.75 m 461.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 339.75 m 461.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 363.75 m 503.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 339.75 m 503.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 363.75 m 507.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 339.75 m 507.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 363.75 m 536.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 339.75 m 536.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 363.75 m 540.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 536.5 339.75 m 540.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540.5 363.75 m 576.5 363.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540.5 339.75 m 576.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 100.75 m 457.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 100.75 m 503.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 100.75 m 507.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 100.75 m 536.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 100.75 m 184.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 76.75 m 184.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 100.75 m 231.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 76.75 m 231.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 100.75 m 284.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 76.75 m 284.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 100.75 m 344.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 76.75 m 344.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 100.75 m 410.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 76.75 m 410.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 100.75 m 457.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 76.75 m 457.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 100.75 m 503.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 76.75 m 503.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 100.75 m 507.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 76.75 m 507.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 100.75 m 536.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 76.75 m 536.5 76.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540.5 100.75 m 576.5 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 540.5 76.75 m 576.5 76.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 630.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 191.75 639.20 Td (Common) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 197.30 630.20 Td (shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 238.95 648.20 Td (Additional) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.70 639.20 Td (paid-in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.50 630.20 Td (capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.20 639.20 Td (Contributed) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.70 630.20 Td (surplus) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.50 639.20 Td (Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.45 630.20 Td (OCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.25 639.20 Td (Retained) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.95 630.20 Td (earnings) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.15 657.20 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.95 648.20 Td (equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.80 639.20 Td (before) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.70 630.20 Td (NCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.20 630.20 Td (NCI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.15 639.20 Td (T) Tj ET Q q 0 0 0 rg BT 553.33 639.20 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 630.20 Td (equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 605.43 Td (Balance at December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.65 605.43 Td (938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.15 605.43 Td (2,332) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 605.43 Td (1,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 605.43 Td (194) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 605.43 Td (83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.10 605.43 Td (5,503) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.60 605.43 Td (521) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.10 605.43 Td (6,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 591.32 Td (Sale and purchase of treasury) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 581.37 Td (shares, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 583.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.30 583.42 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 583.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 583.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 583.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 583.47 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 583.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 583.42 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 558.42 Td (Share-based compensation charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 558.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 558.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 558.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 558.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 558.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 558.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 558.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 558.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 544.32 Td (Establishment of non-controlling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 534.32 Td (interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 544.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 544.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 544.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 544.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 544.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 544.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 544.32 Td (297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.60 544.32 Td (297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 519.32 Td (Issuance of common units by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 509.32 Td (seadrill Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 509.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 509.42 Td (228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 509.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 509.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 509.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 509.42 Td (228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 509.42 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.60 509.42 Td (365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 483.42 Td (Issuances of common units by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 473.42 Td (seadrill Partners LLC and impact) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 463.42 Td (on non-controlling interest.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.30 463.42 Td (\(102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 463.47 Td (\(102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 463.42 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 448.42 Td (Sale of drilling units to seadrill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 438.42 Td (Partners LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 438.42 Td (209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 438.42 Td (209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 438.47 Td (\(209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 438.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 423.42 Td (Other comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 423.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 423.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 423.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 423.42 Td (334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 423.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 423.42 Td (334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 423.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.60 423.42 Td (335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 408.42 Td (Dividend payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 408.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 408.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 408.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 408.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 408.47 Td (\(1,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 408.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 408.47 Td (\(1,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 408.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.30 408.47 Td (\(69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 408.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 408.42 Td (\(1,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 408.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 393.42 Td (Dividend to Non-controlling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 383.42 Td (interests in VIEs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 383.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 383.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 383.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 383.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 383.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 383.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 383.47 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 383.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 383.42 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 383.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 368.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 368.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 368.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 368.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 368.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.10 368.42 Td (2,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.10 368.42 Td (2,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 368.42 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.10 368.42 Td (2,786) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 344.43 Td (Balance at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.65 344.43 Td (938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.15 344.43 Td (2,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 344.43 Td (1,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 344.43 Td (528) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.10 344.43 Td (1,449) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.10 344.43 Td (7,512) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.60 344.43 Td (690) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.10 344.43 Td (8,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 329.42 Td (Sale and purchase of treasury) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 319.42 Td (shares, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.30 319.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.65 319.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.30 319.42 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.65 319.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 319.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 319.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 319.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 319.47 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 319.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 319.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 319.42 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 319.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 290.42 Td (Share-based compensation charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 290.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 290.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 290.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 290.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 290.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 290.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 290.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 290.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 276.32 Td (Employee stock options issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 276.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 276.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 276.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 276.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 276.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 276.32 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 276.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 276.32 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 240.42 Td (Conversion of convertible bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 240.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 240.42 Td (568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 240.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 240.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 240.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 240.42 Td (615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 240.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.60 240.42 Td (615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 225.42 Td (Deconsolidation of seadrill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 215.42 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 215.47 Td (\(115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 215.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 215.42 Td (\(115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 215.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 200.42 Td (Initial public offering of North) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 190.42 Td (Atlantic Drilling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 190.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 190.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 190.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 190.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 190.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 190.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 190.42 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.60 190.42 Td (115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 175.42 Td (Acquisition of West Polaris) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 175.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.30 175.42 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.65 175.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 175.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 175.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 175.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.30 175.47 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 175.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.30 175.47 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 175.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 175.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 175.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 150.42 Td (Sale of NCI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 150.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 150.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 150.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 150.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 150.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 150.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 150.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 150.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 135.42 Td (Other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 135.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 135.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 135.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 135.47 Td (\(976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 135.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 135.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 135.47 Td (\(976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 135.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.30 135.47 Td (\(55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 135.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 135.42 Td (\(1,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 135.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 120.42 Td (Dividend payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 120.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 120.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 120.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 120.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 120.47 Td (\(1,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 120.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 120.47 Td (\(1,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 120.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.30 120.47 Td (\(51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 120.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 120.42 Td (\(1,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 120.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 105.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 105.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 105.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 105.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 105.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.10 105.42 Td (3,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.10 105.42 Td (3,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 105.42 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.10 105.42 Td (4,087) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 81.43 Td (Balance at December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.65 81.43 Td (985) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.15 81.43 Td (3,258) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 81.43 Td (1,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.30 81.48 Td (\(448) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 81.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.10 81.43 Td (4,013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.10 81.43 Td (9,764) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.60 81.43 Td (626) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.10 81.43 Td (10,390) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 65.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 53.25 Td (See ) Tj ET Q q 0 0 0 rg BT 52.38 53.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 113.19 53.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 136.80 53.25 Td (that ) Tj ET Q q 0 0 0 rg BT 154.86 53.25 Td (ar) Tj ET Q q 0 0 0 rg BT 163.38 53.25 Td (e ) Tj ET Q q 0 0 0 rg BT 170.32 53.25 Td (an ) Tj ET Q q 0 0 0 rg BT 182.82 53.25 Td (integral ) Tj ET Q q 0 0 0 rg BT 216.98 53.25 Td (part ) Tj ET Q q 0 0 0 rg BT 236.15 53.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.43 53.25 Td (these ) Tj ET Q q 0 0 0 rg BT 269.48 53.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 325.31 53.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 366.69 53.25 Td (Statements.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 742.25 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 718.25 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 718.25 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 718.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 718.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 718.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 694.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 79.99 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 694.25 Td (General ) Tj ET Q q 0 0 0 rg BT 124.42 694.25 Td (information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.01 670.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 116.58 670.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.16 670.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 177.60 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 187.29 670.25 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 225.85 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.20 670.25 Td (is ) Tj ET Q q 0 0 0 rg BT 250.77 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 257.12 670.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 291.80 670.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 315.38 670.25 Td (company ) Tj ET Q q 0 0 0 rg BT 353.94 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 365.85 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.97 670.25 Td (New ) Tj ET Q q 0 0 0 rg BT 400.48 670.25 Td (Y) Tj ET Q q 0 0 0 rg BT 406.70 670.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 421.94 670.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 446.62 670.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 487.96 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.30 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.43 670.25 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 539.23 670.25 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 94.09 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 102.73 658.25 Td (e ) Tj ET Q q 0 0 0 rg BT 109.50 658.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 142.38 658.25 Td (of) Tj ET Q q 0 0 0 rg BT 150.53 658.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 177.86 658.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 209.64 658.25 Td (services ) Tj ET Q q 0 0 0 rg BT 244.18 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.29 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.85 658.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 281.74 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.51 658.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 314.18 658.25 Td (industry) Tj ET Q q 0 0 0 rg BT 346.31 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 350.63 658.25 Td (As ) Tj ET Q q 0 0 0 rg BT 364.08 658.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.74 658.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 433.16 658.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.16 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 455.50 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 469.49 658.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 498.49 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.26 658.25 Td (operated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.02 658.25 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 646.25 Td (fshore ) Tj ET Q q 0 0 0 rg BT 85.30 646.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 116.91 646.25 Td (units ) Tj ET Q q 0 0 0 rg BT 138.52 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.12 646.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.72 646.25 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.72 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.89 646.25 Td (units ) Tj ET Q q 0 0 0 rg BT 205.50 646.25 Td (under ) Tj ET Q q 0 0 0 rg BT 230.43 646.25 Td (construction. ) Tj ET Q q 0 0 0 rg BT 284.53 646.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 302.24 646.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 322.17 646.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 356.00 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.49 646.25 Td (drillships, ) Tj ET Q q 0 0 0 rg BT 408.38 646.25 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 440.53 646.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 457.70 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.30 646.25 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 547.00 646.25 Td (rigs ) Tj ET Q q 0 0 0 rg BT 564.50 646.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 634.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 108.32 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.59 634.25 Td (shallow ) Tj ET Q q 0 0 0 rg BT 152.20 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.14 634.25 Td (deepwater ) Tj ET Q q 0 0 0 rg BT 212.72 634.25 Td (areas, ) Tj ET Q q 0 0 0 rg BT 238.26 634.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.09 634.25 Td (well ) Tj ET Q q 0 0 0 rg BT 268.81 634.25 Td (as ) Tj ET Q q 0 0 0 rg BT 279.64 634.25 Td (benign ) Tj ET Q q 0 0 0 rg BT 309.36 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.29 634.25 Td (harsh ) Tj ET Q q 0 0 0 rg BT 350.45 634.25 Td (environments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.43 610.25 Td (used ) Tj ET Q q 0 0 0 rg BT 82.08 610.25 Td (herein, ) Tj ET Q q 0 0 0 rg BT 110.88 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.64 610.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 152.95 610.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 193.15 610.25 Td (required ) Tj ET Q q 0 0 0 rg BT 227.78 610.25 Td (by ) Tj ET Q q 0 0 0 rg BT 239.10 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.63 610.25 Td (context, ) Tj ET Q q 0 0 0 rg BT 285.88 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.42 610.25 Td (term ) Tj ET Q q 0 0 0 rg BT 319.06 610.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 360.36 610.25 Td (refers ) Tj ET Q q 0 0 0 rg BT 384.43 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.53 610.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 425.95 610.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 458.93 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.68 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.22 610.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 511.75 610.25 Td (Company, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 75.45 598.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 114.78 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 139.40 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.25 598.25 Td (words ) Tj ET Q q 0 0 0 rg BT 183.10 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.84 598.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 224.02 598.25 Td (import ) Tj ET Q q 0 0 0 rg BT 253.09 598.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 274.37 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.56 598.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 318.07 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.92 598.25 Td (its ) Tj ET Q q 0 0 0 rg BT 346.77 598.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 399.72 598.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 447.22 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 465.18 598.25 Td (use ) Tj ET Q q 0 0 0 rg BT 480.92 598.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 508.31 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.05 598.25 Td (such ) Tj ET Q q 0 0 0 rg BT 539.79 598.25 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.43 586.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 88.36 586.25 Td (or) Tj ET Q q 0 0 0 rg BT 96.51 586.25 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 142.77 586.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 159.03 586.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 172.52 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.95 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.49 586.25 Td (its, ) Tj ET Q q 0 0 0 rg BT 218.54 586.25 Td (or ) Tj ET Q q 0 0 0 rg BT 228.98 586.25 Td (references ) Tj ET Q q 0 0 0 rg BT 272.15 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.03 586.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 315.23 586.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 348.71 586.25 Td (is ) Tj ET Q q 0 0 0 rg BT 357.49 586.25 Td (not ) Tj ET Q q 0 0 0 rg BT 372.37 586.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 408.90 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.78 586.25 Td (be ) Tj ET Q q 0 0 0 rg BT 430.32 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 436.86 586.25 Td (precise ) Tj ET Q q 0 0 0 rg BT 467.28 586.25 Td (description ) Tj ET Q q 0 0 0 rg BT 513.82 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.25 586.25 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (relationships.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.17 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.45 550.25 Td (pr) Tj ET Q q 0 0 0 rg BT 92.97 550.25 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.32 526.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 110.54 526.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 142.19 526.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 195.51 526.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.27 526.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 278.26 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 293.25 526.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 319.35 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.90 526.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 377.64 526.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.20 526.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 438.18 526.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 475.92 526.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 522.57 526.25 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.70 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.83 514.25 Td (United ) Tj ET Q q 0 0 0 rg BT 105.97 514.25 Td (States ) Tj ET Q q 0 0 0 rg BT 132.78 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.38 514.25 Td (America ) Tj ET Q q 0 0 0 rg BT 180.73 514.25 Td (\(US ) Tj ET Q q 0 0 0 rg BT 199.76 514.25 Td (GAAP\). ) Tj ET Q q 0 0 0 rg BT 235.53 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 253.99 514.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 296.35 514.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 328.15 514.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 381.61 514.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.51 514.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 464.64 514.25 Td (do ) Tj ET Q q 0 0 0 rg BT 477.56 514.25 Td (not ) Tj ET Q q 0 0 0 rg BT 493.26 514.25 Td (include ) Tj ET Q q 0 0 0 rg BT 525.61 514.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.53 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 514.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 97.47 502.25 Td (required ) Tj ET Q q 0 0 0 rg BT 133.81 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.62 502.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 184.30 502.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 213.98 502.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 251.99 502.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 299.51 502.25 Td (These ) Tj ET Q q 0 0 0 rg BT 326.42 502.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 358.33 502.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.34 502.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 441.58 502.25 Td (should ) Tj ET Q q 0 0 0 rg BT 471.28 502.25 Td (be ) Tj ET Q q 0 0 0 rg BT 483.75 502.25 Td (read ) Tj ET Q q 0 0 0 rg BT 503.98 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.79 502.25 Td (conjunction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.03 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 85.61 490.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 114.52 490.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.75 490.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.22 490.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 216.80 490.25 Td (with ) Tj ET Q q 0 0 0 rg BT 236.83 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.30 490.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 271.89 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 284.14 490.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 308.06 490.25 Td (20-F ) Tj ET Q q 0 0 0 rg BT 329.21 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.79 490.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.26 490.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 407.60 490.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 432.18 490.25 Td (The ) Tj ET Q q 0 0 0 rg BT 449.98 490.25 Td (year) Tj ET Q q 0 0 0 rg BT 466.99 490.25 Td (-end ) Tj ET Q q 0 0 0 rg BT 487.01 490.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 531.47 490.25 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 73.48 478.25 Td (data ) Tj ET Q q 0 0 0 rg BT 93.06 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 110.98 478.25 Td (was ) Tj ET Q q 0 0 0 rg BT 129.46 478.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 162.38 478.25 Td (from ) Tj ET Q q 0 0 0 rg BT 184.75 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.00 478.25 Td (audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.37 478.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.37 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.29 478.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 294.20 478.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 339.34 478.25 Td (does ) Tj ET Q q 0 0 0 rg BT 360.60 478.25 Td (not ) Tj ET Q q 0 0 0 rg BT 376.31 478.25 Td (include ) Tj ET Q q 0 0 0 rg BT 408.67 478.25 Td (all ) Tj ET Q q 0 0 0 rg BT 421.60 478.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 468.96 478.25 Td (required ) Tj ET Q q 0 0 0 rg BT 505.21 478.25 Td (by ) Tj ET Q q 0 0 0 rg BT 518.14 478.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 91.27 466.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 130.32 466.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 167.13 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.74 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.80 466.25 Td (United ) Tj ET Q q 0 0 0 rg BT 219.86 466.25 Td (States ) Tj ET Q q 0 0 0 rg BT 245.58 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.35 466.25 Td (America. ) Tj ET Q q 0 0 0 rg BT 294.11 466.25 Td (In ) Tj ET Q q 0 0 0 rg BT 304.28 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.34 466.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 350.73 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.90 466.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 416.33 466.25 Td (all ) Tj ET Q q 0 0 0 rg BT 428.17 466.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 477.78 466.25 Td (\(consisting ) Tj ET Q q 0 0 0 rg BT 523.51 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.68 466.25 Td (normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 89.02 454.25 Td (adjustments\) ) Tj ET Q q 0 0 0 rg BT 142.50 454.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 188.20 454.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 229.44 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 243.48 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 250.30 454.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 266.55 454.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 307.25 454.25 Td (have ) Tj ET Q q 0 0 0 rg BT 328.51 454.25 Td (been ) Tj ET Q q 0 0 0 rg BT 349.76 454.25 Td (included. ) Tj ET Q q 0 0 0 rg BT 388.90 454.25 Td (The ) Tj ET Q q 0 0 0 rg BT 406.83 454.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 443.09 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 457.67 454.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 498.37 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 508.52 454.25 Td (United ) Tj ET Q q 0 0 0 rg BT 538.12 454.25 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 75.83 442.25 Td (\(US ) Tj ET Q q 0 0 0 rg BT 94.44 442.25 Td (dollar\) ) Tj ET Q q 0 0 0 rg BT 123.59 442.25 Td (rounded ) Tj ET Q q 0 0 0 rg BT 158.86 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.14 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.86 442.25 Td (nearest ) Tj ET Q q 0 0 0 rg BT 214.67 442.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 248.56 442.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 276.06 442.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 301.89 442.25 Td (otherwise.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 95.83 418.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 142.76 418.25 Td (policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.41 394.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 113.14 394.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 146.10 394.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 179.62 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.25 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.33 394.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 250.72 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.91 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.99 394.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 316.28 394.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 347.02 394.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.86 394.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 427.93 394.25 Td (are ) Tj ET Q q 0 0 0 rg BT 442.00 394.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 483.85 394.25 Td (with ) Tj ET Q q 0 0 0 rg BT 503.49 394.25 Td (those ) Tj ET Q q 0 0 0 rg BT 526.46 394.25 Td (followed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.24 382.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 121.89 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.34 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.80 382.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 176.57 382.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 208.13 382.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 260.79 382.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 297.89 382.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 342.23 382.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.01 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.35 382.25 Td (year ) Tj ET Q q 0 0 0 rg BT 389.68 382.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.67 382.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 473.88 382.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.88 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.00 382.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 523.12 382.25 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.93 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.21 370.25 Td (these ) Tj ET Q q 0 0 0 rg BT 120.26 370.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 162.19 370.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 193.57 370.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 231.05 370.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 275.77 370.25 Td (as ) Tj ET Q q 0 0 0 rg BT 286.60 370.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 321.85 370.25 Td (disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 334.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 79.99 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 334.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 118.87 334.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 170.26 334.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 180.63 334.25 Td (onouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Recently ) Tj ET Q q 0 0 0 rg BT 86.74 310.25 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 122.38 310.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 170.42 310.25 Td (Standar) Tj ET Q q 0 0 0 rg BT 201.72 310.25 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (Balance sheetEf) Tj ET Q q 0 0 0 rg BT 124.51 286.25 Td (fective January 1, 2014, the Company has adopted the accounting standards update that expands on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (recognition, measurement and disclosure obligations resulting from joint and several liability arrangements for which the total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (amount of the obligation is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (generally accepted accounting principles \(GAAP\). ) Tj ET Q q 0 0 0 rg BT 254.18 250.25 Td (The update requires measurement of the obligations resulting from joint and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (several liability arrangements for which the total amount of the obligation is fixed at the reporting date, as the sum of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (amount the entity agreed to pay on the basis of its arrangement and any additional amount the Company expects to pay on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (behalf of its co-obligors. ) Tj ET Q q 0 0 0 rg BT 150.63 214.25 Td (The update also requires an entity to disclose the nature, amount and other information of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (obligation. ) Tj ET Q q 0 0 0 rg BT 95.37 202.25 Td (The update was ef) Tj ET Q q 0 0 0 rg BT 168.21 202.25 Td (fective for interim and annual periods beginning on or after December 15, 2013. ) Tj ET Q q 0 0 0 rg BT 491.16 202.25 Td (As a result, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Company has disclosed relevant obligations in Note 13.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Recently ) Tj ET Q q 0 0 0 rg BT 86.92 166.25 Td (Issued ) Tj ET Q q 0 0 0 rg BT 114.79 166.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 162.83 166.25 Td (Standar) Tj ET Q q 0 0 0 rg BT 194.13 166.25 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 142.25 Td (April 2014, the Financial ) Tj ET Q q 0 0 0 rg BT 162.76 142.25 Td (Accounting Standards Board \(F) Tj ET Q q 0 0 0 rg BT 288.95 142.25 Td (ASB\) issued ) Tj ET Q q 0 0 0 rg BT 341.18 142.25 Td (Accounting Standards Update \(ASU\) 2014-08,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.64 142.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (Reporting Discontinued Operations and Disclosur) Tj ET Q q 0 0 0 rg BT 251.84 130.25 Td (es of Disposals of Components of an Entity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.34 130.25 Td (, which amends the criteria for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (reporting discontinued operations to include only disposals representing a strategic shift in operations. ) Tj ET Q q 0 0 0 rg BT 460.84 118.25 Td (The ) Tj ET Q q 0 0 0 rg BT 478.33 118.25 Td (ASU also requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (expanded disclosures regarding the assets, liabilities, income, and expenses of discontinued operations. ) Tj ET Q q 0 0 0 rg BT 464.71 106.25 Td (This ) Tj ET Q q 0 0 0 rg BT 484.44 106.25 Td (ASU will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 94.25 Td (fective for the first interim period beginning after December 15, 2014 and early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 467.83 94.25 Td (The Company does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (expect the adoption of this standard to have a material impact on its consolidated financial statements and related disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 126.20 58.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 175.10 58.25 Td (ASU 2014-09,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 233.43 58.25 Td ( Revenue fr) Tj ET Q q 0 0 0 rg BT 278.59 58.25 Td (om Contracts with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.77 58.25 Td (, which provides new authoritative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (guidance on the methods of revenue recognition and related disclosure requirements. ) Tj ET Q q 0 0 0 rg BT 394.42 46.25 Td (The accounting standard update will be ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 742.10 Td (fective for the first interim period beginning after December 15, 2016 and early adoption is not permitted. ) Tj ET Q q 0 0 0 rg BT 485.61 742.10 Td (The Company is in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the process of evaluating the impact of this standard update on its consolidated financial statements and related disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 701.10 Td (August 2014, the F) Tj ET Q q 0 0 0 rg BT 136.21 701.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 185.11 701.10 Td (ASU 2014-15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 245.94 701.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 284.46 701.10 Td (e of Uncertainties about an Entity) Tj ET Q q 0 0 0 rg BT 422.31 701.10 Td (s ) Tj ET Q q 0 0 0 rg BT 428.53 701.10 Td (Ability to Continue as a Going ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (Concern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.44 689.10 Td (, which provides new authoritative guidance with regards to management's responsibility to assess an entity's ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (continue as a going concern, and to provide related footnote disclosures in certain circumstances. ) Tj ET Q q 0 0 0 rg BT 440.80 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 458.29 677.10 Td (ASU will be ef) Tj ET Q q 0 0 0 rg BT 518.38 677.10 Td (fective for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (all entities in the first annual period ending after December 15, 2016 \(December 31, 2016 for calendar year) Tj ET Q q 0 0 0 rg BT 478.24 665.10 Td (-end entities\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (early adoption is permitted. ) Tj ET Q q 0 0 0 rg BT 162.29 653.10 Td (The Company does not expect the adoption of this standard to have a material impact on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (consolidated financial statements and related disclosures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (In January 2015, the F) Tj ET Q q 0 0 0 rg BT 138.96 607.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 187.87 607.10 Td (ASU 2015-01, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 248.70 607.10 Td (Income Statement - Extraor) Tj ET Q q 0 0 0 rg BT 359.13 607.10 Td (dinary and Unusual Items \(Subtopic 225-20\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (Simplifying Income Statement Pr) Tj ET Q q 0 0 0 rg BT 181.54 595.10 Td (esentation by Eliminating the Concept of Extraor) Tj ET Q q 0 0 0 rg BT 378.36 595.10 Td (dinary Items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.63 595.10 Td (, which eliminated the concept of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (extraordinary items. ) Tj ET Q q 0 0 0 rg BT 132.85 583.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.34 583.10 Td (ASU will be ef) Tj ET Q q 0 0 0 rg BT 210.43 583.10 Td (fective for fiscal years, and interim periods within those fiscal years, beginning after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (December 15, 2015. ) Tj ET Q q 0 0 0 rg BT 135.90 571.10 Td (The Company does not expect the adoption of this standard to have a material impact on its consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (financial statements and related disclosures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 525.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 525.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 79.99 525.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 525.10 Td (Segment ) Tj ET Q q 0 0 0 rg BT 126.65 525.10 Td (information) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 501.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 501.10 Td (segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.60 477.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.54 477.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 145.02 477.10 Td (of) Tj ET Q q 0 0 0 rg BT 153.17 477.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 180.21 477.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 211.71 477.10 Td (services ) Tj ET Q q 0 0 0 rg BT 245.97 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.80 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.06 477.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 282.67 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.16 477.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 314.54 477.10 Td (industry) Tj ET Q q 0 0 0 rg BT 346.67 477.10 Td (. ) Tj ET Q q 0 0 0 rg BT 351.22 477.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 368.82 477.10 Td (business ) Tj ET Q q 0 0 0 rg BT 404.77 477.10 Td (has ) Tj ET Q q 0 0 0 rg BT 420.15 477.10 Td (been ) Tj ET Q q 0 0 0 rg BT 441.07 477.10 Td (or) Tj ET Q q 0 0 0 rg BT 449.22 477.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 482.37 477.10 Td (into ) Tj ET Q q 0 0 0 rg BT 499.98 477.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 539.24 477.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.96 465.10 Td (dif) Tj ET Q q 0 0 0 rg BT 72.88 465.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 108.14 465.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.88 465.10 Td (management ) Tj ET Q q 0 0 0 rg BT 170.92 465.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 207.86 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.26 465.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 265.37 465.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 306.20 465.10 Td (characteristics, ) Tj ET Q q 0 0 0 rg BT 367.84 465.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 406.45 465.10 Td (base, ) Tj ET Q q 0 0 0 rg BT 428.67 465.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 450.07 465.10 Td (class, ) Tj ET Q q 0 0 0 rg BT 473.96 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.36 465.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 524.51 465.10 Td (structure. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 453.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 453.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 104.17 453.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 136.09 453.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.37 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.09 453.10 Td (following ) Tj ET Q q 0 0 0 rg BT 202.48 453.10 Td (three ) Tj ET Q q 0 0 0 rg BT 224.96 453.10 Td (segments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (Floaters: ) Tj ET Q q 0 0 0 rg BT 87.24 429.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 123.35 429.10 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 182.25 429.10 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 216.43 429.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 263.66 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.34 429.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 333.11 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.68 429.10 Td (of) Tj ET Q q 0 0 0 rg BT 351.83 429.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 379.06 429.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 426.84 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.52 429.10 Td (production ) Tj ET Q q 0 0 0 rg BT 489.08 429.10 Td (wells. ) Tj ET Q q 0 0 0 rg BT 514.77 429.10 Td (The ) Tj ET Q q 0 0 0 rg BT 532.56 429.10 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 89.10 417.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.76 417.10 Td (this ) Tj ET Q q 0 0 0 rg BT 121.22 417.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 157.54 417.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 182.75 417.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.53 417.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 267.08 417.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 285.08 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.53 417.10 Td (drillships ) Tj ET Q q 0 0 0 rg BT 342.76 417.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.42 417.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 382.09 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.53 417.10 Td (benign ) Tj ET Q q 0 0 0 rg BT 429.75 417.10 Td (environments ) Tj ET Q q 0 0 0 rg BT 487.19 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.97 417.10 Td (mid-, ) Tj ET Q q 0 0 0 rg BT 522.36 417.10 Td (deep- ) Tj ET Q q 0 0 0 rg BT 547.58 417.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (ultra-deep ) Tj ET Q q 0 0 0 rg BT 93.03 405.10 Td (waters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 84.46 381.10 Td (rigs: ) Tj ET Q q 0 0 0 rg BT 105.59 381.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 142.83 381.10 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 202.84 381.10 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 238.14 381.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 286.49 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.29 381.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 358.18 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.86 381.10 Td (of) Tj ET Q q 0 0 0 rg BT 378.01 381.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 406.36 381.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 455.26 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.06 381.10 Td (production ) Tj ET Q q 0 0 0 rg BT 519.74 381.10 Td (wells. ) Tj ET Q q 0 0 0 rg BT 546.47 381.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.94 369.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 120.54 369.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.70 369.10 Td (this ) Tj ET Q q 0 0 0 rg BT 151.65 369.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 187.47 369.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 212.17 369.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.45 369.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 254.94 369.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 272.44 369.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.60 369.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 330.75 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.03 369.10 Td (harsh ) Tj ET Q q 0 0 0 rg BT 365.19 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.13 369.10 Td (benign ) Tj ET Q q 0 0 0 rg BT 411.85 369.10 Td (environments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 345.10 Td (ender ) Tj ET Q q 0 0 0 rg BT 80.41 345.10 Td (rigs: ) Tj ET Q q 0 0 0 rg BT 100.98 345.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 137.64 345.10 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 197.09 345.10 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 231.82 345.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 279.60 345.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.83 345.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 350.15 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.27 345.10 Td (of) Tj ET Q q 0 0 0 rg BT 369.42 345.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 397.20 345.10 Td (production ) Tj ET Q q 0 0 0 rg BT 443.32 345.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 467.22 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.79 345.10 Td (Southeast ) Tj ET Q q 0 0 0 rg BT 518.85 345.10 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 542.27 345.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.90 345.10 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (Africa ) Tj ET Q q 0 0 0 rg BT 78.44 333.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.79 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.27 333.10 Td (Americas. ) Tj ET Q q 0 0 0 rg BT 153.79 333.10 Td (The ) Tj ET Q q 0 0 0 rg BT 172.24 333.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 204.59 333.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 243.59 333.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.16 333.10 Td (this ) Tj ET Q q 0 0 0 rg BT 275.52 333.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 311.75 333.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 336.86 333.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.55 333.10 Td (self-erecting ) Tj ET Q q 0 0 0 rg BT 400.43 333.10 Td (tender ) Tj ET Q q 0 0 0 rg BT 428.32 333.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 446.23 333.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.57 333.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 537.02 333.10 Td (tender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 70.36 321.10 Td ( ) Tj ET Q q 0 0 0 rg BT 73.21 321.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 117.18 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.26 321.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 198.43 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.62 321.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 243.58 321.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 279.20 321.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.39 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.57 321.10 Td (January ) Tj ET Q q 0 0 0 rg BT 335.53 321.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 345.88 321.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 368.74 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.81 321.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.55 321.10 Td (no ) Tj ET Q q 0 0 0 rg BT 438.41 321.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 466.81 321.10 Td (has ) Tj ET Q q 0 0 0 rg BT 483.00 321.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 515.29 321.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 554.24 321.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 309.10 Td (T) Tj ET Q q 0 0 0 rg BT 69.95 309.10 Td (ender ) Tj ET Q q 0 0 0 rg BT 94.65 309.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 108.26 309.10 Td (segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (Segment ) Tj ET Q q 0 0 0 rg BT 87.50 285.10 Td (results ) Tj ET Q q 0 0 0 rg BT 116.12 285.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.84 285.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 171.66 285.10 Td (on ) Tj ET Q q 0 0 0 rg BT 184.17 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.90 285.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 221.41 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.25 285.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 272.52 285.10 Td (profit, ) Tj ET Q q 0 0 0 rg BT 299.75 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.69 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.42 285.10 Td (information ) Tj ET Q q 0 0 0 rg BT 381.14 285.10 Td (given ) Tj ET Q q 0 0 0 rg BT 405.87 285.10 Td (below ) Tj ET Q q 0 0 0 rg BT 432.82 285.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.00 285.10 Td (based ) Tj ET Q q 0 0 0 rg BT 467.28 285.10 Td (on ) Tj ET Q q 0 0 0 rg BT 479.79 285.10 Td (information ) Tj ET Q q 0 0 0 rg BT 529.51 285.10 Td (used ) Tj ET Q q 0 0 0 rg BT 550.35 285.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 82.52 273.10 Td (management ) Tj ET Q q 0 0 0 rg BT 135.58 273.10 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 176.57 273.10 Td (T) Tj ET Q q 0 0 0 rg BT 181.98 273.10 Td (o ) Tj ET Q q 0 0 0 rg BT 188.96 273.10 Td (more ) Tj ET Q q 0 0 0 rg BT 211.48 273.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 241.78 273.10 Td (align ) Tj ET Q q 0 0 0 rg BT 263.76 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.95 273.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 313.25 273.10 Td (results ) Tj ET Q q 0 0 0 rg BT 341.34 273.10 Td (with ) Tj ET Q q 0 0 0 rg BT 361.09 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.28 273.10 Td (information ) Tj ET Q q 0 0 0 rg BT 424.47 273.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 464.77 273.10 Td (for ) Tj ET Q q 0 0 0 rg BT 478.40 273.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 510.92 273.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 90.88 261.10 Td (we ) Tj ET Q q 0 0 0 rg BT 104.27 261.10 Td (have ) Tj ET Q q 0 0 0 rg BT 124.87 261.10 Td (made ) Tj ET Q q 0 0 0 rg BT 148.25 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.19 261.10 Td (following ) Tj ET Q q 0 0 0 rg BT 202.81 261.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 236.74 261.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.25 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.19 261.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 299.12 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.18 261.10 Td (segmental ) Tj ET Q q 0 0 0 rg BT 351.45 261.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 403.69 261.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.20 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.14 261.10 Td (period: ) Tj ET Q q 0 0 0 rg BT 457.07 261.10 Td (T) Tj ET Q q 0 0 0 rg BT 462.48 261.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 479.20 261.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 516.46 261.10 Td (\(previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 89.75 249.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 123.39 249.10 Td (revenue\); 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J 0 j 3 M 502.5 511.75 m 506.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 511.75 m 562.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 511.75 m 323.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 497.75 m 323.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 511.75 m 327.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 497.75 m 327.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 511.75 m 383.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 497.75 m 383.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 511.75 m 387.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 497.75 m 387.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 511.75 m 442.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 497.75 m 442.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 511.75 m 446.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 497.75 m 446.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 511.75 m 502.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 497.75 m 502.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 511.75 m 506.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 497.75 m 506.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 511.75 m 562.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 497.75 m 562.5 497.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 455.75 m 323.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 441.75 m 323.5 441.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 455.75 m 327.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 441.75 m 327.5 441.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 455.75 m 383.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 441.75 m 383.5 441.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 455.75 m 387.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 441.75 m 387.5 441.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 455.75 m 442.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 441.75 m 442.5 441.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 455.75 m 446.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 441.75 m 446.5 441.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 455.75 m 502.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 441.75 m 502.5 441.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 455.75 m 506.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 441.75 m 506.5 441.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 455.75 m 562.5 455.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 441.75 m 562.5 441.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 586.46 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.00 595.48 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 585.48 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 595.48 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 585.48 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 572.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 572.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 572.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 572.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 572.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.32 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 558.32 Td (523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 558.32 Td (431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 558.32 Td (1,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 558.32 Td (1,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 544.32 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 544.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 544.37 Td (\(73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 544.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 544.32 Td (110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 544.32 Td (275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 544.32 Td (450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 530.32 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 530.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 530.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 530.32 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 530.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 530.32 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 516.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 516.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 516.32 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 516.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 502.43 Td (Operating ) Tj ET Q q 0 0 0 rg BT 99.39 502.43 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 502.43 Td (452) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 502.43 Td (568) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 502.43 Td (2,279) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 502.43 Td (2,098) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 488.31 Td (Unallocated ) Tj ET Q q 0 0 0 rg BT 104.93 488.31 Td (items:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 488.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 488.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 488.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 488.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 474.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 474.32 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.91 474.32 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.39 474.32 Td (items ) Tj ET Q q 0 0 0 rg BT 137.55 474.32 Td (and ) Tj ET Q q 0 0 0 rg BT 154.49 474.32 Td (other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.30 474.37 Td (\(251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 474.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.30 474.37 Td (\(286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 474.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 474.32 Td (1,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 474.32 Td (842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 460.32 Td (Income ) Tj ET Q q 0 0 0 rg BT 85.49 460.32 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 460.37 Td (\(51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 460.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.30 460.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 460.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 460.37 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 460.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 460.37 Td (\(154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 460.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 446.43 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 446.43 Td (Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 446.43 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 446.43 Td (281) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 446.43 Td (4,087) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 446.43 Td (2,786) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 85.29 418.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 110.02 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.08 418.25 Td (Newbuildings ) Tj ET Q q 0 0 0 rg BT 187.26 418.25 Td (- ) Tj ET Q q 0 0 0 rg BT 193.09 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 198.28 418.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 215.97 418.25 Td (Assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.75 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 383.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 383.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 383.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 383.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 355.75 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 355.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 355.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 355.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 355.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 324.75 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 324.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 324.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 324.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 324.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 296.75 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 296.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 296.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 296.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 296.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 268.75 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 268.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 268.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 268.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 268.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 240.75 338.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 240.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 240.75 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 240.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 240.75 78.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 341.75 m 388.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 324.75 m 388.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 341.75 m 392.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 324.75 m 392.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 341.75 m 480.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 324.75 m 480.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 341.75 m 484.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 324.75 m 484.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 341.75 m 562.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 324.75 m 562.5 324.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 226.75 m 388.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 212.75 m 388.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 226.75 m 392.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 212.75 m 392.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 226.75 m 480.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 212.75 m 480.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 226.75 m 484.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 212.75 m 484.5 212.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 226.75 m 562.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 212.75 m 562.5 212.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 388.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 388.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 388.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.40 398.43 Td (As of December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.00 388.43 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.40 398.43 Td (As of December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 388.43 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 374.32 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 374.32 Td (12,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 374.32 Td (15,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 360.32 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 360.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 360.32 Td (4,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 360.32 Td (4,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 346.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 346.32 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 346.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 346.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 346.32 Td (454) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 329.43 Td (T) Tj ET Q q 0 0 0 rg BT 59.21 329.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 77.36 329.43 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 113.20 329.43 Td (Units ) Tj ET Q q 0 0 0 rg BT 138.48 329.43 Td (and ) Tj ET Q q 0 0 0 rg BT 157.10 329.43 Td (Newbuildings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 329.43 Td (17,175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 329.43 Td (20,612) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 315.31 Td (Unallocated ) Tj ET Q q 0 0 0 rg BT 104.93 315.31 Td (items:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 301.32 Td (Assets ) Tj ET Q q 0 0 0 rg BT 81.61 301.32 Td (held ) Tj ET Q q 0 0 0 rg BT 101.33 301.32 Td (for ) Tj ET Q q 0 0 0 rg BT 115.49 301.32 Td (sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 301.32 Td (1,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 301.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 287.32 Td (Investments in associated companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 287.32 Td (2,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 287.32 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 273.32 Td (Marketable ) Tj ET Q q 0 0 0 rg BT 101.03 273.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 273.32 Td (751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 273.32 Td (1,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 259.32 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 259.32 Td (604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 259.32 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 245.32 Td (Cash ) Tj ET Q q 0 0 0 rg BT 75.50 245.32 Td (and ) Tj ET Q q 0 0 0 rg BT 92.44 245.32 Td (restricted ) Tj ET Q q 0 0 0 rg BT 132.14 245.32 Td (cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 245.32 Td (1,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 245.32 Td (1,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 231.32 Td (Other ) Tj ET Q q 0 0 0 rg BT 78.27 231.32 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 231.32 Td (2,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 231.32 Td (2,204) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 217.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 217.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.81 217.43 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 217.43 Td (26,506) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 217.43 Td (26,300) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (Goodwill) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 145.75 348.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 145.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 145.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 145.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 145.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 117.75 348.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 117.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 117.75 78.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 117.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 117.75 78.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 103.75 m 398.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 89.75 m 398.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 103.75 m 402.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 89.75 m 402.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 103.75 m 480.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 89.75 m 480.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 103.75 m 484.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 89.75 m 484.5 89.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 103.75 m 562.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 89.75 m 562.5 89.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 150.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 150.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 150.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.40 160.43 Td (As of December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.00 150.43 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.40 160.43 Td (As of December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 150.43 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 136.32 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 136.32 Td (604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 136.32 Td (890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 122.32 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 122.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 122.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 122.32 Td (281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 108.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 108.32 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 108.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 108.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 108.32 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 94.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 94.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 94.43 Td (604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 94.43 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.70 31.60 Td (F-1) Tj ET Q q 0 0 0 rg BT 310.22 31.60 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 82.50 742.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 137.78 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 145.28 742.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 168.33 742.25 Td (assets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 694.75 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 694.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 694.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 694.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 694.75 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 666.75 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 666.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 666.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 666.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 666.75 68.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 652.75 m 416.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 638.75 m 416.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 652.75 m 420.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 638.75 m 420.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 652.75 m 490.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 638.75 m 490.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 652.75 m 494.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 638.75 m 494.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 652.75 m 562.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 638.75 m 562.5 638.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 713.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 713.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 713.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.30 722.48 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 712.48 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 699.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 699.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 699.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.32 Td (Floaters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 685.32 Td (2,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 685.32 Td (3,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 671.32 Td (Jack-up ) Tj ET Q q 0 0 0 rg BT 86.60 671.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 671.32 Td (776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 671.32 Td (1,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 657.32 Td (ender ) Tj ET Q q 0 0 0 rg BT 83.12 657.32 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 657.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 657.32 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 643.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 643.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 643.43 Td (3,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 643.43 Td (4,699) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 603.25 Td (Note 4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 603.25 Td ( - Deconsolidation of seadrill Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 76.88 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.99 579.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 115.10 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.32 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.43 579.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 180.89 579.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 227.20 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.42 579.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 270.42 579.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 305.08 579.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 325.85 579.25 Td (\(seadrill ) Tj ET Q q 0 0 0 rg BT 362.18 579.25 Td (Partners\) ) Tj ET Q q 0 0 0 rg BT 400.17 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.28 579.25 Td (board ) Tj ET Q q 0 0 0 rg BT 438.94 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.16 579.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 486.03 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.25 579.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 529.25 579.25 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.25 Td (has ) Tj ET Q q 0 0 0 rg BT 65.88 567.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.65 567.25 Td (power ) Tj ET Q q 0 0 0 rg BT 108.20 567.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.53 567.25 Td (oversee ) Tj ET Q q 0 0 0 rg BT 151.62 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.61 567.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 193.93 567.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.70 567.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 252.91 567.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 266.29 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.29 567.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 316.93 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.93 567.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 376.46 567.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.23 567.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 431.55 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.54 567.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 482.20 567.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.08 567.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 526.74 567.25 Td (Partners. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.11 555.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.10 555.25 Td (period ) Tj ET Q q 0 0 0 rg BT 121.42 555.25 Td (from ) Tj ET Q q 0 0 0 rg BT 142.64 555.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 175.52 555.25 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 211.86 555.25 Td (IPO ) Tj ET Q q 0 0 0 rg BT 229.75 555.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.31 555.25 Td (October ) Tj ET Q q 0 0 0 rg BT 273.29 555.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 295.07 555.25 Td (until ) Tj ET Q q 0 0 0 rg BT 315.18 555.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.17 555.25 Td (time ) Tj ET Q q 0 0 0 rg BT 348.72 555.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.83 555.25 Td (its ) Tj ET Q q 0 0 0 rg BT 370.05 555.25 Td (first ) Tj ET Q q 0 0 0 rg BT 387.94 555.25 Td (ef) Tj ET Q q 0 0 0 rg BT 395.53 555.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 424.11 555.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 455.33 555.25 Td (General ) Tj ET Q q 0 0 0 rg BT 488.75 555.25 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 523.85 555.25 Td (\("AGM"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.36 543.25 Td (January2, ) Tj ET Q q 0 0 0 rg BT 105.82 543.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.82 543.25 Td (, ) Tj ET Q q 0 0 0 rg BT 130.67 543.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.25 543.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.49 543.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 221.05 543.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.63 543.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 254.10 543.25 Td (power ) Tj ET Q q 0 0 0 rg BT 281.45 543.25 Td (to ) Tj ET Q q 0 0 0 rg BT 291.58 543.25 Td (appoint, ) Tj ET Q q 0 0 0 rg BT 326.44 543.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 358.78 543.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.58 543.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 406.80 543.25 Td (all ) Tj ET Q q 0 0 0 rg BT 419.15 543.25 Td (members ) Tj ET Q q 0 0 0 rg BT 458.16 543.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.85 543.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 502.31 543.25 Td (Partner's ) Tj ET Q q 0 0 0 rg BT 539.24 543.25 Td (board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.97 531.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 99.10 531.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.75 531.25 Td (From ) Tj ET Q q 0 0 0 rg BT 124.06 531.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.92 531.25 Td (first ) Tj ET Q q 0 0 0 rg BT 155.31 531.25 Td (AGM, ) Tj ET Q q 0 0 0 rg BT 182.79 531.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.66 531.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 232.18 531.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.16 531.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.02 531.25 Td (board ) Tj ET Q q 0 0 0 rg BT 280.43 531.25 Td (members ) Tj ET Q q 0 0 0 rg BT 318.73 531.25 Td (became ) Tj ET Q q 0 0 0 rg BT 350.91 531.25 Td (electable ) Tj ET Q q 0 0 0 rg BT 388.08 531.25 Td (by ) Tj ET Q q 0 0 0 rg BT 399.72 531.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.58 531.25 Td (common ) Tj ET Q q 0 0 0 rg BT 450.22 531.25 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 496.86 531.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.95 531.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 559.50 531.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.00 519.25 Td (this ) Tj ET Q q 0 0 0 rg BT 89.00 519.25 Td (date ) Tj ET Q q 0 0 0 rg BT 108.21 519.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.99 519.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.43 519.25 Td (no ) Tj ET Q q 0 0 0 rg BT 176.99 519.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 205.10 519.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 239.86 519.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.63 519.25 Td (power ) Tj ET Q q 0 0 0 rg BT 282.18 519.25 Td (to ) Tj ET Q q 0 0 0 rg BT 292.51 519.25 Td (control ) Tj ET Q q 0 0 0 rg BT 323.40 519.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.17 519.25 Td (board ) Tj ET Q q 0 0 0 rg BT 363.50 519.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.38 519.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 411.93 519.25 Td (as ) Tj ET Q q 0 0 0 rg BT 422.82 519.25 Td (a ) Tj ET Q q 0 0 0 rg BT 429.81 519.25 Td (result ) Tj ET Q q 0 0 0 rg BT 454.59 519.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.47 519.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 495.23 519.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 539.46 519.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 519.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.21 507.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 139.48 507.25 Td (which ) Tj ET Q q 0 0 0 rg BT 166.77 507.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 192.41 507.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.48 507.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 254.91 507.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 283.31 507.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.94 507.25 Td (vote ) Tj ET Q q 0 0 0 rg BT 314.01 507.25 Td (its ) Tj ET Q q 0 0 0 rg BT 326.31 507.25 Td (full ) Tj ET Q q 0 0 0 rg BT 343.05 507.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 376.46 507.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.64 507.25 Td (common ) Tj ET Q q 0 0 0 rg BT 425.48 507.25 Td (units ) Tj ET Q q 0 0 0 rg BT 447.78 507.25 Td (in ) Tj ET Q q 0 0 0 rg BT 458.41 507.25 Td (an ) Tj ET Q q 0 0 0 rg BT 470.70 507.25 Td (election ) Tj ET Q q 0 0 0 rg BT 505.21 507.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.39 507.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 554.22 507.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.23 495.25 Td (board ) Tj ET Q q 0 0 0 rg BT 89.01 495.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.36 495.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 132.48 495.25 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 169.76 495.25 Td ( ) Tj ET Q q 0 0 0 rg BT 171.33 495.25 Td (As ) Tj ET Q q 0 0 0 rg BT 184.46 495.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.80 495.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.81 495.25 Td (January2, ) Tj ET Q q 0 0 0 rg BT 239.93 495.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.93 495.25 Td (, ) Tj ET Q q 0 0 0 rg BT 264.44 495.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 297.56 495.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 332.34 495.25 Td (is ) Tj ET Q q 0 0 0 rg BT 341.03 495.25 Td ( ) Tj ET Q q 0 0 0 rg BT 343.04 495.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 388.37 495.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.16 495.25 Td (be ) Tj ET Q q 0 0 0 rg BT 409.61 495.25 Td (an ) Tj ET Q q 0 0 0 rg BT 421.07 495.25 Td (af) Tj ET Q q 0 0 0 rg BT 428.65 495.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 458.99 495.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 483.78 495.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.23 495.25 Td (not ) Tj ET Q q 0 0 0 rg BT 515.02 495.25 Td (a ) Tj ET Q q 0 0 0 rg BT 521.47 495.25 Td (controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.61 483.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.44 483.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.16 483.25 Td (Company) Tj ET Q q 0 0 0 rg BT 157.39 483.25 Td (, ) Tj ET Q q 0 0 0 rg BT 162.39 483.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.33 483.25 Td (as ) Tj ET Q q 0 0 0 rg BT 190.16 483.25 Td (such ) Tj ET Q q 0 0 0 rg BT 210.99 483.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 244.59 483.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 279.86 483.25 Td (was ) Tj ET Q q 0 0 0 rg BT 297.92 483.25 Td (deconsolidated ) Tj ET Q q 0 0 0 rg BT 360.40 483.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.90 483.25 Td (by ) Tj ET Q q 0 0 0 rg BT 375.40 483.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.11 483.25 Td (Company) Tj ET Q q 0 0 0 rg BT 428.35 483.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.20 461.25 Td (a ) Tj ET Q q 0 0 0 rg BT 69.72 461.25 Td (result ) Tj ET Q q 0 0 0 rg BT 94.03 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.44 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.75 461.25 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 184.15 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.46 461.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.43 461.25 Td (has ) Tj ET Q q 0 0 0 rg BT 254.85 461.25 Td (derecognized ) Tj ET Q q 0 0 0 rg BT 310.23 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.54 461.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.95 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.48 461.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 405.78 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.20 461.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 449.39 461.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 484.24 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.77 461.25 Td (its ) Tj ET Q q 0 0 0 rg BT 512.30 461.25 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 449.25 Td (has ) Tj ET Q q 0 0 0 rg BT 82.63 449.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 128.92 449.25 Td (its ) Tj ET Q q 0 0 0 rg BT 140.80 449.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 184.89 449.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 220.64 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.85 449.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 264.38 449.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 299.58 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.45 449.25 Td (its ) Tj ET Q q 0 0 0 rg BT 328.32 449.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 353.52 449.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 397.60 449.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 433.36 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.57 449.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 477.10 449.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 512.30 449.25 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.56 437.25 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 126.01 437.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 165.13 437.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 188.98 437.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 222.54 437.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 264.99 437.25 Td (LP) Tj ET Q q 0 0 0 rg BT 275.55 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 280.51 437.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 314.07 437.25 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 359.83 437.25 Td (Drillship ) Tj ET Q q 0 0 0 rg BT 397.85 437.25 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 414.19 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.09 437.25 Td (its ) Tj ET Q q 0 0 0 rg BT 443.00 437.25 Td (indirect ) Tj ET Q q 0 0 0 rg BT 476.00 437.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 520.11 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.90 437.25 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (Mobile ) Tj ET Q q 0 0 0 rg BT 81.88 425.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 106.54 425.25 Td (through ) Tj ET Q q 0 0 0 rg BT 140.63 425.25 Td (another ) Tj ET Q q 0 0 0 rg BT 173.61 425.25 Td (wholly ) Tj ET Q q 0 0 0 rg BT 204.38 425.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 234.03 425.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 274.49 425.25 Td (, ) Tj ET Q q 0 0 0 rg BT 279.98 425.25 Td (at ) Tj ET Q q 0 0 0 rg BT 290.18 425.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 307.05 425.25 Td (value ) Tj ET Q q 0 0 0 rg BT 331.69 425.25 Td (at ) Tj ET Q q 0 0 0 rg BT 341.90 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.11 425.25 Td (date ) Tj ET Q q 0 0 0 rg BT 376.75 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.07 425.25 Td (deconsolidation. ) Tj ET Q q 0 0 0 rg BT 456.88 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 459.21 425.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 509.11 425.25 Td (, ) Tj ET Q q 0 0 0 rg BT 514.60 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.81 425.25 Td (external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (third ) Tj ET Q q 0 0 0 rg BT 70.72 413.25 Td (party ) Tj ET Q q 0 0 0 rg BT 93.11 413.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 112.16 413.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 155.09 413.25 Td (with ) Tj ET Q q 0 0 0 rg BT 174.71 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.76 413.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 220.04 413.25 Td (units ) Tj ET Q q 0 0 0 rg BT 241.33 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.95 413.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 283.89 413.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 318.49 413.25 Td (is ) Tj ET Q q 0 0 0 rg BT 327.00 413.25 Td (not ) Tj ET Q q 0 0 0 rg BT 341.62 413.25 Td (derecognized ) Tj ET Q q 0 0 0 rg BT 396.75 413.25 Td (from ) Tj ET Q q 0 0 0 rg BT 418.03 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.08 413.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.81 413.25 Td (on ) Tj ET Q q 0 0 0 rg BT 484.65 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.70 413.25 Td (deconsolidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (date ) Tj ET Q q 0 0 0 rg BT 68.97 401.25 Td (as ) Tj ET Q q 0 0 0 rg BT 79.62 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.16 401.25 Td (external ) Tj ET Q q 0 0 0 rg BT 128.68 401.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 148.21 401.25 Td (was ) Tj ET Q q 0 0 0 rg BT 166.08 401.25 Td (not ) Tj ET Q q 0 0 0 rg BT 181.18 401.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.50 401.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 229.12 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.22 401.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 272.64 401.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 307.73 401.25 Td (or ) Tj ET Q q 0 0 0 rg BT 318.38 401.25 Td (its ) Tj ET Q q 0 0 0 rg BT 330.14 401.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 382.18 401.25 Td (however) Tj ET Q q 0 0 0 rg BT 416.21 401.25 Td (, ) Tj ET Q q 0 0 0 rg BT 421.02 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.56 401.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 476.76 401.25 Td (had ) Tj ET Q q 0 0 0 rg BT 493.52 401.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 525.26 401.25 Td (into ) Tj ET Q q 0 0 0 rg BT 543.14 401.25 Td (back ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.62 389.25 Td (back ) Tj ET Q q 0 0 0 rg BT 82.34 389.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 102.40 389.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 150.78 389.25 Td (at ) Tj ET Q q 0 0 0 rg BT 160.84 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.90 389.25 Td (time ) Tj ET Q q 0 0 0 rg BT 196.52 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.70 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.76 389.25 Td (IPO ) Tj ET Q q 0 0 0 rg BT 241.71 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.00 389.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 281.84 389.25 Td (each ) Tj ET Q q 0 0 0 rg BT 303.00 389.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 321.39 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.57 389.25 Td (a ) Tj ET Q q 0 0 0 rg BT 339.85 389.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 372.14 389.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 390.54 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.16 389.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 435.11 389.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 470.72 389.25 Td (which ) Tj ET Q q 0 0 0 rg BT 498.00 389.25 Td (mirror ) Tj ET Q q 0 0 0 rg BT 526.39 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 389.25 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.70 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.61 377.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 135.76 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.68 377.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 191.24 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.94 377.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.30 377.25 Td (has ) Tj ET Q q 0 0 0 rg BT 263.11 377.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 309.45 377.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.37 377.25 Td (related ) Tj ET Q q 0 0 0 rg BT 346.05 377.25 Td (party ) Tj ET Q q 0 0 0 rg BT 369.08 377.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 388.78 377.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 432.33 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 446.47 377.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 476.73 377.25 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 515.59 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 517.89 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 535.92 377.25 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.70 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.29 365.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 91.54 365.25 Td (value ) Tj ET Q q 0 0 0 rg BT 115.57 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.27 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.86 365.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 191.01 365.25 Td (over ) Tj ET Q q 0 0 0 rg BT 211.15 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.74 365.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 261.43 365.25 Td (value ) Tj ET Q q 0 0 0 rg BT 285.46 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.16 365.25 Td (seadrill) Tj ET Q q 0 0 0 rg BT 330.04 365.25 Td (s ) Tj ET Q q 0 0 0 rg BT 336.31 365.25 Td (share ) Tj ET Q q 0 0 0 rg BT 359.78 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.48 365.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 403.96 365.25 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 440.90 365.25 Td (net ) Tj ET Q q 0 0 0 rg BT 455.49 365.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 481.20 365.25 Td (has ) Tj ET Q q 0 0 0 rg BT 496.90 365.25 Td (been ) Tj ET Q q 0 0 0 rg BT 518.15 365.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 353.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.77 353.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 87.49 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.76 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.48 353.25 Td (Company) Tj ET Q q 0 0 0 rg BT 154.15 353.25 Td (s ) Tj ET Q q 0 0 0 rg BT 160.54 353.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 213.58 353.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 254.40 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.23 353.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 331.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 88.46 331.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 135.17 331.25 Td (on ) Tj ET Q q 0 0 0 rg BT 148.02 331.25 Td (deconsolidation, ) Tj ET Q q 0 0 0 rg BT 216.69 331.25 Td (which ) Tj ET Q q 0 0 0 rg BT 243.97 331.25 Td (all ) Tj ET Q q 0 0 0 rg BT 256.82 331.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 285.76 331.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.39 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.45 331.25 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 375.38 331.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.56 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.62 331.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 449.05 331.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 484.10 331.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 520.27 331.25 Td (in ) Tj ET Q q 0 0 0 rg BT 530.90 331.25 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 85.27 319.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.21 319.25 Td (its ) Tj ET Q q 0 0 0 rg BT 114.16 319.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 163.87 319.25 Td (is ) Tj ET Q q 0 0 0 rg BT 173.04 319.25 Td (as ) Tj ET Q q 0 0 0 rg BT 183.87 319.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 279.75 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 279.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 251.75 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 251.75 70.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 224.75 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 224.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 196.75 442.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 196.75 70.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 251.75 m 561.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 196.75 m 561.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 184.75 m 561.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 182.75 m 561.5 182.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 284.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 66.16 284.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.88 284.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.95 293.48 Td (As at January) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.00 283.48 Td (2, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 270.32 Td (Fair ) Tj ET Q q 0 0 0 rg BT 70.61 270.32 Td (value ) Tj ET Q q 0 0 0 rg BT 94.76 270.32 Td (of ) Tj ET Q q 0 0 0 rg BT 105.59 270.32 Td (investment ) Tj ET Q q 0 0 0 rg BT 151.98 270.32 Td (in ) Tj ET Q q 0 0 0 rg BT 162.25 270.32 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 195.86 270.32 Td (Partners ) Tj ET Q q 0 0 0 rg BT 231.13 270.32 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 270.32 Td (3,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 256.32 Td (Carrying value of the non-controlling interest in seadrill Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 256.32 Td (115) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 242.48 Td (Subtotal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 242.48 Td (3,839) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 229.31 Td (Less:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 215.32 Td (Carrying ) Tj ET Q q 0 0 0 rg BT 90.05 215.32 Td (value ) Tj ET Q q 0 0 0 rg BT 114.20 215.32 Td (of ) Tj ET Q q 0 0 0 rg BT 125.03 215.32 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 158.64 215.32 Td (Partners) Tj ET Q q 0 0 0 rg BT 194.36 215.32 Td ( ) Tj ET Q q 0 0 0 rg BT 196.49 215.32 Td (net ) Tj ET Q q 0 0 0 rg BT 211.21 215.32 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 215.32 Td (1,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 201.32 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 92.28 201.32 Td (allocated ) Tj ET Q q 0 0 0 rg BT 130.87 201.32 Td (to ) Tj ET Q q 0 0 0 rg BT 141.15 201.32 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 174.75 201.32 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 201.32 Td (240) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 187.48 Td (Gain ) Tj ET Q q 0 0 0 rg BT 75.62 187.48 Td (on ) Tj ET Q q 0 0 0 rg BT 88.68 187.48 Td (deconsolidation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 187.48 Td (2,339) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.66 742.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 106.28 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 130.43 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.71 742.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 189.87 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.37 742.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 252.64 742.10 Td (involvement ) Tj ET Q q 0 0 0 rg BT 303.45 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 323.18 742.10 Td (investees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 724.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 108.87 724.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 125.24 724.10 Td (value ) Tj ET Q q 0 0 0 rg BT 149.40 724.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.23 724.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.95 724.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 222.03 724.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 256.18 724.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 288.12 724.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.39 724.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 332.00 724.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 367.27 724.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 411.42 724.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.25 724.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.97 724.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 684.60 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 684.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.60 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 656.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 628.60 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 628.60 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 628.6 m 561.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 615.6 m 561.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 613.6 m 561.5 613.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 689.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 66.16 689.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.88 689.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.95 698.33 Td (As of January) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.00 688.33 Td (2, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 675.17 Td (Common ) Tj ET Q q 0 0 0 rg BT 91.73 675.17 Td (units ) Tj ET Q q 0 0 0 rg BT 113.67 675.17 Td (\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 675.17 Td (671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 661.17 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 107.83 661.17 Td (units ) Tj ET Q q 0 0 0 rg BT 129.77 661.17 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 661.17 Td (427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 647.17 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 85.60 647.17 Td (Member ) Tj ET Q q 0 0 0 rg BT 121.98 647.17 Td (Interest ) Tj ET Q q 0 0 0 rg BT 154.47 647.17 Td (and ) Tj ET Q q 0 0 0 rg BT 171.40 647.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 211.11 647.17 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 261.94 647.17 Td (Rights ) Tj ET Q q 0 0 0 rg BT 290.56 647.17 Td (\("IDRs"\) ) Tj ET Q q 0 0 0 rg BT 329.00 647.17 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 647.17 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 633.17 Td (Direct ) Tj ET Q q 0 0 0 rg BT 79.49 633.17 Td (ownership ) Tj ET Q q 0 0 0 rg BT 123.65 633.17 Td (interests ) Tj ET Q q 0 0 0 rg BT 159.47 633.17 Td (\(iv\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 633.17 Td (2,382) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 619.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 619.28 Td (3,724) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 579.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 61.94 579.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.44 579.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 103.05 579.10 Td (units ) Tj ET Q q 0 0 0 rg BT 125.00 579.10 Td (\(marketable ) Tj ET Q q 0 0 0 rg BT 175.82 579.10 Td (securities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.78 561.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.78 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.67 561.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 155.65 561.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 177.48 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.36 561.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.92 561.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.80 561.10 Td (21.5 ) Tj ET Q q 0 0 0 rg BT 273.97 561.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.86 561.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.53 561.10 Td (common ) Tj ET Q q 0 0 0 rg BT 343.20 561.10 Td (units ) Tj ET Q q 0 0 0 rg BT 365.31 561.10 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.40 561.10 Td (48.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.23 561.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.90 561.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.90 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.79 561.10 Td (common ) Tj ET Q q 0 0 0 rg BT 509.45 561.10 Td (units ) Tj ET Q q 0 0 0 rg BT 531.57 561.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.01 561.10 Td (issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.81 549.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.74 549.10 Td (class. ) Tj ET Q q 0 0 0 rg BT 91.98 549.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.01 549.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 157.08 549.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 190.12 549.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.38 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.08 549.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 243.12 549.10 Td (common ) Tj ET Q q 0 0 0 rg BT 280.60 549.10 Td (units ) Tj ET Q q 0 0 0 rg BT 302.53 549.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.35 549.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 346.94 549.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 382.19 549.10 Td (are ) Tj ET Q q 0 0 0 rg BT 396.88 549.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 439.90 549.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.04 549.10 Td (as ) Tj ET Q q 0 0 0 rg BT 464.86 549.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 511.76 549.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 552.01 549.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.91 537.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 87.60 537.10 Td (that ) Tj ET Q q 0 0 0 rg BT 105.28 537.10 Td (during ) Tj ET Q q 0 0 0 rg BT 134.08 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.99 537.10 Td (subordination ) Tj ET Q q 0 0 0 rg BT 206.67 537.10 Td (period ) Tj ET Q q 0 0 0 rg BT 234.91 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.82 537.10 Td (common ) Tj ET Q q 0 0 0 rg BT 287.50 537.10 Td (units ) Tj ET Q q 0 0 0 rg BT 309.64 537.10 Td (have ) Tj ET Q q 0 0 0 rg BT 331.21 537.10 Td (preferential ) Tj ET Q q 0 0 0 rg BT 379.98 537.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 417.67 537.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.79 537.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 480.82 537.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 508.78 537.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.91 537.10 Td (therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.10 Td (do ) Tj ET Q q 0 0 0 rg BT 62.50 525.10 Td (not ) Tj ET Q q 0 0 0 rg BT 77.78 525.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 116.92 525.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.42 525.10 Td (in-substance ) Tj ET Q q 0 0 0 rg BT 175.24 525.10 Td (common ) Tj ET Q q 0 0 0 rg BT 212.73 525.10 Td (stock) Tj ET Q q 0 0 0 rg BT 236.43 525.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.93 525.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.76 525.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 282.25 525.10 Td (by ) Tj ET Q q 0 0 0 rg BT 294.75 525.10 Td (US ) Tj ET Q q 0 0 0 rg BT 310.03 525.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 336.15 525.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.15 525.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (These ) Tj ET Q q 0 0 0 rg BT 77.18 507.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 118.25 507.10 Td (have ) Tj ET Q q 0 0 0 rg BT 140.44 507.10 Td (been ) Tj ET Q q 0 0 0 rg BT 162.62 507.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.93 507.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 213.10 507.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.41 507.10 Td (January2, ) Tj ET Q q 0 0 0 rg BT 270.81 507.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.81 507.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.12 507.10 Td (at ) Tj ET Q q 0 0 0 rg BT 304.64 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.17 507.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 350.69 507.10 Td (market ) Tj ET Q q 0 0 0 rg BT 381.76 507.10 Td (price ) Tj ET Q q 0 0 0 rg BT 405.05 507.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.80 507.10 Td (are ) Tj ET Q q 0 0 0 rg BT 438.31 507.10 Td (re-measured ) Tj ET Q q 0 0 0 rg BT 491.04 507.10 Td (at ) Tj ET Q q 0 0 0 rg BT 501.56 507.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 518.74 507.10 Td (value ) Tj ET Q q 0 0 0 rg BT 543.71 507.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.45 495.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 120.29 495.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.46 495.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 142.48 495.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 186.91 495.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 210.81 495.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.04 495.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 254.72 495.10 Td (on ) Tj ET Q q 0 0 0 rg BT 267.51 495.10 Td (these ) Tj ET Q q 0 0 0 rg BT 290.85 495.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 331.41 495.10 Td (are ) Tj ET Q q 0 0 0 rg BT 346.41 495.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 393.06 495.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 426.40 495.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.97 495.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 464.75 495.10 Td (as ) Tj ET Q q 0 0 0 rg BT 475.88 495.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.11 495.10 Td (component ) Tj ET Q q 0 0 0 rg BT 530.33 495.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.45 495.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 114.25 483.10 Td (income ) Tj ET Q q 0 0 0 rg BT 147.40 483.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 176.12 483.10 Td (an ) Tj ET Q q 0 0 0 rg BT 189.27 483.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 234.63 483.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 253.91 483.10 Td (is ) Tj ET Q q 0 0 0 rg BT 264.30 483.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 311.33 483.10 Td ("other) Tj ET Q q 0 0 0 rg BT 335.76 483.10 Td (-than-temporary", ) Tj ET Q q 0 0 0 rg BT 411.03 483.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.52 483.10 Td (which ) Tj ET Q q 0 0 0 rg BT 450.68 483.10 Td (case ) Tj ET Q q 0 0 0 rg BT 471.60 483.10 Td (it ) Tj ET Q q 0 0 0 rg BT 480.88 483.10 Td (is ) Tj ET Q q 0 0 0 rg BT 491.27 483.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 538.29 483.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 483.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 91.36 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.72 471.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 147.41 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.89 471.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 202.07 471.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.10 471.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 245.35 471.10 Td (income ) Tj ET Q q 0 0 0 rg BT 277.82 471.10 Td (from ) Tj ET Q q 0 0 0 rg BT 300.30 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.55 471.10 Td (common ) Tj ET Q q 0 0 0 rg BT 353.58 471.10 Td (units ) Tj ET Q q 0 0 0 rg BT 376.07 471.10 Td (is ) Tj ET Q q 0 0 0 rg BT 385.77 471.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 432.67 471.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.49 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.74 471.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 512.32 471.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 553.67 471.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 96.66 459.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 64.72 423.10 Td (Subor) Tj ET Q q 0 0 0 rg BT 88.24 423.10 Td (dinated ) Tj ET Q q 0 0 0 rg BT 120.73 423.10 Td (units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.18 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.58 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.87 405.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 153.26 405.10 Td (date ) Tj ET Q q 0 0 0 rg BT 171.99 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.27 405.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.23 405.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.52 405.10 Td (16.5 ) Tj ET Q q 0 0 0 rg BT 266.09 405.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.98 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.05 405.10 Td (units ) Tj ET Q q 0 0 0 rg BT 318.57 405.10 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.06 405.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.39 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.46 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.86 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.15 405.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 473.88 405.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 497.90 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.82 405.10 Td (The ) Tj ET Q q 0 0 0 rg BT 517.43 405.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 82.69 393.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.61 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.96 393.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 160.75 393.10 Td (units ) Tj ET Q q 0 0 0 rg BT 182.33 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.80 393.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 226.04 393.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 260.94 393.10 Td (are ) Tj ET Q q 0 0 0 rg BT 275.28 393.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 317.95 393.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.74 393.10 Td (under ) Tj ET Q q 0 0 0 rg BT 356.65 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.00 393.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 398.13 393.10 Td (method ) Tj ET Q q 0 0 0 rg BT 430.26 393.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.40 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.75 393.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 478.88 393.10 Td (that ) Tj ET Q q 0 0 0 rg BT 496.01 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.37 393.10 Td (subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (units ) Tj ET Q q 0 0 0 rg BT 71.80 381.10 Td (are ) Tj ET Q q 0 0 0 rg BT 86.36 381.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 132.02 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.15 381.10 Td (be ) Tj ET Q q 0 0 0 rg BT 153.94 381.10 Td (in-substance ) Tj ET Q q 0 0 0 rg BT 209.61 381.10 Td (common ) Tj ET Q q 0 0 0 rg BT 246.96 381.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 276.25 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.43 381.10 Td (The ) Tj ET Q q 0 0 0 rg BT 296.32 381.10 Td (subordination ) Tj ET Q q 0 0 0 rg BT 353.67 381.10 Td (period ) Tj ET Q q 0 0 0 rg BT 381.57 381.10 Td (will ) Tj ET Q q 0 0 0 rg BT 399.48 381.10 Td (end ) Tj ET Q q 0 0 0 rg BT 416.27 381.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.62 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.18 381.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 491.08 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.76 381.10 Td (various ) Tj ET Q q 0 0 0 rg BT 533.55 381.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 553.68 381.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 94.19 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.50 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.26 369.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 161.23 369.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 208.19 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.06 369.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 252.71 369.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 290.52 369.10 Td (but ) Tj ET Q q 0 0 0 rg BT 305.83 369.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.93 369.10 Td (not ) Tj ET Q q 0 0 0 rg BT 339.25 369.10 Td (end ) Tj ET Q q 0 0 0 rg BT 356.23 369.10 Td (before ) Tj ET Q q 0 0 0 rg BT 384.31 369.10 Td (September ) Tj ET Q q 0 0 0 rg BT 429.61 369.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 444.65 369.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 467.19 369.10 Td (except ) Tj ET Q q 0 0 0 rg BT 495.83 369.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 518.37 369.10 Td (removal ) Tj ET Q q 0 0 0 rg BT 553.67 369.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 357.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 98.32 357.10 Td (Member) Tj ET Q q 0 0 0 rg BT 131.65 357.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.65 357.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 161.37 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.08 357.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 219.13 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.96 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.67 357.10 Td (subordination ) Tj ET Q q 0 0 0 rg BT 302.17 357.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 332.71 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.43 357.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 401.59 357.10 Td (units ) Tj ET Q q 0 0 0 rg BT 423.54 357.10 Td (will ) Tj ET Q q 0 0 0 rg BT 441.59 357.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 474.08 357.10 Td (into ) Tj ET Q q 0 0 0 rg BT 492.13 357.10 Td (common ) Tj ET Q q 0 0 0 rg BT 529.63 357.10 Td (units. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.36 339.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.04 339.10 Td (value ) Tj ET Q q 0 0 0 rg BT 106.51 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.65 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.67 339.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 184.14 339.10 Td (units ) Tj ET Q q 0 0 0 rg BT 205.39 339.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.20 339.10 Td (January2, ) Tj ET Q q 0 0 0 rg BT 260.11 339.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.11 339.10 Td (, ) Tj ET Q q 0 0 0 rg BT 284.42 339.10 Td (was ) Tj ET Q q 0 0 0 rg BT 301.78 339.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 348.57 339.10 Td (based ) Tj ET Q q 0 0 0 rg BT 373.15 339.10 Td (on ) Tj ET Q q 0 0 0 rg BT 384.96 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.98 339.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 428.01 339.10 Td (market ) Tj ET Q q 0 0 0 rg BT 457.58 339.10 Td (price ) Tj ET Q q 0 0 0 rg BT 479.38 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.51 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.54 339.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 527.01 339.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (units ) Tj ET Q q 0 0 0 rg BT 71.09 327.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.07 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.04 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.90 327.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 169.87 327.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 190.67 327.10 Td (but ) Tj ET Q q 0 0 0 rg BT 205.09 327.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 250.06 327.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.37 327.10 Td (their ) Tj ET Q q 0 0 0 rg BT 283.33 327.10 Td (non-tradability ) Tj ET Q q 0 0 0 rg BT 344.41 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.49 327.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 413.79 327.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 450.43 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.51 327.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 511.49 327.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 535.91 327.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.86 315.10 Td (subordination ) Tj ET Q q 0 0 0 rg BT 122.50 315.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 153.20 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.84 315.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 183.48 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.34 315.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 225.98 315.10 Td (method ) Tj ET Q q 0 0 0 rg BT 258.62 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.48 315.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 315.01 315.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 360.41 315.10 Td (its ) Tj ET Q q 0 0 0 rg BT 372.51 315.10 Td (share ) Tj ET Q q 0 0 0 rg BT 396.25 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.23 315.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 440.98 315.10 Td (Partners) Tj ET Q q 0 0 0 rg BT 476.33 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.98 315.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 515.50 315.10 Td (allocable ) Tj ET Q q 0 0 0 rg BT 554.24 315.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.58 303.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 116.60 303.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 139.91 303.10 Td (less ) Tj ET Q q 0 0 0 rg BT 156.27 303.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 208.17 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.86 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.44 303.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 252.80 303.10 Td (dif) Tj ET Q q 0 0 0 rg BT 263.73 303.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 294.51 303.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 311.97 303.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 324.43 303.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 356.06 303.10 Td (through ) Tj ET Q q 0 0 0 rg BT 388.53 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.11 303.10 Td (share ) Tj ET Q q 0 0 0 rg BT 427.90 303.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.04 303.10 Td (results ) Tj ET Q q 0 0 0 rg BT 464.51 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.20 303.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 516.66 303.10 Td (companies) Tj ET Q q 0 0 0 rg BT 562.01 303.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (line ) Tj ET Q q 0 0 0 rg BT 67.50 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.77 291.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.49 291.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 145.53 291.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 186.35 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.18 291.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 243.84 291.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.34 291.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 289.95 291.10 Td (are ) Tj ET Q q 0 0 0 rg BT 304.65 291.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 351.02 291.10 Td (as ) Tj ET Q q 0 0 0 rg BT 361.85 291.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.78 291.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 409.05 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.33 291.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 465.71 291.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 501.52 291.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 528.18 291.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 67.50 255.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 101.66 255.10 Td (Member ) Tj ET Q q 0 0 0 rg BT 137.48 255.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 156.55 255.10 Td (est ) Tj ET Q q 0 0 0 rg BT 170.16 255.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.66 255.10 Td (IDRs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.02 237.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 101.59 237.10 Td (Member ) Tj ET Q q 0 0 0 rg BT 137.94 237.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 170.40 237.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 200.63 237.10 Td (is ) Tj ET Q q 0 0 0 rg BT 209.78 237.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.68 237.10 Td (0% ) Tj ET Q q 0 0 0 rg BT 232.49 237.10 Td (non-economic ) Tj ET Q q 0 0 0 rg BT 292.16 237.10 Td (interest\) ) Tj ET Q q 0 0 0 rg BT 327.39 237.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 351.53 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.22 237.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 391.47 237.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.72 237.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 427.52 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.32 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.01 237.10 Td (IDRs ) Tj ET Q q 0 0 0 rg BT 476.59 237.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.50 237.10 Td (is ) Tj ET Q q 0 0 0 rg BT 502.64 237.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 531.77 237.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.02 237.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.43 225.10 Td (until ) Tj ET Q q 0 0 0 rg BT 92.65 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.76 225.10 Td (end ) Tj ET Q q 0 0 0 rg BT 123.08 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.30 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.40 225.10 Td (subordination ) Tj ET Q q 0 0 0 rg BT 204.28 225.10 Td (period ) Tj ET Q q 0 0 0 rg BT 231.72 225.10 Td (without ) Tj ET Q q 0 0 0 rg BT 264.16 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.26 225.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 315.13 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.35 225.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.67 225.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 367.44 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.66 225.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 395.25 225.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 425.45 225.10 Td (common ) Tj ET Q q 0 0 0 rg BT 462.33 225.10 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 511.72 225.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.47 225.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.90 225.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (Member ) Tj ET Q q 0 0 0 rg BT 86.96 213.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 120.02 213.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.54 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.83 213.10 Td (IDRs ) Tj ET Q q 0 0 0 rg BT 177.02 213.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.88 213.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 222.06 213.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 257.91 213.10 Td (are ) Tj ET Q q 0 0 0 rg BT 273.20 213.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 316.81 213.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.55 213.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.95 213.10 Td (cost-method ) Tj ET Q q 0 0 0 rg BT 395.47 213.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 446.32 213.10 Td (on ) Tj ET Q q 0 0 0 rg BT 459.40 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.69 213.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 497.77 213.10 Td (that ) Tj ET Q q 0 0 0 rg BT 515.84 213.10 Td (they ) Tj ET Q q 0 0 0 rg BT 536.14 213.10 Td (do ) Tj ET Q q 0 0 0 rg BT 549.22 213.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 90.28 201.10 Td (common ) Tj ET Q q 0 0 0 rg BT 128.91 201.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 153.65 201.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 190.62 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.69 201.10 Td (their ) Tj ET Q q 0 0 0 rg BT 230.65 201.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 248.16 201.10 Td (value ) Tj ET Q q 0 0 0 rg BT 273.45 201.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.76 201.10 Td (not ) Tj ET Q q 0 0 0 rg BT 300.17 201.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 331.57 201.10 Td (determinable. ) Tj ET Q q 0 0 0 rg BT 389.90 201.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.27 201.10 Td (The ) Tj ET Q q 0 0 0 rg BT 412.46 201.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 463.87 201.10 Td (are ) Tj ET Q q 0 0 0 rg BT 479.71 201.10 Td (held ) Tj ET Q q 0 0 0 rg BT 500.56 201.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.41 201.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 531.16 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.23 201.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 104.72 189.10 Td (re-measured. ) Tj ET Q q 0 0 0 rg BT 159.13 189.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.63 189.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.47 171.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.27 171.10 Td (value ) Tj ET Q q 0 0 0 rg BT 106.84 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.09 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.23 171.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 177.73 171.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 209.09 171.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.79 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.93 171.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 265.95 171.10 Td (Member ) Tj ET Q q 0 0 0 rg BT 301.75 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.11 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.25 171.10 Td (attached ) Tj ET Q q 0 0 0 rg BT 367.48 171.10 Td (IDRs ) Tj ET Q q 0 0 0 rg BT 390.52 171.10 Td (as ) Tj ET Q q 0 0 0 rg BT 400.77 171.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.02 171.10 Td (January2, ) Tj ET Q q 0 0 0 rg BT 454.04 171.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.04 171.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.96 171.10 Td (was ) Tj ET Q q 0 0 0 rg BT 493.43 171.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 540.33 171.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.42 159.10 Td (Monte ) Tj ET Q q 0 0 0 rg BT 86.51 159.10 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 111.71 159.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 156.91 159.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 192.17 159.10 Td (The ) Tj ET Q q 0 0 0 rg BT 210.70 159.10 Td (method ) Tj ET Q q 0 0 0 rg BT 243.67 159.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 267.20 159.10 Td (into ) Tj ET Q q 0 0 0 rg BT 285.74 159.10 Td (account ) Tj ET Q q 0 0 0 rg BT 319.81 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.01 159.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 355.76 159.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 404.86 159.10 Td (waterfall, ) Tj ET Q q 0 0 0 rg BT 445.87 159.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 486.06 159.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 521.52 159.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.00 159.10 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 71.37 147.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.18 147.10 Td (share ) Tj ET Q q 0 0 0 rg BT 109.65 147.10 Td (price ) Tj ET Q q 0 0 0 rg BT 131.01 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.72 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.31 147.10 Td (common ) Tj ET Q q 0 0 0 rg BT 190.67 147.10 Td (units ) Tj ET Q q 0 0 0 rg BT 211.50 147.10 Td (as ) Tj ET Q q 0 0 0 rg BT 221.20 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.90 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.49 147.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 309.19 147.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 329.72 147.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.09 147.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 384.69 147.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.84 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.43 147.10 Td (IDRs ) Tj ET Q q 0 0 0 rg BT 429.92 147.10 Td (are ) Tj ET Q q 0 0 0 rg BT 443.50 147.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 488.74 147.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.89 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.48 147.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.82 135.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.65 135.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 148.31 135.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (iv\) ) Tj ET Q q 0 0 0 rg BT 63.05 99.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 76.57 99.10 Td (ect ) Tj ET Q q 0 0 0 rg BT 90.72 99.10 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 137.11 99.10 Td (inter) Tj ET Q q 0 0 0 rg BT 155.63 99.10 Td (ests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.95 81.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.24 81.10 Td (held ) Tj ET Q q 0 0 0 rg BT 128.85 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.47 81.10 Td (following ) Tj ET Q q 0 0 0 rg BT 184.76 81.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 228.82 81.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 264.55 81.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.73 81.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 306.01 81.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 348.96 81.10 Td (by ) Tj ET Q q 0 0 0 rg BT 361.36 81.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 394.86 81.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 430.03 81.10 Td (as ) Tj ET Q q 0 0 0 rg BT 440.76 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.49 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.11 81.10 Td (date ) Tj ET Q q 0 0 0 rg BT 485.17 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.90 81.10 Td (deconsolidation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 63.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 63.10 Td (70% ownership in seadrill Operating LP) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 82.99 742.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 124.86 742.10 Td (LP) Tj ET Q q 0 0 0 rg BT 136.16 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.04 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.60 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.92 742.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 183.13 742.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 230.00 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.33 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 254.88 742.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 297.31 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.19 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 320.53 742.10 Td (General ) Tj ET Q q 0 0 0 rg BT 354.06 742.10 Td (Partner) Tj ET Q q 0 0 0 rg BT 382.53 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.92 742.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 419.91 742.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 461.78 742.10 Td (GP) Tj ET Q q 0 0 0 rg BT 474.19 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.07 742.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 499.35 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 525.67 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 534.22 742.10 Td (wholly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 79.16 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.66 730.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 125.26 730.10 Td (Partners. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 712.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td (49% ) Tj ET Q q 0 0 0 rg BT 106.83 712.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 151.00 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.28 712.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 195.44 712.10 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 239.61 712.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 278.78 712.10 Td (LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.69 694.10 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 126.26 694.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 165.52 694.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 187.00 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.25 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.28 694.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 234.20 694.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 267.90 694.10 Td (company) Tj ET Q q 0 0 0 rg BT 303.90 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.99 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.39 694.10 Td (There ) Tj ET Q q 0 0 0 rg BT 337.29 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 346.55 694.10 Td (only ) Tj ET Q q 0 0 0 rg BT 366.92 694.10 Td (one ) Tj ET Q q 0 0 0 rg BT 383.94 694.10 Td (class ) Tj ET Q q 0 0 0 rg BT 405.97 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.89 694.10 Td (member ) Tj ET Q q 0 0 0 rg BT 452.24 694.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 484.26 694.10 Td (which ) Tj ET Q q 0 0 0 rg BT 511.29 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.55 694.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 554.23 694.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 89.15 682.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 117.20 682.10 Td (common ) Tj ET Q q 0 0 0 rg BT 154.70 682.10 Td (stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 664.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 107.11 664.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 151.56 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.11 664.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 196.56 664.10 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 243.21 664.10 Td (Drillship ) Tj ET Q q 0 0 0 rg BT 282.11 664.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 300.73 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.50 664.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 339.61 664.10 Td (\(indir) Tj ET Q q 0 0 0 rg BT 362.02 664.10 Td (ect\) ) Tj ET Q q 0 0 0 rg BT 379.78 664.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 424.23 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.79 664.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 469.23 664.10 Td (Mobile ) Tj ET Q q 0 0 0 rg BT 500.34 664.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 524.78 664.10 Td (\(Nigeria\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 652.10 Td (Ltd.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.69 634.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.72 634.10 Td (held ) Tj ET Q q 0 0 0 rg BT 128.09 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.67 634.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 155.14 634.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 180.05 634.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 223.86 634.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.44 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.36 634.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 298.61 634.10 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 344.06 634.10 Td (Drillship ) Tj ET Q q 0 0 0 rg BT 381.76 634.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 400.29 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.88 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.46 634.10 Td (39% ) Tj ET Q q 0 0 0 rg BT 443.93 634.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 476.62 634.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 520.43 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.90 634.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Mobile ) Tj ET Q q 0 0 0 rg BT 81.21 622.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 105.21 622.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 126.42 622.10 Td (through ) Tj ET Q q 0 0 0 rg BT 159.86 622.10 Td (its ) Tj ET Q q 0 0 0 rg BT 171.63 622.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 197.29 622.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 237.75 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.58 622.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 276.01 622.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 292.78 622.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 311.49 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.82 622.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 335.59 622.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 366.80 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 381.33 622.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 411.99 622.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 457.08 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.85 622.10 Td (only ) Tj ET Q q 0 0 0 rg BT 493.95 622.10 Td (have ) Tj ET Q q 0 0 0 rg BT 515.15 622.10 Td (one ) Tj ET Q q 0 0 0 rg BT 531.92 622.10 Td (class ) Tj ET Q q 0 0 0 rg BT 553.68 622.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 76.11 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 103.05 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.22 610.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 145.81 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.09 610.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 195.23 610.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 223.29 610.10 Td (common ) Tj ET Q q 0 0 0 rg BT 260.79 610.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 286.89 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (All ) Tj ET Q q 0 0 0 rg BT 65.69 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.92 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.05 592.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 139.53 592.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 165.20 592.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 209.77 592.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 246.00 592.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.12 592.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 304.55 592.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.12 592.10 Td (under ) Tj ET Q q 0 0 0 rg BT 344.80 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.92 592.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 387.82 592.10 Td (method ) Tj ET Q q 0 0 0 rg BT 420.72 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 431.96 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.08 592.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 488.88 592.10 Td (is ) Tj ET Q q 0 0 0 rg BT 498.45 592.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 532.45 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.14 592.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.40 580.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 133.79 580.10 Td (over ) Tj ET Q q 0 0 0 rg BT 153.75 580.10 Td (these ) Tj ET Q q 0 0 0 rg BT 176.49 580.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 207.56 580.10 Td (through ) Tj ET Q q 0 0 0 rg BT 240.85 580.10 Td (its ) Tj ET Q q 0 0 0 rg BT 252.49 580.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 280.24 580.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 305.20 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.83 580.10 Td (by ) Tj ET Q q 0 0 0 rg BT 334.02 580.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 359.53 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.05 580.10 Td (seadrill) Tj ET Q q 0 0 0 rg BT 403.94 580.10 Td (s ) Tj ET Q q 0 0 0 rg BT 410.02 580.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 468.85 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 481.03 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.44 580.10 Td (board ) Tj ET Q q 0 0 0 rg BT 520.40 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.92 580.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (Partners.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.85 550.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 86.02 550.10 Td (values ) Tj ET Q q 0 0 0 rg BT 114.87 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.49 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.01 550.10 Td (four ) Tj ET Q q 0 0 0 rg BT 161.97 550.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 206.93 550.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 243.55 550.10 Td (described ) Tj ET Q q 0 0 0 rg BT 285.16 550.10 Td (above ) Tj ET Q q 0 0 0 rg BT 312.34 550.10 Td (have ) Tj ET Q q 0 0 0 rg BT 334.51 550.10 Td (been ) Tj ET Q q 0 0 0 rg BT 356.69 550.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 404.97 550.10 Td (using ) Tj ET Q q 0 0 0 rg BT 429.94 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.67 550.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 484.30 550.10 Td (cash-flow ) Tj ET Q q 0 0 0 rg BT 527.02 550.10 Td (\(DCF\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (methodology) Tj ET Q q 0 0 0 rg BT 102.12 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 107.12 538.10 Td (using ) Tj ET Q q 0 0 0 rg BT 131.29 538.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 177.12 538.10 Td (cash-flow ) Tj ET Q q 0 0 0 rg BT 219.05 538.10 Td (forecasts. ) Tj ET Q q 0 0 0 rg BT 259.58 538.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.66 502.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (Gain ) Tj ET Q q 0 0 0 rg BT 108.50 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 121.00 502.10 Td (r) Tj ET Q q 0 0 0 rg BT 124.52 502.10 Td (etained ) Tj ET Q q 0 0 0 rg BT 156.45 502.10 Td (investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 484.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 93.31 484.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 113.03 484.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.53 484.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 191.35 484.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 219.94 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.22 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.94 484.10 Td (re-measurement ) Tj ET Q q 0 0 0 rg BT 311.85 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.68 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.39 484.10 Td (various ) Tj ET Q q 0 0 0 rg BT 369.33 484.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 404.03 484.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 454.31 484.10 Td (described ) Tj ET Q q 0 0 0 rg BT 495.12 484.10 Td (above.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.10 448.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 448.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 134.04 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.21 448.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 171.27 448.10 Td (differ) Tj ET Q q 0 0 0 rg BT 192.57 448.10 Td (ences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.29 430.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.95 430.10 Td (s ) Tj ET Q q 0 0 0 rg BT 116.58 430.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 167.09 430.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.83 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.77 430.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 243.04 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.44 430.10 Td (under ) Tj ET Q q 0 0 0 rg BT 282.95 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.90 430.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 325.63 430.10 Td (method ) Tj ET Q q 0 0 0 rg BT 358.37 430.10 Td (\(subordinated ) Tj ET Q q 0 0 0 rg BT 416.09 430.10 Td (units ) Tj ET Q q 0 0 0 rg BT 438.28 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.46 430.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 480.96 430.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 525.36 430.10 Td (interests\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (were ) Tj ET Q q 0 0 0 rg BT 72.36 418.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 119.16 418.10 Td (at ) Tj ET Q q 0 0 0 rg BT 129.31 418.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 146.12 418.10 Td (value ) Tj ET Q q 0 0 0 rg BT 170.71 418.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 193.65 418.10 Td (deconsolidation. ) Tj ET Q q 0 0 0 rg BT 262.40 418.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 287.01 418.10 Td (dif) Tj ET Q q 0 0 0 rg BT 297.93 418.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 334.17 418.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 373.19 418.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 395.01 418.10 Td (between ) Tj ET Q q 0 0 0 rg BT 431.26 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.42 418.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 463.23 418.10 Td (value ) Tj ET Q q 0 0 0 rg BT 487.82 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.08 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.23 418.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.91 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.61 406.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 130.41 406.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 167.20 406.10 Td (values ) Tj ET Q q 0 0 0 rg BT 196.22 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.03 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.72 406.10 Td (investees) Tj ET Q q 0 0 0 rg BT 262.96 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.44 406.10 Td (net ) Tj ET Q q 0 0 0 rg BT 282.13 406.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 308.94 406.10 Td (at ) Tj ET Q q 0 0 0 rg BT 319.63 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.32 406.10 Td (date ) Tj ET Q q 0 0 0 rg BT 355.45 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.26 406.10 Td (deconsolidation. ) Tj ET Q q 0 0 0 rg BT 436.55 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.26 406.10 Td (A) Tj ET Q q 0 0 0 rg BT 445.93 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.41 406.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 490.09 406.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 526.32 406.10 Td (has ) Tj ET Q q 0 0 0 rg BT 543.13 406.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 94.91 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.84 394.10 Td (each ) Tj ET Q q 0 0 0 rg BT 131.42 394.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 167.44 394.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 214.58 394.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 258.38 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.31 394.10 Td (under ) Tj ET Q q 0 0 0 rg BT 299.34 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.83 394.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 343.09 394.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 378.85 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.89 394.10 Td (order ) Tj ET Q q 0 0 0 rg BT 414.25 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.30 394.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 459.65 394.10 Td (these ) Tj ET Q q 0 0 0 rg BT 483.47 394.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 506.73 394.10 Td (dif) Tj ET Q q 0 0 0 rg BT 517.66 394.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 554.23 394.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 97.34 382.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 122.48 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.73 382.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 180.25 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 199.83 382.10 Td (any ) Tj ET Q q 0 0 0 rg BT 216.08 382.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 249.54 382.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.34 382.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 327.01 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 337.15 382.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 377.01 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.82 382.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 391.97 382.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 427.08 382.10 Td (have ) Tj ET Q q 0 0 0 rg BT 447.76 382.10 Td (been ) Tj ET Q q 0 0 0 rg BT 468.45 382.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 506.34 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.93 382.10 Td (depreciable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.57 370.10 Td (amortizable ) Tj ET Q q 0 0 0 rg BT 112.01 370.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 138.58 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.16 370.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 190.62 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.30 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 227.09 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 239.78 370.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 283.00 370.10 Td (over ) Tj ET Q q 0 0 0 rg BT 304.01 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.47 370.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 361.03 370.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 388.71 370.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 430.83 370.10 Td (life ) Tj ET Q q 0 0 0 rg BT 447.39 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.96 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.42 370.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 520.99 370.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.56 370.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 92.83 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.71 358.10 Td (This ) Tj ET Q q 0 0 0 rg BT 116.60 358.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 170.25 358.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.03 358.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 227.00 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.89 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.22 358.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 306.87 358.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 348.30 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.74 358.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 404.51 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.40 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.72 358.10 Td (share ) Tj ET Q q 0 0 0 rg BT 458.26 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.15 358.10 Td (results ) Tj ET Q q 0 0 0 rg BT 498.37 358.10 Td (from ) Tj ET Q q 0 0 0 rg BT 520.92 358.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (companies) Tj ET Q q 0 0 0 rg BT 95.35 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.85 346.10 Td (line. ) Tj ET Q q 0 0 0 rg BT 117.85 346.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (The total investments in seadrill Partners recorded under the equity method of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.03 328.10 Td ($2,809 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.92 328.10 Td ( included the Company's share of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (the basis dif) Tj ET Q q 0 0 0 rg BT 98.14 316.10 Td (ference between the total fair value and the total underlying book value of seadrill Partners' assets at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (deconsolidation date are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 241.60 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 241.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 241.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 241.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 241.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 241.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 241.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 211.60 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 211.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 211.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 211.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 211.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 211.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 211.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 196.60000000000002 m 322.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 182.60000000000002 m 322.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 180.60000000000002 m 322.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 196.60000000000002 m 326.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 182.60000000000002 m 326.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 180.60000000000002 m 326.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 196.60000000000002 m 401.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 182.60000000000002 m 401.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 180.60000000000002 m 401.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 196.60000000000002 m 406.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 182.60000000000002 m 406.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 180.60000000000002 m 406.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 196.60000000000002 m 480.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 182.60000000000002 m 480.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 180.60000000000002 m 480.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 196.60000000000002 m 485.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 182.60000000000002 m 485.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 180.60000000000002 m 485.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 196.60000000000002 m 560.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 182.60000000000002 m 560.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 180.60000000000002 m 560.5 180.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 246.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 246.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 246.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.20 246.28 Td (Book value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.75 246.28 Td (Fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.85 256.28 Td (Basis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.85 246.28 Td (Difference) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 266.28 Td (seadrill's shar) Tj ET Q q 0 0 0 rg BT 550.87 266.28 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.50 256.28 Td (of basis ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.15 246.28 Td (differ) Tj ET Q q 0 0 0 rg BT 519.85 246.28 Td (ence ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 541.22 250.81 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 231.27 Td (Drilling units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 231.27 Td (3,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 231.27 Td (5,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 231.27 Td (1,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 231.27 Td (1,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 216.27 Td (Drilling contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 216.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 216.27 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 216.27 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 216.27 Td (142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 201.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 201.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 201.27 Td (1,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 201.27 Td (1,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 201.27 Td (352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 186.27 Td (3,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 186.27 Td (6,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 186.27 Td (3,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 186.27 Td (1,789) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (\(1\) seadrill's share of the basis dif) Tj ET Q q 0 0 0 rg BT 186.03 164.10 Td (ference relates to both its investment in the subordinated units of seadrill Partners LLC, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (its direct ownership interests in various subsidiaries of seadrill Partners, all of which investments are accounted for under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (equity method. ) Tj ET Q q 0 0 0 rg BT 114.81 140.10 Td (The total basis dif) Tj ET Q q 0 0 0 rg BT 186.56 140.10 Td (ference has been assigned based on seadrill's proportional ownership interest in each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (investee. In the case of seadrill's investment in the subordinated units of seadrill Partners LLC, the proportional allocation to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (the subordinated units was based on the relative fair values of the various equity interests in seadrill Partners LLC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (The basis dif) Tj ET Q q 0 0 0 rg BT 101.47 92.10 Td (ference has been accounted for as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 61.76 68.10 Td (The basis dif) Tj ET Q q 0 0 0 rg BT 113.23 68.10 Td (ference assigned to drilling units is being depreciated over the remaining estimated useful lives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (of the units. ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 64.54 730.10 Td (The basis dif) Tj ET Q q 0 0 0 rg BT 116.01 730.10 Td (ference relating to the drilling contracts is being amortized over the remaining term of the contract.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 67.31 706.10 Td (The Company will not amortize the dif) Tj ET Q q 0 0 0 rg BT 223.21 706.10 Td (ference assigned to goodwill, but will consider any indicators of impairment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 670.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 79.99 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.31 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 93.06 670.10 Td (axation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.49 646.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 105.53 646.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 135.81 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.64 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.36 646.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 586.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 586.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 586.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 586.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 586.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 586.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 586.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 586.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 558.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 558.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 558.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 558.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 530.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 530.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 530.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 530.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 530.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.60 273.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 502.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 502.60 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 502.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 502.60 55.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 502.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 502.60 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 502.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 502.60 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 464.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 464.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 464.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 464.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 464.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 464.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 464.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 464.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 464.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 478.6 m 323.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 464.6 m 323.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 478.6 m 327.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 464.6 m 327.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 478.6 m 383.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 464.6 m 383.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 478.6 m 387.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 464.6 m 387.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 478.6 m 442.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 464.6 m 442.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 478.6 m 446.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 464.6 m 446.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 478.6 m 502.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 464.6 m 502.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 478.6 m 506.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 464.6 m 506.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 478.6 m 562.5 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 464.6 m 562.5 464.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 605.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.00 614.33 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 604.33 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 614.33 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 604.33 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 591.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 591.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 591.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 591.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 86.05 577.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.76 577.17 Td (benefit/\(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 577.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 577.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 577.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 577.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 563.17 Td (Bermuda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.30 563.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.30 563.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.30 563.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 563.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 549.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.95 549.17 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.30 549.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.95 549.17 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.30 549.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.95 549.17 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 549.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 549.17 Td (\(200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 549.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.17 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 91.03 535.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 105.74 535.17 Td (benefit/\(expense\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 535.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 535.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 535.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 535.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 521.17 Td (Bermuda) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.30 521.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.30 521.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 521.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 521.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 507.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 507.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.30 507.17 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 507.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 507.17 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 493.17 Td (T) Tj ET Q q 0 0 0 rg BT 64.41 493.17 Td (ax ) Tj ET Q q 0 0 0 rg BT 76.74 493.17 Td (related ) Tj ET Q q 0 0 0 rg BT 106.84 493.17 Td (to ) Tj ET Q q 0 0 0 rg BT 117.51 493.17 Td (internal ) Tj ET Q q 0 0 0 rg BT 150.95 493.17 Td (sale ) Tj ET Q q 0 0 0 rg BT 169.39 493.17 Td (of ) Tj ET Q q 0 0 0 rg BT 180.62 493.17 Td (assets ) Tj ET Q q 0 0 0 rg BT 206.84 493.17 Td (in ) Tj ET Q q 0 0 0 rg BT 217.51 493.17 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 257.97 493.17 Td (,amortized ) Tj ET Q q 0 0 0 rg BT 308.35 493.17 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 483.17 Td (group ) Tj ET Q q 0 0 0 rg BT 84.83 483.17 Td (purposes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.30 483.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.30 483.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.30 483.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 483.27 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 483.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 469.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 469.28 Td (otal ) Tj ET Q q 0 0 0 rg BT 77.36 469.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 93.19 469.28 Td (benefit/\(expense\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.95 469.28 Td (\(51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.30 469.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.95 469.28 Td (\(1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.30 469.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.95 469.28 Td (\(19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.30 469.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.95 469.28 Td (\(154) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 469.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 455.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 455.17 Td (fective ) Tj ET Q q 0 0 0 rg BT 91.96 455.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 106.68 455.17 Td (rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.45 455.17 Td (\(25.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.30 455.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.45 455.17 Td (\(0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.30 455.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.45 455.17 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 455.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 455.17 Td (\(5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 455.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 427.10 Td (ef) Tj ET Q q 0 0 0 rg BT 75.74 427.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 105.54 427.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 120.36 427.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 137.95 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.21 427.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.03 427.10 Td (three ) Tj ET Q q 0 0 0 rg BT 189.61 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.65 427.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.31 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.91 427.10 Td (months ) Tj ET Q q 0 0 0 rg BT 267.96 427.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.44 427.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 353.12 427.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.12 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.72 427.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 427.10 Td (25.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.83 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.43 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.03 427.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.07 427.10 Td (0.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.90 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.50 427.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 504.16 427.10 Td (. ) Tj ET Q q 0 0 0 rg BT 509.08 427.10 Td (The ) Tj ET Q q 0 0 0 rg BT 527.22 427.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.81 427.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.35 415.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 81.46 415.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.25 415.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.60 415.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.26 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.39 415.10 Td (months ) Tj ET Q q 0 0 0 rg BT 169.96 415.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.97 415.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 254.19 415.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.19 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.32 415.10 Td (has ) Tj ET Q q 0 0 0 rg BT 291.78 415.10 Td (been ) Tj ET Q q 0 0 0 rg BT 312.78 415.10 Td (positively ) Tj ET Q q 0 0 0 rg BT 354.36 415.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 393.14 415.10 Td (by ) Tj ET Q q 0 0 0 rg BT 405.27 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.62 415.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 461.74 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.20 415.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 511.54 415.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.88 415.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 564.50 415.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.66 403.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 101.37 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 113.87 403.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 179.69 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.52 403.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 224.13 403.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 259.39 403.10 Td (which ) Tj ET Q q 0 0 0 rg BT 286.33 403.10 Td (was ) Tj ET Q q 0 0 0 rg BT 304.38 403.10 Td (not ) Tj ET Q q 0 0 0 rg BT 319.66 403.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 350.49 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.77 403.10 Td (taxation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.22 379.10 Td (Company) Tj ET Q q 0 0 0 rg BT 106.46 379.10 Td (, ) Tj ET Q q 0 0 0 rg BT 111.63 379.10 Td (including ) Tj ET Q q 0 0 0 rg BT 152.08 379.10 Td (its ) Tj ET Q q 0 0 0 rg BT 164.21 379.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 216.60 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.94 379.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 257.49 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.94 379.10 Td (several ) Tj ET Q q 0 0 0 rg BT 298.93 379.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 351.05 379.10 Td (based ) Tj ET Q q 0 0 0 rg BT 376.49 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 389.17 379.10 Td (its ) Tj ET Q q 0 0 0 rg BT 401.29 379.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 415.07 379.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 461.31 379.10 Td (A) Tj ET Q q 0 0 0 rg BT 467.98 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.66 379.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 488.90 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.35 379.10 Td (one ) Tj ET Q q 0 0 0 rg BT 516.46 379.10 Td (jurisdiction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.60 367.10 Td (not ) Tj ET Q q 0 0 0 rg BT 84.76 367.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.58 367.10 Td (of) Tj ET Q q 0 0 0 rg BT 104.73 367.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 121.55 367.10 Td (against ) Tj ET Q q 0 0 0 rg BT 152.26 367.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 183.51 367.10 Td (income ) Tj ET Q q 0 0 0 rg BT 215.33 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.49 367.10 Td (another ) Tj ET Q q 0 0 0 rg BT 257.85 367.10 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 308.11 367.10 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 333.00 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.59 367.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 388.86 367.10 Td (may ) Tj ET Q q 0 0 0 rg BT 408.46 367.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 425.28 367.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 439.88 367.10 Td (within ) Tj ET Q q 0 0 0 rg BT 467.82 367.10 Td (some ) Tj ET Q q 0 0 0 rg BT 491.31 367.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 543.13 367.10 Td (even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (though ) Tj ET Q q 0 0 0 rg BT 80.28 355.10 Td (it ) Tj ET Q q 0 0 0 rg BT 88.33 355.10 Td (might ) Tj ET Q q 0 0 0 rg BT 114.17 355.10 Td (have ) Tj ET Q q 0 0 0 rg BT 135.55 355.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.49 355.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 177.75 355.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 195.81 355.10 Td (at ) Tj ET Q q 0 0 0 rg BT 205.53 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.24 355.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 273.29 355.10 Td (level.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.83 331.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 104.23 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 117.74 331.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.80 331.10 Td (three ) Tj ET Q q 0 0 0 rg BT 153.64 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.92 331.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.58 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.43 331.10 Td (months ) Tj ET Q q 0 0 0 rg BT 229.72 331.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.45 331.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 313.38 331.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.38 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.23 331.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.51 331.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.51 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.36 331.10 Td (dif) Tj ET Q q 0 0 0 rg BT 384.29 331.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 406.67 331.10 Td (from ) Tj ET Q q 0 0 0 rg BT 427.96 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.03 331.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 473.87 331.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 515.15 331.10 Td (by ) Tj ET Q q 0 0 0 rg BT 527.00 331.10 Td (applying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 319.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 102.21 319.10 Td (income ) Tj ET Q q 0 0 0 rg BT 134.15 319.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.86 319.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 166.35 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.18 319.10 Td (0% ) Tj ET Q q 0 0 0 rg BT 193.01 319.10 Td (as ) Tj ET Q q 0 0 0 rg BT 203.84 319.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 259.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 259.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 259.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 259.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 259.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 259.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 259.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 259.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 231.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 231.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 231.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 231.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 231.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 231.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 231.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 231.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 231.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 217.60000000000002 m 323.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 203.60000000000002 m 323.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 217.60000000000002 m 327.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 203.60000000000002 m 327.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 217.60000000000002 m 383.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 203.60000000000002 m 383.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 217.60000000000002 m 387.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 203.60000000000002 m 387.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 217.60000000000002 m 442.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 203.60000000000002 m 442.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 217.60000000000002 m 446.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 203.60000000000002 m 446.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 217.60000000000002 m 502.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 203.60000000000002 m 502.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 217.60000000000002 m 506.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 203.60000000000002 m 506.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 217.60000000000002 m 562.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 203.60000000000002 m 562.5 203.60000000000002 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 278.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.00 287.33 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 277.33 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 287.33 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 277.33 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 264.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 264.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 264.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 264.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 264.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.17 Td (Income ) Tj ET Q q 0 0 0 rg BT 85.49 250.17 Td (taxes ) Tj ET Q q 0 0 0 rg BT 108.53 250.17 Td (at ) Tj ET Q q 0 0 0 rg BT 118.25 250.17 Td (statutory ) Tj ET Q q 0 0 0 rg BT 155.74 250.17 Td (rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 250.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 250.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 250.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 250.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 236.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.35 236.17 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.74 236.17 Td (of ) Tj ET Q q 0 0 0 rg BT 90.57 236.17 Td (transfers ) Tj ET Q q 0 0 0 rg BT 127.50 236.17 Td (to ) Tj ET Q q 0 0 0 rg BT 137.78 236.17 Td (new ) Tj ET Q q 0 0 0 rg BT 156.94 236.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 171.66 236.17 Td (jurisdictions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 236.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 236.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 236.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 236.22 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 236.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 222.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 222.17 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.74 222.17 Td (of ) Tj ET Q q 0 0 0 rg BT 90.57 222.17 Td (taxable ) Tj ET Q q 0 0 0 rg BT 121.95 222.17 Td (income ) Tj ET Q q 0 0 0 rg BT 153.88 222.17 Td (in ) Tj ET Q q 0 0 0 rg BT 164.16 222.17 Td (various ) Tj ET Q q 0 0 0 rg BT 196.10 222.17 Td (countries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 222.22 Td (\(51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 222.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.30 222.22 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 222.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 222.22 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 222.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 222.22 Td (\(150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 222.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 208.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 208.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.30 208.33 Td (\(51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 208.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.30 208.33 Td (\(1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.65 208.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 208.33 Td (\(19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 208.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 208.33 Td (\(154) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 208.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 78.13 180.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 90.63 180.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 124.60 180.10 Td (T) Tj ET Q q 0 0 0 rg BT 130.36 180.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 88.68 156.10 Td (income ) Tj ET Q q 0 0 0 rg BT 121.26 156.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 144.95 156.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 173.63 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.00 156.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 219.36 156.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.84 156.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 275.08 156.10 Td (dif) Tj ET Q q 0 0 0 rg BT 286.01 156.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 322.46 156.10 Td (between ) Tj ET Q q 0 0 0 rg BT 358.93 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.29 156.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 407.43 156.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.91 156.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 445.39 156.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.98 156.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 503.34 156.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.35 156.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.75 144.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 127.18 144.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 165.50 144.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.71 144.10 Td (such ) Tj ET Q q 0 0 0 rg BT 203.81 144.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 240.46 144.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 287.10 144.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.53 144.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 316.51 144.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 357.13 144.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.45 144.10 Td (net ) Tj ET Q q 0 0 0 rg BT 390.44 144.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 426.51 144.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.50 144.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 463.71 144.10 Td (\(liability\) ) Tj ET Q q 0 0 0 rg BT 504.25 144.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 538.69 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 144.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td () Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 742.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 88.23 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 92.87 742.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 104.63 742.10 Td (Assets:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 692.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 692.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 692.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 692.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 692.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 664.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 664.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 664.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 664.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 664.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 636.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 636.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 636.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 636.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 636.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 650.6 m 443.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 636.6 m 443.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 650.6 m 447.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 636.6 m 447.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 650.6 m 502.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 636.6 m 502.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 650.6 m 506.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 636.6 m 506.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 650.6 m 562.5 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 636.6 m 562.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 622.6 m 443.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 608.6 m 443.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 622.6 m 447.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 608.6 m 447.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 622.6 m 502.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 608.6 m 502.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 622.6 m 506.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 608.6 m 506.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 622.6 m 562.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 608.6 m 562.5 608.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 711.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.85 721.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 711.28 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.85 721.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 711.28 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 697.17 Td (Pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 697.17 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 697.17 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 683.17 Td (Provisions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 683.17 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 683.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 669.17 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.94 669.17 Td (operating ) Tj ET Q q 0 0 0 rg BT 110.20 669.17 Td (losses ) Tj ET Q q 0 0 0 rg BT 136.59 669.17 Td (carried ) Tj ET Q q 0 0 0 rg BT 166.85 669.17 Td (forward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 669.17 Td (291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 669.17 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 655.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 655.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 655.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 641.28 Td (Gr) Tj ET Q q 0 0 0 rg BT 65.13 641.28 Td (oss ) Tj ET Q q 0 0 0 rg BT 80.32 641.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 106.87 641.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 119.28 641.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.11 641.28 Td (asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 641.28 Td (333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 641.28 Td (152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.17 Td (V) Tj ET Q q 0 0 0 rg BT 59.11 627.17 Td (aluation ) Tj ET Q q 0 0 0 rg BT 93.83 627.17 Td (allowance ) Tj ET Q q 0 0 0 rg BT 136.86 627.17 Td (related ) Tj ET Q q 0 0 0 rg BT 166.56 627.17 Td (to ) Tj ET Q q 0 0 0 rg BT 176.84 627.17 Td (net ) Tj ET Q q 0 0 0 rg BT 191.55 627.17 Td (operating ) Tj ET Q q 0 0 0 rg BT 231.82 627.17 Td (losses ) Tj ET Q q 0 0 0 rg BT 258.21 627.17 Td (carried ) Tj ET Q q 0 0 0 rg BT 288.46 627.17 Td (forward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 627.22 Td (\(280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 627.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 627.22 Td (\(115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 627.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 613.28 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 613.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 96.96 613.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 109.46 613.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 125.29 613.28 Td (asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 613.28 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 613.28 Td (37) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 585.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 585.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 88.23 585.10 Td (T) Tj ET Q q 0 0 0 rg BT 92.87 585.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 104.81 585.10 Td (Liability:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 535.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 535.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 535.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 535.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 535.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 507.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 507.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 507.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 507.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 507.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 479.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 479.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 479.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 479.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 479.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 493.6 m 443.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 479.6 m 443.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 493.6 m 447.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 479.6 m 447.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 493.6 m 502.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 479.6 m 502.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 493.6 m 506.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 479.6 m 506.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 493.6 m 562.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 479.6 m 562.5 479.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 465.6 m 443.5 465.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 465.6 m 447.5 465.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 465.6 m 502.5 465.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 465.6 m 506.5 465.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 465.6 m 562.5 465.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 564.31 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 554.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.85 564.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 554.28 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.85 564.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 554.28 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.17 Td (Property) Tj ET Q q 0 0 0 rg BT 87.11 540.17 Td (, ) Tj ET Q q 0 0 0 rg BT 91.79 540.17 Td (plant ) Tj ET Q q 0 0 0 rg BT 114.28 540.17 Td (and ) Tj ET Q q 0 0 0 rg BT 131.22 540.17 Td (equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 540.22 Td (\(60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 540.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 540.22 Td (\(60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 540.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 526.17 Td (Gain ) Tj ET Q q 0 0 0 rg BT 74.94 526.17 Td (from ) Tj ET Q q 0 0 0 rg BT 96.88 526.17 Td (sale ) Tj ET Q q 0 0 0 rg BT 114.92 526.17 Td (of ) Tj ET Q q 0 0 0 rg BT 125.75 526.17 Td (fixed ) Tj ET Q q 0 0 0 rg BT 148.80 526.17 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 526.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 526.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 512.17 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 86.61 512.17 Td (exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 512.22 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 512.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 512.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 498.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 498.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 484.28 Td (Gr) Tj ET Q q 0 0 0 rg BT 65.13 484.28 Td (oss ) Tj ET Q q 0 0 0 rg BT 80.32 484.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 106.87 484.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 119.28 484.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.11 484.28 Td (liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 484.33 Td (\(67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 484.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 484.33 Td (\(60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 484.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 470.28 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 470.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 96.96 470.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 109.46 470.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 125.29 470.28 Td (liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 470.33 Td (\(14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 470.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 470.33 Td (\(23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 470.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.94 442.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 102.74 442.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 125.79 442.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.50 442.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 180.76 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.59 442.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 406.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 406.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 406.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 406.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 406.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 378.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 378.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 378.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 378.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 378.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 350.60 393.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 350.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 350.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 350.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 350.60 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 350.6 m 443.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 336.6 m 443.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 350.6 m 502.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 336.6 m 502.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 350.6 m 562.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 336.6 m 562.5 336.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 411.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.85 421.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 411.28 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.85 421.28 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 411.28 Td (31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.17 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 98.83 397.17 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.63 397.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.35 397.17 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 397.17 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 397.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 383.17 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 98.26 383.17 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.07 383.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.79 383.17 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 383.17 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 383.17 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 369.17 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 98.83 369.17 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.63 369.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.35 369.17 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 369.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 369.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 355.17 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 98.26 355.17 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.07 355.17 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.79 355.17 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 355.22 Td (\(67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 355.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 355.22 Td (\(60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 355.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 341.28 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 341.28 Td (deferr) Tj ET Q q 0 0 0 rg BT 96.96 341.28 Td (ed ) Tj ET Q q 0 0 0 rg BT 109.46 341.28 Td (tax ) Tj ET Q q 0 0 0 rg BT 125.29 341.28 Td (liability) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.30 341.33 Td (\(14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 341.28 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 341.33 Td (\(23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 341.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 78.61 313.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 109.98 313.10 Td (income ) Tj ET Q q 0 0 0 rg BT 141.91 313.10 Td (justifies ) Tj ET Q q 0 0 0 rg BT 176.08 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.80 313.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 229.96 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.79 313.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.51 313.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 273.57 313.10 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 335.48 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.76 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.47 313.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 406.84 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.67 313.10 Td (net ) Tj ET Q q 0 0 0 rg BT 432.39 313.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 468.19 313.10 Td (taxes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (Uncertain ) Tj ET Q q 0 0 0 rg BT 95.09 289.10 Td (T) Tj ET Q q 0 0 0 rg BT 100.84 289.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 113.34 289.10 Td (Positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 81.91 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.71 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.40 265.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 154.45 265.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 201.35 265.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 251.04 265.10 Td (have ) Tj ET Q q 0 0 0 rg BT 272.40 265.10 Td (been ) Tj ET Q q 0 0 0 rg BT 293.75 265.10 Td (party ) Tj ET Q q 0 0 0 rg BT 316.77 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.02 265.10 Td (an ) Tj ET Q q 0 0 0 rg BT 338.93 265.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 374.18 265.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 405.54 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.79 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.70 265.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 437.39 265.10 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 492.07 265.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 519.55 265.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.80 265.10 Td (October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 253.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 72.91 253.10 Td (by ) Tj ET Q q 0 0 0 rg BT 86.18 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.68 253.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 149.39 253.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.88 253.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 210.37 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.43 253.10 Td (regards ) Tj ET Q q 0 0 0 rg BT 254.13 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.19 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.68 253.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 314.50 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.11 253.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 356.59 253.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 379.30 253.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 411.46 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.51 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.23 253.10 Td (dif) Tj ET Q q 0 0 0 rg BT 441.16 253.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 467.75 253.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.25 253.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 532.08 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 253.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 92.36 241.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.94 241.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 153.74 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.00 241.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 208.46 241.10 Td (currency) Tj ET Q q 0 0 0 rg BT 242.79 241.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.21 241.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.14 241.10 Td (In ) Tj ET Q q 0 0 0 rg BT 261.74 241.10 Td (April ) Tj ET Q q 0 0 0 rg BT 285.78 241.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 308.70 241.10 Td (these ) Tj ET Q q 0 0 0 rg BT 332.17 241.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 382.31 241.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 414.66 241.10 Td (into ) Tj ET Q q 0 0 0 rg BT 433.14 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.50 241.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 484.52 241.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 529.09 241.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 241.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 97.66 229.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.11 229.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 158.55 229.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 196.78 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.79 229.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 262.13 229.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 284.79 229.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 336.34 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.35 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.80 229.10 Td (Oslo ) Tj ET Q q 0 0 0 rg BT 384.93 229.10 Td (District ) Tj ET Q q 0 0 0 rg BT 418.15 229.10 Td (Court. ) Tj ET Q q 0 0 0 rg BT 446.67 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.66 229.10 Td (The ) Tj ET Q q 0 0 0 rg BT 468.44 229.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 493.89 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.46 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.90 229.10 Td (settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.94 217.10 Td (include ) Tj ET Q q 0 0 0 rg BT 127.67 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.18 217.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 185.37 217.10 Td (making ) Tj ET Q q 0 0 0 rg BT 218.66 217.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.40 217.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.46 217.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 285.19 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.27 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.78 217.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 327.30 217.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 372.81 217.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.76 217.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 432.16 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.79 217.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 475.96 217.10 Td (reassessments ) Tj ET Q q 0 0 0 rg BT 535.36 217.10 Td (agreed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (between ) Tj ET Q q 0 0 0 rg BT 87.20 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.30 205.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 136.35 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.23 205.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 185.24 205.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 230.22 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.44 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.54 205.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 313.52 205.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 344.62 205.10 Td (from ) Tj ET Q q 0 0 0 rg BT 367.94 205.10 Td (these ) Tj ET Q q 0 0 0 rg BT 392.38 205.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 428.20 205.10 Td (we ) Tj ET Q q 0 0 0 rg BT 443.74 205.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 491.49 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.82 205.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 538.12 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 205.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 106.88 193.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.10 193.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 159.27 193.10 Td (including ) Tj ET Q q 0 0 0 rg BT 200.06 193.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 232.50 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.96 193.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 288.51 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.85 193.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 360.63 193.10 Td ($147 ) Tj ET Q q 0 0 0 rg BT 383.64 193.10 Td (million ) Tj ET Q q 0 0 0 rg BT 415.54 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.88 193.10 Td (which ) Tj ET Q q 0 0 0 rg BT 454.34 193.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 515.11 193.10 Td ($94 ) Tj ET Q q 0 0 0 rg BT 533.12 193.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.94 181.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.88 181.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 108.04 181.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 137.75 181.10 Td (on ) Tj ET Q q 0 0 0 rg BT 150.25 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.75 181.10 Td (ef) Tj ET Q q 0 0 0 rg BT 160.34 181.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 190.04 181.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.76 181.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 222.25 181.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.41 181.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.12 181.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.78 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.28 181.10 Td (months ) Tj ET Q q 0 0 0 rg BT 312.23 181.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 181.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 397.19 181.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.19 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.69 181.10 Td (as ) Tj ET Q q 0 0 0 rg BT 430.52 181.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 455.23 181.10 Td (above.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 742.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 79.99 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 742.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 128.89 742.25 Td (per) Tj ET Q q 0 0 0 rg BT 143.15 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 145.65 742.25 Td (shar) Tj ET Q q 0 0 0 rg BT 164.36 742.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.12 718.25 Td (computation ) Tj ET Q q 0 0 0 rg BT 120.68 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.58 718.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 154.69 718.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 191.14 718.25 Td (per ) Tj ET Q q 0 0 0 rg BT 206.48 718.25 Td (share ) Tj ET Q q 0 0 0 rg BT 230.15 718.25 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 265.49 718.25 Td (is ) Tj ET Q q 0 0 0 rg BT 274.73 718.25 Td (based ) Tj ET Q q 0 0 0 rg BT 300.06 718.25 Td (on ) Tj ET Q q 0 0 0 rg BT 312.63 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.42 718.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 366.65 718.25 Td (average ) Tj ET Q q 0 0 0 rg BT 400.30 718.25 Td (number ) Tj ET Q q 0 0 0 rg BT 433.42 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.32 718.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 471.88 718.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 521.11 718.25 Td (during ) Tj ET Q q 0 0 0 rg BT 549.79 718.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 80.55 706.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 113.04 706.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 132.77 706.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 168.60 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.32 706.25 Td (ef) Tj ET Q q 0 0 0 rg BT 190.90 706.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 208.39 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.22 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.94 706.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 270.87 706.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 317.25 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.08 706.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 373.35 706.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 406.40 706.25 Td (instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 682.25 Td (components ) Tj ET Q q 0 0 0 rg BT 118.87 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.70 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.42 682.25 Td (numerator ) Tj ET Q q 0 0 0 rg BT 188.01 682.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.17 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.89 682.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 263.26 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.09 682.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 297.13 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.07 682.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 344.35 682.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 364.08 682.25 Td (are ) Tj ET Q q 0 0 0 rg BT 378.78 682.25 Td (as ) Tj ET Q q 0 0 0 rg BT 389.61 682.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.75 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 621.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 621.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 621.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 621.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.75 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 593.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 593.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 593.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 593.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 593.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.75 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 565.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 565.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 565.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 565.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 565.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 565.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 565.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 565.75 56.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 593.75 m 323.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 579.75 m 323.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 593.75 m 327.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 579.75 m 327.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 593.75 m 383.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 579.75 m 383.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 593.75 m 387.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 579.75 m 387.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 593.75 m 442.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 579.75 m 442.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 593.75 m 446.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 579.75 m 446.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 593.75 m 502.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 579.75 m 502.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 593.75 m 506.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 579.75 m 506.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 593.75 m 562.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 579.75 m 562.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 565.75 m 323.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 551.75 m 323.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 565.75 m 327.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 551.75 m 327.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 565.75 m 383.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 551.75 m 383.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 565.75 m 387.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 551.75 m 387.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 565.75 m 442.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 551.75 m 442.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 565.75 m 446.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 551.75 m 446.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 565.75 m 502.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 551.75 m 502.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 565.75 m 506.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 551.75 m 506.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 565.75 m 562.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 551.75 m 562.5 551.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 640.46 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.00 650.43 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 640.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 650.43 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 640.43 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 626.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 626.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 626.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 626.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.32 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.94 612.32 Td (income ) Tj ET Q q 0 0 0 rg BT 101.87 612.32 Td (attributable ) Tj ET Q q 0 0 0 rg BT 149.91 612.32 Td (to ) Tj ET Q q 0 0 0 rg BT 160.19 612.32 Td (the ) Tj ET Q q 0 0 0 rg BT 174.90 612.32 Td (parent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 612.32 Td (157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 612.32 Td (231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 612.32 Td (3,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 612.32 Td (2,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.32 Td (Less: ) Tj ET Q q 0 0 0 rg BT 76.33 598.32 Td (Allocation ) Tj ET Q q 0 0 0 rg BT 120.77 598.32 Td (to ) Tj ET Q q 0 0 0 rg BT 131.05 598.32 Td (participating ) Tj ET Q q 0 0 0 rg BT 184.08 598.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 598.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 598.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 598.37 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 598.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 598.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 584.43 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 584.43 Td (income ) Tj ET Q q 0 0 0 rg BT 103.54 584.43 Td (available ) Tj ET Q q 0 0 0 rg BT 144.37 584.43 Td (to ) Tj ET Q q 0 0 0 rg BT 155.20 584.43 Td (shar) Tj ET Q q 0 0 0 rg BT 174.00 584.43 Td (eholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 584.43 Td (157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 584.43 Td (231) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 584.43 Td (3,973) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 584.43 Td (2,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.32 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 570.32 Td (fect ) Tj ET Q q 0 0 0 rg BT 79.74 570.32 Td (of ) Tj ET Q q 0 0 0 rg BT 90.57 570.32 Td (dilution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 570.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 570.32 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 570.32 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 570.32 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 556.43 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 87.17 556.43 Td (net ) Tj ET Q q 0 0 0 rg BT 103.00 556.43 Td (income ) Tj ET Q q 0 0 0 rg BT 136.05 556.43 Td (available ) Tj ET Q q 0 0 0 rg BT 176.88 556.43 Td (to ) Tj ET Q q 0 0 0 rg BT 187.71 556.43 Td (shar) Tj ET Q q 0 0 0 rg BT 206.42 556.43 Td (eholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 556.43 Td (157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 556.43 Td (241) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 556.43 Td (4,090) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 556.43 Td (2,691) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 528.25 Td (components ) Tj ET Q q 0 0 0 rg BT 118.87 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.70 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.42 528.25 Td (denominator ) Tj ET Q q 0 0 0 rg BT 197.46 528.25 Td (for ) Tj ET Q q 0 0 0 rg BT 211.62 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.34 528.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 272.71 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.54 528.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 306.58 528.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.52 528.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 353.79 528.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 373.53 528.25 Td (are ) Tj ET Q q 0 0 0 rg BT 388.23 528.25 Td (as ) Tj ET Q q 0 0 0 rg BT 399.06 528.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 467.75 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 467.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 467.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 467.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 467.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 467.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 467.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 467.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 467.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 439.75 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 439.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 439.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 439.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 439.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 439.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 439.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 439.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 439.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 411.75 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 411.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 411.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 411.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 411.75 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 411.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 411.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 411.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 411.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.75 273.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 383.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 383.75 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 383.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 383.75 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 383.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 383.75 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 383.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 383.75 56.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 383.75 m 323.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 358.75 m 323.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 383.75 m 327.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 358.75 m 327.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 383.75 m 383.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 358.75 m 383.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 383.75 m 387.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 358.75 m 387.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 383.75 m 442.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 358.75 m 442.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 383.75 m 446.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 358.75 m 446.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 383.75 m 502.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 358.75 m 502.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 383.75 m 506.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 358.75 m 506.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 383.75 m 562.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 358.75 m 562.5 358.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 486.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 55.50 486.42 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.00 496.43 Td (Three Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 486.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 496.43 Td (Twelve Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 486.43 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 472.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 472.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 472.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 472.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 472.43 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 458.31 Td (Basic ) Tj ET Q q 0 0 0 rg BT 77.72 458.31 Td (earnings ) Tj ET Q q 0 0 0 rg BT 115.22 458.31 Td (per ) Tj ET Q q 0 0 0 rg BT 131.05 458.31 Td (shar) Tj ET Q q 0 0 0 rg BT 148.64 458.31 Td (e:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 458.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 458.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 458.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 458.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 444.32 Td (W) Tj ET Q q 0 0 0 rg BT 68.04 444.32 Td (eighted ) Tj ET Q q 0 0 0 rg BT 99.57 444.32 Td (average ) Tj ET Q q 0 0 0 rg BT 133.16 444.32 Td (number ) Tj ET Q q 0 0 0 rg BT 166.20 444.32 Td (of ) Tj ET Q q 0 0 0 rg BT 177.03 444.32 Td (common ) Tj ET Q q 0 0 0 rg BT 214.53 444.32 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.02 444.32 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 444.32 Td (493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 444.32 Td (469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 444.32 Td (478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 444.32 Td (469) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 430.31 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 85.50 430.31 Td (earnings ) Tj ET Q q 0 0 0 rg BT 123.00 430.31 Td (per ) Tj ET Q q 0 0 0 rg BT 138.83 430.31 Td (shar) Tj ET Q q 0 0 0 rg BT 156.24 430.31 Td (e:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 430.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 430.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 430.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 430.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 416.32 Td (W) Tj ET Q q 0 0 0 rg BT 68.04 416.32 Td (eighted ) Tj ET Q q 0 0 0 rg BT 99.57 416.32 Td (average ) Tj ET Q q 0 0 0 rg BT 133.16 416.32 Td (number ) Tj ET Q q 0 0 0 rg BT 166.20 416.32 Td (of ) Tj ET Q q 0 0 0 rg BT 177.03 416.32 Td (common ) Tj ET Q q 0 0 0 rg BT 214.53 416.32 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.02 416.32 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 416.32 Td (493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 416.32 Td (469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 416.32 Td (478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 416.32 Td (469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 402.32 Td (Ef) Tj ET Q q 0 0 0 rg BT 68.35 402.32 Td (fect ) Tj ET Q q 0 0 0 rg BT 85.74 402.32 Td (of ) Tj ET Q q 0 0 0 rg BT 96.57 402.32 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 129.63 402.32 Td (share ) Tj ET Q q 0 0 0 rg BT 153.22 402.32 Td (options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 402.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 402.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 402.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 402.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 388.32 Td (Ef) Tj ET Q q 0 0 0 rg BT 68.26 388.32 Td (fect ) Tj ET Q q 0 0 0 rg BT 85.74 388.32 Td (of ) Tj ET Q q 0 0 0 rg BT 96.57 388.32 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 129.63 388.32 Td (convertible ) Tj ET Q q 0 0 0 rg BT 177.11 388.32 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 388.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 388.32 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 388.32 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 388.32 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 373.43 Td (W) Tj ET Q q 0 0 0 rg BT 62.45 373.43 Td (eighted ) Tj ET Q q 0 0 0 rg BT 99.69 373.43 Td (average ) Tj ET Q q 0 0 0 rg BT 139.14 373.43 Td (number) Tj ET Q q 0 0 0 rg BT 172.85 373.43 Td ( ) Tj ET Q q 0 0 0 rg BT 178.99 373.43 Td (of ) Tj ET Q q 0 0 0 rg BT 193.45 373.43 Td (common ) Tj ET Q q 0 0 0 rg BT 236.25 373.43 Td (shar) Tj ET Q q 0 0 0 rg BT 254.96 373.43 Td (es ) Tj ET Q q 0 0 0 rg BT 269.42 373.43 Td (outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 363.43 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 92.17 363.43 Td (for) Tj ET Q q 0 0 0 rg BT 104.76 363.43 Td ( ) Tj ET Q q 0 0 0 rg BT 107.26 363.43 Td (the ) Tj ET Q q 0 0 0 rg BT 123.09 363.43 Td (effects ) Tj ET Q q 0 0 0 rg BT 152.79 363.43 Td (of ) Tj ET Q q 0 0 0 rg BT 163.62 363.43 Td (dilution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 363.43 Td (493) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 363.43 Td (492) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 363.43 Td (493) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 363.43 Td (492) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 311.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 79.99 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.49 311.25 Td (Marketable ) Tj ET Q q 0 0 0 rg BT 139.98 311.25 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.59 287.25 Td (historic ) Tj ET Q q 0 0 0 rg BT 101.62 287.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 120.77 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.13 287.25 Td (marketable ) Tj ET Q q 0 0 0 rg BT 179.59 287.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 220.39 287.25 Td (is ) Tj ET Q q 0 0 0 rg BT 230.10 287.25 Td (marked ) Tj ET Q q 0 0 0 rg BT 263.13 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.94 287.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 307.25 287.25 Td (with ) Tj ET Q q 0 0 0 rg BT 328.06 287.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 363.31 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.13 287.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 391.04 287.25 Td (value ) Tj ET Q q 0 0 0 rg BT 415.73 287.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 462.64 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 473.45 287.25 Td (other ) Tj ET Q q 0 0 0 rg BT 501.48 287.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (income ) Tj ET Q q 0 0 0 rg BT 86.37 275.25 Td (\(OCI\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (Marketable ) Tj ET Q q 0 0 0 rg BT 97.58 251.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 137.39 251.25 Td (held ) Tj ET Q q 0 0 0 rg BT 156.65 251.25 Td (by ) Tj ET Q q 0 0 0 rg BT 168.70 251.25 Td (us ) Tj ET Q q 0 0 0 rg BT 179.63 251.25 Td (include ) Tj ET Q q 0 0 0 rg BT 211.11 251.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.16 251.25 Td (an ) Tj ET Q q 0 0 0 rg BT 224.64 251.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 270.57 251.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.40 251.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 345.19 251.25 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 388.33 251.25 Td (Bhd ) Tj ET Q q 0 0 0 rg BT 407.05 251.25 Td (\(SapuraKencana\) ) Tj ET Q q 0 0 0 rg BT 487.38 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.86 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.13 251.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 239.25 Td (common ) Tj ET Q q 0 0 0 rg BT 97.77 239.25 Td (units ) Tj ET Q q 0 0 0 rg BT 119.72 239.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.00 239.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 163.60 239.25 Td (Partners. ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Marketable ) Tj ET Q q 0 0 0 rg BT 98.03 730.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 138.30 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.23 730.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 189.94 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.22 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 221.04 730.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 256.86 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 281.02 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 295.72 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.55 730.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 681.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 681.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 681.60 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 681.60 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 681.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 651.60 200.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 651.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 651.60 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 651.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 651.60 86.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 651.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 651.60 82.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 651.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 651.60 70.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 615.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 615.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 615.60 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 615.60 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 615.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.60 200.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 575.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 575.60 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 575.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 575.60 86.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 575.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 575.60 82.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 575.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 575.60 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 525.60 200.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 525.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 525.60 58.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 525.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 525.60 86.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 525.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 525.60 82.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 525.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 525.60 70.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 476.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 476.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 476.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 476.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 476.60 86.00 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402.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 681.6 m 402.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 695.6 m 406.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 681.6 m 406.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 695.6 m 488.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 681.6 m 488.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 695.6 m 492.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 681.6 m 492.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 695.6 m 562.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 681.6 m 488.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 630.6 m 250.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 615.6 m 250.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 630.6 m 254.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 615.6 m 254.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 630.6 m 312.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 615.6 m 312.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 630.6 m 316.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 615.6 m 316.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 630.6 m 402.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 615.6 m 402.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 630.6 m 406.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 615.6 m 406.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 630.6 m 488.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 615.6 m 488.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 630.6 m 492.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 615.6 m 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254.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 490.6 m 312.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 476.6 m 312.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 490.6 m 316.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 476.6 m 316.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 490.6 m 402.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 476.6 m 402.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 490.6 m 406.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 476.6 m 406.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 490.6 m 488.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 476.6 m 488.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 490.6 m 492.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 476.6 m 492.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 490.6 m 562.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 476.6 m 562.5 476.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 700.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 700.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 700.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.50 700.28 Td (Petromena) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.05 700.28 Td (SapuraKencana) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.05 710.28 Td (seadrill Partners') Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.45 700.28 Td (Common units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.10 700.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 686.28 Td (Net book value at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 686.28 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 686.28 Td (1,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 686.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 686.28 Td (1,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 671.27 Td (Marketable securities short-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 671.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 671.27 Td (412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 671.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 671.27 Td (416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 656.27 Td (Marketable securities long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 656.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 656.27 Td (666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 656.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 656.27 Td (666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 620.28 Td (Net book value at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.65 620.28 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 620.28 Td (1,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 620.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 620.28 Td (1,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.27 Td (Realization of marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 605.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 605.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 605.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 605.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.17 Td (Recognition of investment in seadrill Partners -) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.17 Td (Common units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 580.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 580.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 580.27 Td (671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 580.27 Td (671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.27 Td (Proceeds on disposal of marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 555.32 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 555.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 555.32 Td (\(297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 555.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 555.32 Td (\(307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 555.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 541.17 Td (Purchase of common units in seadrill Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 530.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 530.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 530.27 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 530.27 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.17 Td (Fair market value adjustments recognized in the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.17 Td (statement of other comprehensive income for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 496.17 Td (the period ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 495.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.30 495.32 Td (\(456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 495.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 495.32 Td (\(395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 495.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 495.32 Td (\(851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 495.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 481.28 Td (Net book value at December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.65 481.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.65 481.28 Td (325) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 481.28 Td (426) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 481.28 Td (751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 466.27 Td (Marketable securities short-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 466.27 Td (426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 466.27 Td (426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 451.27 Td (Marketable securities long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 451.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 451.27 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 451.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 451.27 Td (325) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (Marketable securities in SapuraKencana and seadrill Partners with an aggregate fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.57 423.10 Td ($751 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.96 423.10 Td ( are in an unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (loss position. ) Tj ET Q q 0 0 0 rg BT 107.24 411.10 Td (Aggregate unrealized losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.74 411.10 Td ($443 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.14 411.10 Td ( have been recognized within accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 86.75 399.10 Td (These securities have all been in an unrealized loss position for less than 12 months.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 373.7669921875 m 95.263671875 373.7669921875 l s q 0 0 0 rg BT 50.00 375.10 Td (Petromena ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (In February 2014 we received the final payment related to our investment in the 81.1% of the partially redeemed Petromena ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (NOK 2,000 million bond \(Petromena\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.69 351.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.08 351.10 Td (. ) Tj ET Q q 0 0 0 rg BT 275.90 351.10 Td (The residual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.10 351.10 Td ($6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.49 351.10 Td ( after the investment was reduced has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (recorded as a gain in "other financial items" in the consolidated statement of operations. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 313.7669921875 m 180.2685546875 313.7669921875 l s q 0 0 0 rg BT 50.00 315.10 Td (seadrill Partners Common Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (Our holding of the voting common units of seadrill Partners are accounted for as marketable securities on the basis that during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (the subordination period the common units have preferential dividend and liquidation rights, and therefore do not represent a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (in-substance common stock) Tj ET Q q 0 0 0 rg BT 167.01 279.10 Td ( interest as defined by US GAAP) Tj ET Q q 0 0 0 rg BT 298.66 279.10 Td (. ) Tj ET Q q 0 0 0 rg BT 303.48 279.10 Td (These securities were recognized on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.91 279.10 Td (January2, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.51 279.10 Td ( at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (quoted market price and are re-measured at fair value each reporting period. For more details on the deconsolidation of seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (Partners see Note 4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (In March 2014 and June 2014, the Company purchased additional common units in seadrill Partners of 1,633,987 at $30.60 per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (unit and 3,183,700 at $31.41 per unit respectively) Tj ET Q q 0 0 0 rg BT 248.20 219.10 Td (. Our ownership interest in seadrill Partners' common units is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.91 219.10 Td (28.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.74 219.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 207.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 183.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 183.10 Td ( an unrealized loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 183.10 Td ($395 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.39 183.10 Td ( had been recognized in accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 84.25 171.10 Td (W) Tj ET Q q 0 0 0 rg BT 92.89 171.10 Td (e have evaluated the near term prospects of the seadrill Partners in relation to the severity and duration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (impairment. seadrill Partners continues to make significant distributions to its common unitholders. Its drilling units are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 147.10 Td (gely on long term contracts and so it has little exposure to short term movements in market conditions or dayrates. Based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (that evaluation and our ability and intent to hold the investment for a reasonable period of time suf) Tj ET Q q 0 0 0 rg BT 443.88 135.10 Td (ficient for a forecasted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (recovery of fair value, we do not consider the investment to be other) Tj ET Q q 0 0 0 rg BT 323.32 123.10 Td (-than-temporarily impaired at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 123.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.69 123.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 97.76699218750002 m 112.744140625 97.76699218750002 l s q 0 0 0 rg BT 50.00 99.10 Td (SapuraKencana) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.55 87.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.20 87.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.03 87.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.61 87.10 Td (, the Company sold a portion of its investment in SapuraKencana and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (received proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.23 75.10 Td ($297 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.62 75.10 Td (, net of transaction costs. ) Tj ET Q q 0 0 0 rg BT 290.49 75.10 Td (As a result of the sale, a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.34 75.10 Td ($131 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.73 75.10 Td ( was recognized, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (including amounts which had been previously recognized in other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 416.10 63.10 Td (The gain is included in the ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (consolidated statement of operations within "Gain on realization of marketable securities". ) Tj ET Q q 0 0 0 rg BT 416.67 742.10 Td (As a result of this transaction, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ownership interest in SapuraKencana) Tj ET Q q 0 0 0 rg BT 201.89 730.10 Td (s outstanding common shares is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.61 730.10 Td (8.18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.44 730.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 706.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 706.10 Td ( an unrealized loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.50 706.10 Td ($48 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.89 706.10 Td ( had been recognized in accumulated other comprehensive income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 694.10 Td (e have evaluated the near term prospects of SapuraKencana in relation to the severity and duration of the impairment. Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (on that evaluation and our ability and intent to hold the investment for a reasonable period of time suf) Tj ET Q q 0 0 0 rg BT 456.38 682.10 Td (ficient for a forecasted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (recovery of fair value, we do not consider the investment to be other) Tj ET Q q 0 0 0 rg BT 323.32 670.10 Td (-than-temporarily impaired at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 670.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.69 670.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Note 8 Investment in associated companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 598.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.87 598.10 Td (has ) Tj ET Q q 0 0 0 rg BT 124.42 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.85 598.10 Td (following ) Tj ET Q q 0 0 0 rg BT 179.96 598.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 229.95 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.16 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.59 598.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 298.78 598.10 Td (using ) Tj ET Q q 0 0 0 rg BT 322.67 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.11 598.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 364.32 598.10 Td (method ) Tj ET Q q 0 0 0 rg BT 396.53 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.19 598.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 431.52 598.10 Td (method ) Tj ET Q q 0 0 0 rg BT 463.73 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 477.61 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.04 598.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 523.70 598.10 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 586.10 Td (these ) Tj ET Q q 0 0 0 rg BT 83.33 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.81 586.10 Td (statements:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 550.60 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 550.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 550.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 520.60 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 520.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 520.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 520.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.60 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 490.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 490.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 490.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.60 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 460.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 460.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 430.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 430.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 430.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 415.60 300.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 415.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 415.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 415.6 m 350.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 400.6 m 350.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 415.6 m 450.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 400.6 m 450.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 415.6 m 454.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 400.6 m 454.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 415.6 m 554.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 400.6 m 554.5 400.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 555.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.35 555.28 Td (December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.35 555.28 Td (December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.27 Td (Archer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 540.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.27 Td (Seabras Sapura Participacoes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 525.27 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 525.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.27 Td (Seabras Sapura Holdco) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 510.27 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 510.27 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.27 Td (Itaunas Drilling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 495.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 495.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 480.27 Td (Camburi Drilling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 480.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 480.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.27 Td (Sahy Drilling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 465.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 465.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 450.27 Td (seadrill Partners - Total direct ownership interests*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 450.27 Td (2,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 450.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 435.27 Td (seadrill Partners - Subordinated Units*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 435.27 Td (412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 435.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 420.27 Td (seadrill Partners - seadrill Member Interest and IDRs*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 420.27 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 420.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 405.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 405.28 Td (2,898) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 405.28 Td (140) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.30 Td (*As ) Tj ET Q q 0 0 0 rg BT 69.80 378.30 Td (of ) Tj ET Q q 0 0 0 rg BT 81.81 378.30 Td (the ) Tj ET Q q 0 0 0 rg BT 97.71 378.30 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 164.72 378.30 Td (date ) Tj ET Q q 0 0 0 rg BT 185.06 378.30 Td (of ) Tj ET Q q 0 0 0 rg BT 197.07 378.30 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 231.86 378.30 Td (Partners ) Tj ET Q q 0 0 0 rg BT 268.31 378.30 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.99 378.30 Td (January2, ) Tj ET Q q 0 0 0 rg BT 326.78 378.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.78 378.30 Td (, ) Tj ET Q q 0 0 0 rg BT 352.96 378.30 Td (we ) Tj ET Q q 0 0 0 rg BT 368.31 378.30 Td (have ) Tj ET Q q 0 0 0 rg BT 390.87 378.30 Td (reflected ) Tj ET Q q 0 0 0 rg BT 429.52 378.30 Td (the ) Tj ET Q q 0 0 0 rg BT 445.42 378.30 Td (direct ) Tj ET Q q 0 0 0 rg BT 471.87 378.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 517.21 378.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 554.22 378.30 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 99.16 366.30 Td (of ) Tj ET Q q 0 0 0 rg BT 109.42 366.30 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 142.47 366.30 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 179.67 366.30 Td ( ) Tj ET Q q 0 0 0 rg BT 181.61 366.30 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 214.65 366.30 Td (Partners ) Tj ET Q q 0 0 0 rg BT 249.36 366.30 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 302.95 366.30 Td (units, ) Tj ET Q q 0 0 0 rg BT 326.84 366.30 Td (and ) Tj ET Q q 0 0 0 rg BT 343.22 366.30 Td (the ) Tj ET Q q 0 0 0 rg BT 357.37 366.30 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 390.42 366.30 Td (Member ) Tj ET Q q 0 0 0 rg BT 426.23 366.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 458.15 366.30 Td (and ) Tj ET Q q 0 0 0 rg BT 474.53 366.30 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 513.67 366.30 Td (Distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.30 Td (Rights ) Tj ET Q q 0 0 0 rg BT 78.62 354.30 Td (\(IDRs\) ) Tj ET Q q 0 0 0 rg BT 108.89 354.30 Td (as ) Tj ET Q q 0 0 0 rg BT 119.72 354.30 Td (associated ) Tj ET Q q 0 0 0 rg BT 163.32 354.30 Td (companies ) Tj ET Q q 0 0 0 rg BT 208.58 354.30 Td (at ) Tj ET Q q 0 0 0 rg BT 218.30 354.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 259.12 354.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 275.49 354.30 Td (value ) Tj ET Q q 0 0 0 rg BT 299.65 354.30 Td (as ) Tj ET Q q 0 0 0 rg BT 310.48 354.30 Td (of ) Tj ET Q q 0 0 0 rg BT 321.31 354.30 Td (the ) Tj ET Q q 0 0 0 rg BT 336.03 354.30 Td (date ) Tj ET Q q 0 0 0 rg BT 355.18 354.30 Td (of ) Tj ET Q q 0 0 0 rg BT 366.01 354.30 Td (deconsolidation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.30 Td (The ) Tj ET Q q 0 0 0 rg BT 68.31 330.30 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 102.19 330.30 Td (Partners ) Tj ET Q q 0 0 0 rg BT 137.72 330.30 Td (- ) Tj ET Q q 0 0 0 rg BT 143.82 330.30 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 177.69 330.30 Td (Member ) Tj ET Q q 0 0 0 rg BT 214.33 330.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 247.09 330.30 Td (and ) Tj ET Q q 0 0 0 rg BT 264.29 330.30 Td (IDR's ) Tj ET Q q 0 0 0 rg BT 289.98 330.30 Td (are ) Tj ET Q q 0 0 0 rg BT 304.95 330.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 348.25 330.30 Td (for ) Tj ET Q q 0 0 0 rg BT 362.68 330.30 Td (as ) Tj ET Q q 0 0 0 rg BT 373.78 330.30 Td (cost-method ) Tj ET Q q 0 0 0 rg BT 425.98 330.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 476.52 330.30 Td (on ) Tj ET Q q 0 0 0 rg BT 489.29 330.30 Td (the ) Tj ET Q q 0 0 0 rg BT 504.27 330.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 527.04 330.30 Td (that ) Tj ET Q q 0 0 0 rg BT 544.80 330.30 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.30 Td (do ) Tj ET Q q 0 0 0 rg BT 62.37 318.30 Td (not ) Tj ET Q q 0 0 0 rg BT 77.52 318.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 116.54 318.30 Td (common ) Tj ET Q q 0 0 0 rg BT 153.91 318.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 177.39 318.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 213.09 318.30 Td (and ) Tj ET Q q 0 0 0 rg BT 229.90 318.30 Td (their ) Tj ET Q q 0 0 0 rg BT 250.60 318.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 266.85 318.30 Td (value ) Tj ET Q q 0 0 0 rg BT 290.88 318.30 Td (is ) Tj ET Q q 0 0 0 rg BT 299.92 318.30 Td (not ) Tj ET Q q 0 0 0 rg BT 315.07 318.30 Td (readily ) Tj ET Q q 0 0 0 rg BT 345.21 318.30 Td (determinable. ) Tj ET Q q 0 0 0 rg BT 402.11 318.30 Td (The ) Tj ET Q q 0 0 0 rg BT 420.03 318.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 470.18 318.30 Td (are ) Tj ET Q q 0 0 0 rg BT 484.76 318.30 Td (held ) Tj ET Q q 0 0 0 rg BT 504.35 318.30 Td (at ) Tj ET Q q 0 0 0 rg BT 513.94 318.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 532.42 318.30 Td (and ) Tj ET Q q 0 0 0 rg BT 549.23 318.30 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.30 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 104.72 306.30 Td (re-measured. ) Tj ET Q q 0 0 0 rg BT 159.13 306.30 Td (For ) Tj ET Q q 0 0 0 rg BT 175.52 306.30 Td (more ) Tj ET Q q 0 0 0 rg BT 198.57 306.30 Td (details ) Tj ET Q q 0 0 0 rg BT 227.17 306.30 Td (on ) Tj ET Q q 0 0 0 rg BT 239.67 306.30 Td (the ) Tj ET Q q 0 0 0 rg BT 254.39 306.30 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 320.21 306.30 Td (of ) Tj ET Q q 0 0 0 rg BT 331.04 306.30 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 364.64 306.30 Td (Partners ) Tj ET Q q 0 0 0 rg BT 399.91 306.30 Td (see ) Tj ET Q q 0 0 0 rg BT 415.18 306.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 437.12 306.30 Td (4.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 282.30 Td (Sale of 28% limited partner interest in seadrill Operating LP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.30 Td (On July 21, 2014, the Company sold a 28% limited partner interest in seadrill Operating LP) Tj ET Q q 0 0 0 rg BT 417.44 260.30 Td (, a subsidiary of seadrill Partners, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.30 Td (to seadrill Partners LLC for cash consideration of $373 million. ) Tj ET Q q 0 0 0 rg BT 310.88 248.30 Td (This resulted in a loss on sale of investment of $88 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.30 Td (which has been recognized within "share in results from associated companies" in the Company) Tj ET Q q 0 0 0 rg BT 436.67 236.30 Td (s consolidated statement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.30 Td (operations. ) Tj ET Q q 0 0 0 rg BT 98.97 224.30 Td (The Company will continue to account for its remaining 42% limited partner interest in seadrill Operating LP) Tj ET Q q 0 0 0 rg BT 538.50 224.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.30 Td (under the equity method.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 190.30 Td (Sale of investment in seadrill Mobile Units \(Nigeria\) Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.30 Td (On December 30, 2014 the Company sold a 10% equity interest in seadrill Mobile Units \(Nigeria\) Limited, for cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.30 Td (consideration of $7.2 million. ) Tj ET Q q 0 0 0 rg BT 170.91 154.30 Td (This resulted in a gain on sale of investment of $0.4 million, which has been recognized within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.30 Td ("share in results from associated companies" in the Company) Tj ET Q q 0 0 0 rg BT 298.11 142.30 Td (s consolidated statement of operations. ) Tj ET Q q 0 0 0 rg BT 458.16 142.30 Td (The Company will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.30 Td (continue to account for its remaining 29% equity interest in seadrill Mobile Units \(Nigeria\) Limited under the equity method.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 742.25 Td ( - Disposals) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Disposal of the ) Tj ET Q q 0 0 0 rg BT 113.99 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 122.14 718.25 Td (est ) Tj ET Q q 0 0 0 rg BT 135.38 718.25 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (On ) Tj ET Q q 0 0 0 rg BT 65.45 696.25 Td (March ) Tj ET Q q 0 0 0 rg BT 94.79 696.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 110.52 696.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 136.25 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.70 696.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.82 696.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 213.72 696.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.17 696.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 261.28 696.25 Td (that ) Tj ET Q q 0 0 0 rg BT 279.51 696.25 Td (own ) Tj ET Q q 0 0 0 rg BT 299.97 696.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.64 696.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 350.29 696.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.74 696.25 Td (W) Tj ET Q q 0 0 0 rg BT 373.15 696.25 Td (est ) Tj ET Q q 0 0 0 rg BT 387.26 696.25 Td (Auriga ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.27 696.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 437.05 696.25 Td (Auriga ) Tj ET Q q 0 0 0 rg BT 472.49 696.25 Td (business\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.15 696.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.88 696.25 Td (to ) Tj ET Q q 0 0 0 rg BT 530.89 696.25 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 93.33 684.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 133.34 684.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 158.08 684.25 Td (a ) Tj ET Q q 0 0 0 rg BT 165.86 684.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 219.75 684.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 264.20 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.87 684.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 310.32 684.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 346.44 684.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 368.67 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.45 684.25 Td (49% ) Tj ET Q q 0 0 0 rg BT 408.13 684.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 438.13 684.25 Td (by ) Tj ET Q q 0 0 0 rg BT 451.47 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.04 684.25 Td (Company) Tj ET Q q 0 0 0 rg BT 505.27 684.25 Td (. ) Tj ET Q q 0 0 0 rg BT 511.12 684.25 Td ( ) Tj ET Q q 0 0 0 rg BT 514.22 684.25 Td (The ) Tj ET Q q 0 0 0 rg BT 533.11 684.25 Td (entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.93 672.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.21 672.25 Td (be ) Tj ET Q q 0 0 0 rg BT 109.15 672.25 Td (related ) Tj ET Q q 0 0 0 rg BT 138.85 672.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 168.01 672.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 214.95 672.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.22 672.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.94 672.25 Td (sale. ) Tj ET Q q 0 0 0 rg BT 260.49 672.25 Td ( ) Tj ET Q q 0 0 0 rg BT 262.99 672.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 650.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 106.29 650.25 Td (price ) Tj ET Q q 0 0 0 rg BT 128.88 650.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 168.70 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.63 650.25 Td (an ) Tj ET Q q 0 0 0 rg BT 191.67 650.25 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 233.70 650.25 Td (value ) Tj ET Q q 0 0 0 rg BT 257.95 650.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.89 650.25 Td ($1.24 ) Tj ET Q q 0 0 0 rg BT 293.99 650.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.10 650.25 Td (, ) Tj ET Q q 0 0 0 rg BT 325.21 650.25 Td (less ) Tj ET Q q 0 0 0 rg BT 342.81 650.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 362.63 650.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 399.67 650.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.60 650.25 Td ($443 ) Tj ET Q q 0 0 0 rg BT 433.20 650.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.09 650.25 Td (. ) Tj ET Q q 0 0 0 rg BT 467.20 650.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.61 650.25 Td (The ) Tj ET Q q 0 0 0 rg BT 487.76 650.25 Td (total ) Tj ET Q q 0 0 0 rg BT 508.14 650.25 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.81 638.25 Td ($797 ) Tj ET Q q 0 0 0 rg BT 83.29 638.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.18 638.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.66 638.25 Td (was ) Tj ET Q q 0 0 0 rg BT 132.69 638.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 176.83 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.64 638.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 207.88 638.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.69 638.25 Td ($697 ) Tj ET Q q 0 0 0 rg BT 241.17 638.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.06 638.25 Td (, ) Tj ET Q q 0 0 0 rg BT 275.04 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.96 638.25 Td (a ) Tj ET Q q 0 0 0 rg BT 298.88 638.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 335.25 638.25 Td (note ) Tj ET Q q 0 0 0 rg BT 354.94 638.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 398.50 638.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.31 638.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 431.79 638.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.68 638.25 Td (. ) Tj ET Q q 0 0 0 rg BT 465.66 638.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.96 638.25 Td (The ) Tj ET Q q 0 0 0 rg BT 485.99 638.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 524.00 638.25 Td (price ) Tj ET Q q 0 0 0 rg BT 546.47 638.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 104.73 626.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 140.56 626.25 Td (by ) Tj ET Q q 0 0 0 rg BT 153.08 626.25 Td (a ) Tj ET Q q 0 0 0 rg BT 160.03 626.25 Td (working ) Tj ET Q q 0 0 0 rg BT 195.87 626.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 225.03 626.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 271.42 626.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.26 626.25 Td ($331 ) Tj ET Q q 0 0 0 rg BT 304.77 626.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.67 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 336.18 626.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 365.90 626.25 Td (from ) Tj ET Q q 0 0 0 rg BT 387.85 626.25 Td (related ) Tj ET Q q 0 0 0 rg BT 417.57 626.25 Td (party ) Tj ET Q q 0 0 0 rg BT 440.63 626.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 477.56 626.25 Td (which ) Tj ET Q q 0 0 0 rg BT 504.51 626.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 544.22 626.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 614.25 Td (disposed ) Tj ET Q q 0 0 0 rg BT 101.56 614.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 132.61 614.25 Td (for ) Tj ET Q q 0 0 0 rg BT 146.45 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.83 614.25 Td (construction, ) Tj ET Q q 0 0 0 rg BT 214.94 614.25 Td (equipping ) Tj ET Q q 0 0 0 rg BT 257.11 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.72 614.25 Td (mobilization ) Tj ET Q q 0 0 0 rg BT 326.44 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.94 614.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.33 614.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.74 614.25 Td (est ) Tj ET Q q 0 0 0 rg BT 371.86 614.25 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.64 614.25 Td (. ) Tj ET Q q 0 0 0 rg BT 404.31 614.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.33 614.25 Td (The ) Tj ET Q q 0 0 0 rg BT 424.05 614.25 Td (total ) Tj ET Q q 0 0 0 rg BT 443.99 614.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 490.03 614.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 509.41 614.25 Td (on ) Tj ET Q q 0 0 0 rg BT 521.59 614.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 539.30 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.81 614.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (Auriga ) Tj ET Q q 0 0 0 rg BT 79.50 602.25 Td (business ) Tj ET Q q 0 0 0 rg BT 115.12 602.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.40 602.25 Td ($440 ) Tj ET Q q 0 0 0 rg BT 154.14 602.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.03 602.25 Td (, ) Tj ET Q q 0 0 0 rg BT 187.26 602.25 Td (which ) Tj ET Q q 0 0 0 rg BT 213.43 602.25 Td (has ) Tj ET Q q 0 0 0 rg BT 228.49 602.25 Td (been ) Tj ET Q q 0 0 0 rg BT 249.10 602.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 289.14 602.25 Td (in ) Tj ET Q q 0 0 0 rg BT 298.65 602.25 Td (our ) Tj ET Q q 0 0 0 rg BT 313.71 602.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 365.99 602.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 406.04 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.10 602.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 461.98 602.25 Td (under ) Tj ET Q q 0 0 0 rg BT 486.48 602.25 Td ("gain ) Tj ET Q q 0 0 0 rg BT 509.51 602.25 Td (on ) Tj ET Q q 0 0 0 rg BT 521.25 602.25 Td (disposals" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.93 590.25 Td (within ) Tj ET Q q 0 0 0 rg BT 114.99 590.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 155.25 590.25 Td (income.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 544.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 544.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 514.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 514.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 484.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 484.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 454.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 454.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 424.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 424.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 394.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 394.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 364.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 364.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 334.75 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 334.75 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 514.75 m 561.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 499.75 m 561.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 469.75 m 561.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 455.75 m 561.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 453.75 m 561.5 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 394.75 m 561.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 379.75 m 561.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 334.75 m 561.5 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 320.75 m 561.5 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 318.75 m 561.5 318.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 549.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 66.16 549.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.88 549.46 Td (millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 534.42 Td (Enterprise value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 534.42 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 519.42 Td (Less: Debt assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 519.47 Td (\(443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 519.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 504.42 Td (Purchase price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 504.42 Td (797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 474.42 Td (Less: Working capital adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 474.47 Td (\(331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 474.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 459.43 Td (Adjusted purchase price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 459.43 Td (466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 429.42 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 429.42 Td (697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 414.42 Td (Discount note issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 414.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 399.42 Td (Less: Working capital payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 399.47 Td (\(331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 399.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 384.43 Td (Fair value of purchase consideration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 384.43 Td (466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 354.42 Td (Less: net carrying value of assets and liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 354.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 339.42 Td (Less: allocated goodwill to subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 339.47 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 339.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 324.43 Td (Gain on sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 324.43 Td (440) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 78.20 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.62 298.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 119.04 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.58 298.25 Td (various ) Tj ET Q q 0 0 0 rg BT 163.22 298.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 211.96 298.25 Td (between ) Tj ET Q q 0 0 0 rg BT 248.48 298.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 282.79 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.43 298.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 334.74 298.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 370.72 298.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 392.81 298.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 425.44 298.25 Td (into ) Tj ET Q q 0 0 0 rg BT 444.20 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 455.18 298.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 502.26 298.25 Td (with ) Tj ET Q q 0 0 0 rg BT 523.24 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 298.25 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (public ) Tj ET Q q 0 0 0 rg BT 78.23 286.25 Td (of) Tj ET Q q 0 0 0 rg BT 86.37 286.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 113.48 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.04 286.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 159.38 286.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 195.37 286.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 219.99 286.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 254.32 286.25 Td (will ) Tj ET Q q 0 0 0 rg BT 273.11 286.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 310.77 286.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 344.55 286.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 401.37 286.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 440.69 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.36 286.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 518.79 286.25 Td (services ) Tj ET Q q 0 0 0 rg BT 554.23 286.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.60 274.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 118.87 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.81 274.25 Td (its ) Tj ET Q q 0 0 0 rg BT 147.76 274.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 199.98 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.48 274.25 Td (See ) Tj ET Q q 0 0 0 rg BT 219.41 274.25 Td (further ) Tj ET Q q 0 0 0 rg BT 249.12 274.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 293.29 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.57 274.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 325.51 274.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 338.01 274.25 Td (for ) Tj ET Q q 0 0 0 rg BT 352.17 274.25 Td (these ) Tj ET Q q 0 0 0 rg BT 375.21 274.25 Td (services ) Tj ET Q q 0 0 0 rg BT 409.92 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.86 274.25 Td (agreements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 252.25 Td (Disposal of the ) Tj ET Q q 0 0 0 rg BT 113.99 252.25 Td (W) Tj ET Q q 0 0 0 rg BT 122.14 252.25 Td (est V) Tj ET Q q 0 0 0 rg BT 141.31 252.25 Td (ela) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (On ) Tj ET Q q 0 0 0 rg BT 63.84 230.25 Td (November ) Tj ET Q q 0 0 0 rg BT 107.66 230.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 116.77 230.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 140.88 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.71 230.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 195.21 230.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 213.50 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.33 230.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 257.82 230.25 Td (that ) Tj ET Q q 0 0 0 rg BT 274.43 230.25 Td (own ) Tj ET Q q 0 0 0 rg BT 293.27 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.32 230.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 340.36 230.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.19 230.25 Td (W) Tj ET Q q 0 0 0 rg BT 361.60 230.25 Td (est ) Tj ET Q q 0 0 0 rg BT 374.32 230.25 Td (V) Tj ET Q q 0 0 0 rg BT 379.32 230.25 Td (ela) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.54 230.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.15 230.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 410.31 230.25 Td (V) Tj ET Q q 0 0 0 rg BT 420.87 230.25 Td (ela ) Tj ET Q q 0 0 0 rg BT 434.14 230.25 Td (business\), ) Tj ET Q q 0 0 0 rg BT 479.91 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.30 230.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 522.02 230.25 Td (Capricorn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 89.09 218.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 112.91 218.25 Td (a ) Tj ET Q q 0 0 0 rg BT 119.77 218.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 172.73 218.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 216.27 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.02 218.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 260.55 218.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 295.74 218.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 317.05 218.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.92 218.25 Td (49% ) Tj ET Q q 0 0 0 rg BT 354.67 218.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 383.75 218.25 Td (by ) Tj ET Q q 0 0 0 rg BT 396.18 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.82 218.25 Td (Company) Tj ET Q q 0 0 0 rg BT 449.06 218.25 Td (. ) Tj ET Q q 0 0 0 rg BT 453.98 218.25 Td ( ) Tj ET Q q 0 0 0 rg BT 456.23 218.25 Td (The ) Tj ET Q q 0 0 0 rg BT 474.20 218.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 505.51 218.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 542.37 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.57 218.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 206.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 108.86 206.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 155.80 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.07 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.79 206.25 Td (sale. ) Tj ET Q q 0 0 0 rg BT 201.34 206.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.84 206.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.00 184.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 105.99 184.25 Td (price ) Tj ET Q q 0 0 0 rg BT 128.43 184.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 168.10 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.88 184.25 Td (an ) Tj ET Q q 0 0 0 rg BT 190.77 184.25 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 232.65 184.25 Td (value ) Tj ET Q q 0 0 0 rg BT 256.75 184.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.54 184.25 Td ($900 ) Tj ET Q q 0 0 0 rg BT 289.99 184.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.88 184.25 Td (, ) Tj ET Q q 0 0 0 rg BT 323.83 184.25 Td (less ) Tj ET Q q 0 0 0 rg BT 341.29 184.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 360.96 184.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 397.85 184.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.63 184.25 Td ($433 ) Tj ET Q q 0 0 0 rg BT 431.08 184.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.97 184.25 Td (. ) Tj ET Q q 0 0 0 rg BT 464.93 184.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.20 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 485.20 184.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 526.54 184.25 Td (is ) Tj ET Q q 0 0 0 rg BT 535.66 184.25 Td (also ) Tj ET Q q 0 0 0 rg BT 554.23 184.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 81.40 172.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 117.25 172.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 173.66 172.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.53 172.25 Td ($44 ) Tj ET Q q 0 0 0 rg BT 202.07 172.25 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.17 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.71 172.25 Td (per ) Tj ET Q q 0 0 0 rg BT 256.02 172.25 Td (day ) Tj ET Q q 0 0 0 rg BT 273.00 172.25 Td (for ) Tj ET Q q 0 0 0 rg BT 287.20 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.95 172.25 Td (remainder ) Tj ET Q q 0 0 0 rg BT 345.02 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.89 172.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.65 172.25 Td (W) Tj ET Q q 0 0 0 rg BT 378.06 172.25 Td (est ) Tj ET Q q 0 0 0 rg BT 391.71 172.25 Td (V) Tj ET Q q 0 0 0 rg BT 396.71 172.25 Td (ela's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.96 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 417.50 172.25 Td (current ) Tj ET Q q 0 0 0 rg BT 448.35 172.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 483.09 172.25 Td (with ) Tj ET Q q 0 0 0 rg BT 503.41 172.25 Td (BP) Tj ET Q q 0 0 0 rg BT 515.27 172.25 Td ( ) Tj ET Q q 0 0 0 rg BT 517.81 172.25 Td (which ) Tj ET Q q 0 0 0 rg BT 544.79 172.25 Td (runs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.27 160.25 Td (November ) Tj ET Q q 0 0 0 rg BT 104.98 160.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 129.98 160.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.47 160.25 Td (In ) Tj ET Q q 0 0 0 rg BT 143.30 160.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 181.07 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.78 160.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 237.17 160.25 Td (will ) Tj ET Q q 0 0 0 rg BT 255.22 160.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 286.58 160.25 Td (a ) Tj ET Q q 0 0 0 rg BT 293.51 160.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 338.22 160.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 370.71 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.54 160.25 Td (up ) Tj ET Q q 0 0 0 rg BT 394.04 160.25 Td (to ) Tj ET Q q 0 0 0 rg BT 404.31 160.25 Td ($40 ) Tj ET Q q 0 0 0 rg BT 421.81 160.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 460.41 160.25 Td (per ) Tj ET Q q 0 0 0 rg BT 475.68 160.25 Td (day ) Tj ET Q q 0 0 0 rg BT 492.61 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 506.77 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.48 160.25 Td (remainder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 148.25 Td (BP) Tj ET Q q 0 0 0 rg BT 87.42 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.92 148.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 127.13 148.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 171.28 148.25 Td (on ) Tj ET Q q 0 0 0 rg BT 183.79 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.51 148.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 224.88 148.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 257.38 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.22 148.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 302.92 148.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 337.07 148.25 Td (received ) Tj ET Q q 0 0 0 rg BT 373.44 148.25 Td (from ) Tj ET Q q 0 0 0 rg BT 395.38 148.25 Td (BP) Tj ET Q q 0 0 0 rg BT 406.50 148.25 Td (. ) Tj ET Q q 0 0 0 rg BT 411.51 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.01 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.34 148.25 Td (The ) Tj ET Q q 0 0 0 rg BT 434.39 148.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 481.47 148.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 527.85 148.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 555.35 148.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.84 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 76.69 136.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 118.62 136.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 163.90 136.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 220.83 136.25 Td (before ) Tj ET Q q 0 0 0 rg BT 249.44 136.25 Td (it ) Tj ET Q q 0 0 0 rg BT 258.06 136.25 Td (is ) Tj ET Q q 0 0 0 rg BT 267.80 136.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 314.18 136.25 Td (realizable. ) Tj ET Q q 0 0 0 rg BT 358.60 136.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.45 136.25 Td (The ) Tj ET Q q 0 0 0 rg BT 380.06 136.25 Td (total ) Tj ET Q q 0 0 0 rg BT 400.90 136.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 457.84 136.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 504.77 136.25 Td (on ) Tj ET Q q 0 0 0 rg BT 517.83 136.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 553.68 136.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td ($535 ) Tj ET Q q 0 0 0 rg BT 72.73 124.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.62 124.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.34 124.25 Td (was ) Tj ET Q q 0 0 0 rg BT 122.62 124.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 167.00 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.06 124.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.55 124.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.61 124.25 Td ($467 ) Tj ET Q q 0 0 0 rg BT 232.34 124.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.23 124.25 Td (, ) Tj ET Q q 0 0 0 rg BT 266.45 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.62 124.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 319.65 124.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 376.25 124.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 420.05 124.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.11 124.25 Td ($74 ) Tj ET Q q 0 0 0 rg BT 448.84 124.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.73 124.25 Td (. ) Tj ET Q q 0 0 0 rg BT 482.95 124.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.48 124.25 Td (The ) Tj ET Q q 0 0 0 rg BT 503.75 124.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 542.02 124.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (was ) Tj ET Q q 0 0 0 rg BT 68.05 112.25 Td (also ) Tj ET Q q 0 0 0 rg BT 86.66 112.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 122.49 112.25 Td (by ) Tj ET Q q 0 0 0 rg BT 134.99 112.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.92 112.25 Td (working ) Tj ET Q q 0 0 0 rg BT 177.75 112.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 206.90 112.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 253.29 112.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.12 112.25 Td ($6 ) Tj ET Q q 0 0 0 rg BT 276.62 112.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.51 112.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.87 92.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 87.40 92.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 133.58 92.25 Td (at ) Tj ET Q q 0 0 0 rg BT 143.12 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.66 92.25 Td (time ) Tj ET Q q 0 0 0 rg BT 177.75 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.40 92.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 223.50 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.15 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.51 92.25 Td (V) Tj ET Q q 0 0 0 rg BT 254.63 92.25 Td (ela ) Tj ET Q q 0 0 0 rg BT 268.60 92.25 Td (business ) Tj ET Q q 0 0 0 rg BT 304.81 92.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.68 92.25 Td ($191 ) Tj ET Q q 0 0 0 rg BT 345.00 92.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.90 92.25 Td (, ) Tj ET Q q 0 0 0 rg BT 378.71 92.25 Td (after ) Tj ET Q q 0 0 0 rg BT 399.35 92.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 426.66 92.25 Td (into ) Tj ET Q q 0 0 0 rg BT 444.54 92.25 Td (account ) Tj ET Q q 0 0 0 rg BT 477.95 92.25 Td (a ) Tj ET Q q 0 0 0 rg BT 484.71 92.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 522.59 92.25 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.27 80.25 Td ($41 ) Tj ET Q q 0 0 0 rg BT 77.21 80.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.10 80.25 Td (. ) Tj ET Q q 0 0 0 rg BT 110.40 80.25 Td (The ) Tj ET Q q 0 0 0 rg BT 127.89 80.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 147.05 80.25 Td (has ) Tj ET Q q 0 0 0 rg BT 162.32 80.25 Td (been ) Tj ET Q q 0 0 0 rg BT 183.14 80.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 223.40 80.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.11 80.25 Td (our ) Tj ET Q q 0 0 0 rg BT 248.39 80.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 300.87 80.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 341.13 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.40 80.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 397.50 80.25 Td (under ) Tj ET Q q 0 0 0 rg BT 422.21 80.25 Td ("gain ) Tj ET Q q 0 0 0 rg BT 445.45 80.25 Td (on ) Tj ET Q q 0 0 0 rg BT 457.39 80.25 Td (disposals" ) Tj ET Q q 0 0 0 rg BT 500.08 80.25 Td (included ) Tj ET Q q 0 0 0 rg BT 536.45 80.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.43 68.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 123.03 68.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.69 68.25 Td (During ) Tj ET Q q 0 0 0 rg BT 154.68 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.56 68.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 198.54 68.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.08 68.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 281.83 68.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.83 68.25 Td (, ) Tj ET Q q 0 0 0 rg BT 306.00 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.88 68.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 360.43 68.25 Td (also ) Tj ET Q q 0 0 0 rg BT 378.20 68.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 423.73 68.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.39 68.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 437.06 68.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.95 68.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.61 68.25 Td (related ) Tj ET Q q 0 0 0 rg BT 496.48 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 505.92 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.80 68.25 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 106.37 56.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 140.51 56.25 Td (during ) Tj ET Q q 0 0 0 rg BT 169.12 56.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.84 56.25 Td (period.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-20) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 723.50 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 723.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 693.50 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 693.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 663.50 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 663.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.50 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 633.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.50 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 603.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.50 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 573.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.50 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 543.50 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 513.50 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 513.50 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 678.5 m 560.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 678.5 m 560.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 663.5 m 560.5 663.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 633.5 m 560.5 633.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 619.5 m 560.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 617.5 m 560.5 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 558.5 m 560.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 543.5 m 560.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 498.5 m 560.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 484.5 m 560.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 482.5 m 560.5 482.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 728.21 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 728.21 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 728.21 Td (millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 713.17 Td (Enterprise value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 713.17 Td (900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 698.17 Td (Deferred consideration receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 698.17 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 683.17 Td (Less: Debt assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 683.22 Td (\(433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 683.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 668.17 Td (Purchase price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 668.17 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.17 Td (Less: Working capital adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.30 638.22 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 638.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 623.18 Td (Adjusted purchase price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 623.18 Td (535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.17 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 593.17 Td (467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.17 Td (Deferred consideration receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 578.17 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.17 Td (Less: Working capital payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.30 563.22 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 563.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 548.18 Td (Fair value of purchase consideration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 548.18 Td (535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 518.17 Td (Less: net carrying value of assets and liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 518.22 Td (\(303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 518.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 503.17 Td (Less: allocated goodwill to subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.30 503.22 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 503.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 488.18 Td (Gain on sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 488.18 Td (191) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 78.20 462.00 Td (the ) Tj ET Q q 0 0 0 rg BT 93.62 462.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 119.04 462.00 Td (of ) Tj ET Q q 0 0 0 rg BT 130.58 462.00 Td (various ) Tj ET Q q 0 0 0 rg BT 163.22 462.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 211.96 462.00 Td (between ) Tj ET Q q 0 0 0 rg BT 248.48 462.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 282.79 462.00 Td (and ) Tj ET Q q 0 0 0 rg BT 300.43 462.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 334.74 462.00 Td (Partners ) Tj ET Q q 0 0 0 rg BT 370.72 462.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 392.81 462.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 425.44 462.00 Td (into ) Tj ET Q q 0 0 0 rg BT 444.20 462.00 Td (in ) Tj ET Q q 0 0 0 rg BT 455.18 462.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 502.26 462.00 Td (with ) Tj ET Q q 0 0 0 rg BT 523.24 462.00 Td (the ) Tj ET Q q 0 0 0 rg BT 538.67 462.00 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.00 Td (public ) Tj ET Q q 0 0 0 rg BT 78.23 450.00 Td (of) Tj ET Q q 0 0 0 rg BT 86.37 450.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 113.48 450.00 Td (of ) Tj ET Q q 0 0 0 rg BT 125.04 450.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 159.38 450.00 Td (Partners ) Tj ET Q q 0 0 0 rg BT 195.37 450.00 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 219.99 450.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 254.32 450.00 Td (will ) Tj ET Q q 0 0 0 rg BT 273.11 450.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 310.77 450.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 344.55 450.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 401.37 450.00 Td (technical ) Tj ET Q q 0 0 0 rg BT 440.69 450.00 Td (and ) Tj ET Q q 0 0 0 rg BT 458.36 450.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 518.79 450.00 Td (services ) Tj ET Q q 0 0 0 rg BT 554.23 450.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 83.60 438.00 Td (Partners ) Tj ET Q q 0 0 0 rg BT 118.87 438.00 Td (and ) Tj ET Q q 0 0 0 rg BT 135.81 438.00 Td (its ) Tj ET Q q 0 0 0 rg BT 147.76 438.00 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 199.98 438.00 Td ( ) Tj ET Q q 0 0 0 rg BT 202.48 438.00 Td (See ) Tj ET Q q 0 0 0 rg BT 219.41 438.00 Td (further ) Tj ET Q q 0 0 0 rg BT 249.12 438.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 293.29 438.00 Td (in ) Tj ET Q q 0 0 0 rg BT 303.57 438.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 325.51 438.00 Td (18 ) Tj ET Q q 0 0 0 rg BT 338.01 438.00 Td (for ) Tj ET Q q 0 0 0 rg BT 352.17 438.00 Td (these ) Tj ET Q q 0 0 0 rg BT 375.21 438.00 Td (services ) Tj ET Q q 0 0 0 rg BT 409.92 438.00 Td (and ) Tj ET Q q 0 0 0 rg BT 426.86 438.00 Td (agreements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 406.00 Td (10 ) Tj ET Q q 0 0 0 rg BT 84.99 406.00 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 406.00 Td (Newbuildings) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 370.50 366.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 370.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 370.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 340.50 366.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 340.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 340.50 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 340.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 340.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 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j 3 M 495.5 310.5 m 562.5 310.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 295.5 m 562.5 295.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 385.22 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 375.21 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 375.21 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 375.21 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.85 385.18 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.00 375.18 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 385.18 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 375.18 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 360.17 Td (Opening ) Tj ET Q q 0 0 0 rg BT 89.94 360.17 Td (balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 360.17 Td (3,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 360.17 Td (1,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 345.17 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 345.17 Td (2,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 345.17 Td (5,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 330.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.93 330.17 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 92.91 330.17 Td (to ) Tj ET Q q 0 0 0 rg BT 103.19 330.17 Td (drilling ) Tj ET Q q 0 0 0 rg BT 135.13 330.17 Td (units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 330.22 Td (\(3,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 330.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 330.22 Td (\(3,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 330.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 315.17 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 90.50 315.17 Td (of ) Tj ET Q q 0 0 0 rg BT 101.33 315.17 Td (tender ) Tj ET Q q 0 0 0 rg BT 128.82 315.17 Td (rigs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 315.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 315.22 Td (\(153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 315.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 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0.9333333333333333 1 rg /GS0 gs 419.50 185.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 185.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 185.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 185.50 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 170.5 m 493.5 170.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 170.5 m 562.5 170.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 170.5 m 493.5 170.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 156.5 m 493.5 156.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 154.5 m 493.5 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 170.5 m 562.5 170.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 156.5 m 562.5 156.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 154.5 m 562.5 154.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 230.21 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 220.21 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.85 230.18 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 220.18 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 230.18 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 220.18 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 205.17 Td (Cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 205.17 Td (19,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 205.17 Td (19,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 190.17 Td (Accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 190.22 Td (\(2,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 190.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 190.22 Td (\(2,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 190.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 175.17 Td (Re-classified ) Tj ET Q q 0 0 0 rg BT 107.70 175.17 Td (as ) Tj ET Q q 0 0 0 rg BT 118.53 175.17 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.36 175.17 Td (held ) Tj ET Q q 0 0 0 rg BT 164.08 175.17 Td (for ) Tj ET Q q 0 0 0 rg BT 178.24 175.17 Td (sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 175.22 Td (\(965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 175.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 175.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 160.18 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.49 160.18 Td (book ) Tj ET Q q 0 0 0 rg BT 94.11 160.18 Td (value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 160.18 Td (15,145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 160.18 Td (17,193) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.00 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 104.01 132.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 138.59 132.00 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.51 132.00 Td ($684 ) Tj ET Q q 0 0 0 rg BT 178.88 132.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.77 132.00 Td ( ) Tj ET Q q 0 0 0 rg BT 210.14 132.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.95 132.00 Td ($703 ) Tj ET Q q 0 0 0 rg BT 249.32 132.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.21 132.00 Td ( ) Tj ET Q q 0 0 0 rg BT 280.58 132.00 Td (for ) Tj ET Q q 0 0 0 rg BT 294.61 132.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.19 132.00 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.85 132.00 Td ( ) Tj ET Q q 0 0 0 rg BT 338.22 132.00 Td (months, ) Tj ET Q q 0 0 0 rg BT 372.54 132.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.35 132.00 Td ($178 ) Tj ET Q q 0 0 0 rg BT 411.71 132.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.61 132.00 Td ( ) Tj ET Q q 0 0 0 rg BT 442.98 132.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.78 132.00 Td ($198 ) Tj ET Q q 0 0 0 rg BT 482.15 132.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.05 132.00 Td ( ) Tj ET Q q 0 0 0 rg BT 513.42 132.00 Td (for ) Tj ET Q q 0 0 0 rg BT 527.44 132.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.03 132.00 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 132.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.00 Td (months ) Tj ET Q q 0 0 0 rg BT 81.95 120.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 120.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 166.91 120.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.91 120.00 Td ( ) Tj ET Q q 0 0 0 rg BT 189.41 120.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.35 120.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.35 120.00 Td (, ) Tj ET Q q 0 0 0 rg BT 231.35 120.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 279.01 120.00 Td (.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.58 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.06 742.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 154.85 742.10 Td (date ) Tj ET Q q 0 0 0 rg BT 173.97 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.77 742.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 218.34 742.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 253.58 742.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.04 742.10 Td (January2, ) Tj ET Q q 0 0 0 rg BT 309.61 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.61 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 334.58 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 348.70 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 370.05 742.10 Td (deconsolidated ) Tj ET Q q 0 0 0 rg BT 432.50 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.18 742.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 478.53 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 495.99 742.10 Td (own ) Tj ET Q q 0 0 0 rg BT 515.68 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.59 742.10 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.69 730.10 Td (following ) Tj ET Q q 0 0 0 rg BT 106.05 730.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 137.96 730.10 Td (units: ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 162.66 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 170.07 730.10 Td (est ) Tj ET Q q 0 0 0 rg BT 183.65 730.10 Td (Sirius, ) Tj ET Q q 0 0 0 rg BT 211.97 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 219.38 730.10 Td (est ) Tj ET Q q 0 0 0 rg BT 232.78 730.10 Td (Aquarius, ) Tj ET Q q 0 0 0 rg BT 274.42 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 281.83 730.10 Td (est ) Tj ET Q q 0 0 0 rg BT 295.42 730.10 Td (Capella, ) Tj ET Q q 0 0 0 rg BT 332.05 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 339.46 730.10 Td (est ) Tj ET Q q 0 0 0 rg BT 353.05 730.10 Td (Capricorn, ) Tj ET Q q 0 0 0 rg BT 399.69 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 407.10 730.10 Td (est ) Tj ET Q q 0 0 0 rg BT 420.68 730.10 Td (Leo, ) Tj ET Q q 0 0 0 rg BT 440.65 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 445.47 730.10 Td (-15, ) Tj ET Q q 0 0 0 rg BT 463.77 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 468.59 730.10 Td (-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.92 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.40 730.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.31 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 508.72 730.10 Td (est ) Tj ET Q q 0 0 0 rg BT 522.30 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 527.30 730.10 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 730.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 89.44 718.10 Td (details ) Tj ET Q q 0 0 0 rg BT 118.04 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.54 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.26 718.10 Td (deconsolidation ) Tj ET Q q 0 0 0 rg BT 211.08 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.91 718.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 255.51 718.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 290.78 718.10 Td (see ) Tj ET Q q 0 0 0 rg BT 306.05 718.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 327.99 718.10 Td (4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.30 700.10 Td (March ) Tj ET Q q 0 0 0 rg BT 94.48 700.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 110.06 700.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 133.13 700.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.87 700.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 192.60 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.90 700.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 226.52 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.93 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.23 700.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 285.19 700.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.26 700.10 Td (own ) Tj ET Q q 0 0 0 rg BT 323.56 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.08 700.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 373.58 700.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.88 700.10 Td (W) Tj ET Q q 0 0 0 rg BT 396.29 700.10 Td (est ) Tj ET Q q 0 0 0 rg BT 410.25 700.10 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.03 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.11 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.97 700.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 486.15 700.10 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 524.50 700.10 Td (For ) Tj ET Q q 0 0 0 rg BT 541.47 700.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (details ) Tj ET Q q 0 0 0 rg BT 78.60 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 91.10 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.82 688.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 123.87 688.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.70 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.11 688.10 Td (est ) Tj ET Q q 0 0 0 rg BT 155.54 688.10 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.32 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.82 688.10 Td (see ) Tj ET Q q 0 0 0 rg BT 201.08 688.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 223.02 688.10 Td (9. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.27 670.10 Td (November ) Tj ET Q q 0 0 0 rg BT 110.52 670.10 Td (4, ) Tj ET Q q 0 0 0 rg BT 121.06 670.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 144.10 670.10 Td (we ) Tj ET Q q 0 0 0 rg BT 158.81 670.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 203.50 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.76 670.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 237.35 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.72 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.98 670.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 295.91 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 313.95 670.10 Td (own ) Tj ET Q q 0 0 0 rg BT 334.21 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.70 670.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 384.16 670.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 399.42 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 406.83 670.10 Td (est ) Tj ET Q q 0 0 0 rg BT 420.99 670.10 Td (V) Tj ET Q q 0 0 0 rg BT 425.99 670.10 Td (ela) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.20 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.25 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.07 670.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 486.22 670.10 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 524.53 670.10 Td (For ) Tj ET Q q 0 0 0 rg BT 541.46 670.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (details ) Tj ET Q q 0 0 0 rg BT 78.60 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 91.10 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.82 658.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 123.87 658.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.70 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.11 658.10 Td (est ) Tj ET Q q 0 0 0 rg BT 155.72 658.10 Td (V) Tj ET Q q 0 0 0 rg BT 160.72 658.10 Td (ela) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.93 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.43 658.10 Td (see ) Tj ET Q q 0 0 0 rg BT 190.70 658.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 212.64 658.10 Td (9. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.72 640.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.32 640.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.98 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.37 640.10 Td (months ) Tj ET Q q 0 0 0 rg BT 156.20 640.10 Td (period ) Tj ET Q q 0 0 0 rg BT 184.14 640.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.40 640.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 268.87 640.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.87 640.10 Td (, ) Tj ET Q q 0 0 0 rg BT 293.76 640.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.59 640.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 344.08 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.80 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.40 640.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.68 640.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 442.49 640.10 Td (into ) Tj ET Q q 0 0 0 rg BT 460.43 640.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.26 640.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 487.98 640.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 520.36 640.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.23 628.10 Td (form ) Tj ET Q q 0 0 0 rg BT 84.11 628.10 Td (SeaMex ) Tj ET Q q 0 0 0 rg BT 120.33 628.10 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 137.67 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 158.89 628.10 Td (an ) Tj ET Q q 0 0 0 rg BT 171.78 628.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 219.11 628.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 240.89 628.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 284.88 628.10 Td (by ) Tj ET Q q 0 0 0 rg BT 298.33 628.10 Td (Fintech ) Tj ET Q q 0 0 0 rg BT 331.01 628.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 371.68 628.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 390.40 628.10 Td (\(Fintech\), ) Tj ET Q q 0 0 0 rg BT 433.00 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.45 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.56 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.23 628.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 502.34 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.12 628.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 547.56 628.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 91.59 616.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 120.95 616.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 153.09 616.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 184.69 616.10 Td (units ) Tj ET Q q 0 0 0 rg BT 206.29 616.10 Td (located ) Tj ET Q q 0 0 0 rg BT 237.32 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.25 616.10 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 279.96 616.10 Td (under ) Tj ET Q q 0 0 0 rg BT 304.88 616.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 339.24 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 359.17 616.10 Td (Pemex ) Tj ET Q q 0 0 0 rg BT 388.54 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.14 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.07 616.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 443.89 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 466.59 616.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 521.52 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.46 616.10 Td (Mexico ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.81 604.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.72 604.10 Td (Latin ) Tj ET Q q 0 0 0 rg BT 112.67 604.10 Td (American ) Tj ET Q q 0 0 0 rg BT 154.46 604.10 Td (countries. ) Tj ET Q q 0 0 0 rg BT 195.98 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.18 604.10 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.09 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 223.50 604.10 Td (est ) Tj ET Q q 0 0 0 rg BT 236.98 604.10 Td (Ober) Tj ET Q q 0 0 0 rg BT 257.16 604.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 272.03 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 279.44 604.10 Td (est ) Tj ET Q q 0 0 0 rg BT 292.91 604.10 Td (Intr) Tj ET Q q 0 0 0 rg BT 307.54 604.10 Td (epid, ) Tj ET Q q 0 0 0 rg BT 329.63 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 337.04 604.10 Td (est ) Tj ET Q q 0 0 0 rg BT 350.52 604.10 Td (Defender) Tj ET Q q 0 0 0 rg BT 386.61 604.10 Td (, ) Tj ET Q q 0 0 0 rg BT 391.48 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 398.89 604.10 Td (est ) Tj ET Q q 0 0 0 rg BT 412.37 604.10 Td (Courageous) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.26 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.63 604.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.43 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 487.85 604.10 Td (est ) Tj ET Q q 0 0 0 rg BT 501.32 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 506.33 604.10 Td (itania ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.03 604.10 Td (jack-up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.43 592.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 98.41 592.10 Td (will ) Tj ET Q q 0 0 0 rg BT 115.95 592.10 Td (be ) Tj ET Q q 0 0 0 rg BT 127.38 592.10 Td (included ) Tj ET Q q 0 0 0 rg BT 163.80 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.56 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.76 592.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 208.08 592.10 Td (venture. ) Tj ET Q q 0 0 0 rg BT 242.55 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.39 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 261.92 592.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 282.24 592.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 314.21 592.10 Td (will ) Tj ET Q q 0 0 0 rg BT 331.76 592.10 Td (become ) Tj ET Q q 0 0 0 rg BT 364.83 592.10 Td (ef) Tj ET Q q 0 0 0 rg BT 372.42 592.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 401.61 592.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 423.59 592.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 457.79 592.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 486.98 592.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 517.85 592.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 564.51 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.02 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.04 580.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 127.83 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.96 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.98 580.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 203.15 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.17 580.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 259.85 580.10 Td (will ) Tj ET Q q 0 0 0 rg BT 278.21 580.10 Td (no ) Tj ET Q q 0 0 0 rg BT 291.01 580.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 319.36 580.10 Td (control ) Tj ET Q q 0 0 0 rg BT 350.48 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.50 580.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 397.18 580.10 Td (that ) Tj ET Q q 0 0 0 rg BT 414.98 580.10 Td (own ) Tj ET Q q 0 0 0 rg BT 435.00 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.24 580.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 484.46 580.10 Td (these ) Tj ET Q q 0 0 0 rg BT 507.81 580.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 540.05 580.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 564.50 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.57 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.02 568.10 Td (such ) Tj ET Q q 0 0 0 rg BT 103.48 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.83 568.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.84 568.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.52 568.10 Td (deconsolidate ) Tj ET Q q 0 0 0 rg BT 241.63 568.10 Td (these ) Tj ET Q q 0 0 0 rg BT 266.31 568.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 299.31 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.88 568.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 374.23 568.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 417.21 568.10 Td (its ) Tj ET Q q 0 0 0 rg BT 430.79 568.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 478.80 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.71 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.05 568.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 529.51 568.10 Td (venture. ) Tj ET Q q 0 0 0 rg BT 564.50 568.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 556.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.07 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.53 556.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.10 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.78 556.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 200.23 556.10 Td (held ) Tj ET Q q 0 0 0 rg BT 219.69 556.10 Td (within ) Tj ET Q q 0 0 0 rg BT 247.48 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.94 556.10 Td (Company) Tj ET Q q 0 0 0 rg BT 303.60 556.10 Td (s ) Tj ET Q q 0 0 0 rg BT 309.73 556.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 362.51 556.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 395.29 556.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 418.07 556.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.31 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 449.75 556.10 Td (related ) Tj ET Q q 0 0 0 rg BT 479.19 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.21 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.66 556.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 538.68 556.10 Td (group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.58 544.10 Td (been ) Tj ET Q q 0 0 0 rg BT 93.16 544.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 141.40 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.44 544.10 Td (held ) Tj ET Q q 0 0 0 rg BT 172.36 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 186.72 544.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 204.98 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.12 544.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 274.24 544.10 Td (has ) Tj ET Q q 0 0 0 rg BT 290.28 544.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 319.63 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.99 544.10 Td (these ) Tj ET Q q 0 0 0 rg BT 357.25 544.10 Td (related ) Tj ET Q q 0 0 0 rg BT 387.15 544.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 415.69 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.20 544.10 Td (W) Tj ET Q q 0 0 0 rg BT 426.84 544.10 Td (e ) Tj ET Q q 0 0 0 rg BT 433.98 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 455.56 544.10 Td (not ) Tj ET Q q 0 0 0 rg BT 471.04 544.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 512.07 544.10 Td (this ) Tj ET Q q 0 0 0 rg BT 529.22 544.10 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (group ) Tj ET Q q 0 0 0 rg BT 76.26 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 87.51 532.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 141.55 532.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 186.13 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.83 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.09 532.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 254.34 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.60 532.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 310.18 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.44 532.10 Td (we ) Tj ET Q q 0 0 0 rg BT 336.02 532.10 Td (will ) Tj ET Q q 0 0 0 rg BT 354.51 532.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 391.87 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.57 532.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 423.28 532.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 468.42 532.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 508.55 532.10 Td (over ) Tj ET Q q 0 0 0 rg BT 529.24 532.10 Td (SeaMex ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 68.89 520.10 Td (For ) Tj ET Q q 0 0 0 rg BT 85.28 520.10 Td (more ) Tj ET Q q 0 0 0 rg BT 108.33 520.10 Td (details ) Tj ET Q q 0 0 0 rg BT 136.93 520.10 Td (on ) Tj ET Q q 0 0 0 rg BT 149.43 520.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 175.26 520.10 Td (held ) Tj ET Q q 0 0 0 rg BT 194.98 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.14 520.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 227.18 520.10 Td (see ) Tj ET Q q 0 0 0 rg BT 242.45 520.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 264.39 520.10 Td (20.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 496.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 84.99 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 496.10 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 472.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 106.10 472.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 139.14 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.07 472.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 190.78 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.06 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.78 472.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 251.59 472.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 284.09 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.92 472.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 332.97 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.68 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.51 472.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.60 369.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 436.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 436.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 436.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 436.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.60 369.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 408.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 408.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 408.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 408.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.60 369.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 380.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 380.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 380.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 380.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 380.6 m 419.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 380.6 m 423.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 380.6 m 493.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 380.6 m 497.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 380.6 m 562.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 380.6 m 419.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 366.6 m 419.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 380.6 m 423.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 366.6 m 423.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 380.6 m 493.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 366.6 m 493.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 380.6 m 497.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 366.6 m 497.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 380.6 m 562.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 366.6 m 562.5 366.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 451.31 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 441.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.85 451.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 441.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 451.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 441.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 427.17 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.94 427.17 Td (book ) Tj ET Q q 0 0 0 rg BT 92.44 427.17 Td (value ) Tj ET Q q 0 0 0 rg BT 116.59 427.17 Td (at ) Tj ET Q q 0 0 0 rg BT 126.31 427.17 Td (beginning ) Tj ET Q q 0 0 0 rg BT 168.81 427.17 Td (of ) Tj ET Q q 0 0 0 rg BT 179.64 427.17 Td (period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 427.17 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 427.17 Td (1,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 413.17 Td (Disposals ) Tj ET Q q 0 0 0 rg BT 94.39 413.17 Td (and ) Tj ET Q q 0 0 0 rg BT 111.33 413.17 Td (deconsolidations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 413.22 Td (\(315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 413.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 413.22 Td (\(120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 413.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 102.15 399.17 Td (of ) Tj ET Q q 0 0 0 rg BT 112.98 399.17 Td (goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 399.22 Td (\(232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 399.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 399.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 385.17 Td (Re-classified ) Tj ET Q q 0 0 0 rg BT 107.70 385.17 Td (as ) Tj ET Q q 0 0 0 rg BT 118.53 385.17 Td (assets ) Tj ET Q q 0 0 0 rg BT 144.36 385.17 Td (held ) Tj ET Q q 0 0 0 rg BT 164.08 385.17 Td (for ) Tj ET Q q 0 0 0 rg BT 178.24 385.17 Td (sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 385.22 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 385.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 385.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 371.28 Td (Net book value at end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 371.28 Td (604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 371.28 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.77 343.10 Td ($315 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.16 343.10 Td ( derecognized through disposals and deconsolidations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.39 343.10 Td ($286 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.78 343.10 Td ( related to the Floater segment and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.57 343.10 Td ($29 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 331.10 Td ( related to the ) Tj ET Q q 0 0 0 rg BT 135.91 331.10 Td (T) Tj ET Q q 0 0 0 rg BT 141.32 331.10 Td (ender rig segment \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.79 331.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.79 331.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.07 331.10 Td ($120 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.46 331.10 Td ( related to the ) Tj ET Q q 0 0 0 rg BT 352.48 331.10 Td (T) Tj ET Q q 0 0 0 rg BT 357.89 331.10 Td (ender rig segment\). ) Tj ET Q q 0 0 0 rg BT 440.18 331.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.22 331.10 Td ($49 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.61 331.10 Td ( reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (as assets held for sale relates to the Jack-up segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (For more details on the deconsolidation of seadrill Partners see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.05 295.10 Td (Note 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.99 295.10 Td (, details on the disposal of subsidiaries see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.90 295.10 Td (Note 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.84 295.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (details on ) Tj ET Q q 0 0 0 rg BT 90.55 283.10 Td (Assets held for sale see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.36 283.10 Td (Note 20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.30 283.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 257.53505859375 m 189.51171875 257.53505859375 l s q 0 0 0 rg BT 50.00 259.10 Td (Period ended December) Tj ET Q q 0 0 0 rg BT 152.01 259.10 Td ( 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (The Company performed its annual goodwill impairment test as of December 31, 2014 for both its reporting units; Floaters and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (Jack-ups. ) Tj ET Q q 0 0 0 rg BT 92.31 225.10 Td (The Company elected to bypass the qualitative assessment given the recent decline in market conditions in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 213.10 Td (fshore drilling industry) Tj ET Q q 0 0 0 rg BT 149.71 213.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.03 213.10 Td (The annual impairment test resulted in the Company recognizing an impairment loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.89 213.10 Td ($232 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.28 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (relating to its Jack-up reporting unit. ) Tj ET Q q 0 0 0 rg BT 200.90 201.10 Td (The impairment loss relating to the Jack-up reporting unit is primarily due to declining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (day rates and future market expectations for day rates in the sector) Tj ET Q q 0 0 0 rg BT 315.17 189.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.49 189.10 Td (These have been trending lower as a result of the recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (decline in the price of oil, which has impacted the spending plans of our customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (The estimated fair values of the Floater and Jack-up reporting units were derived using an income approach which estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (discounted future cash flows for each reporting unit. Our estimated future free cash flows are primarily based on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (expectations around day rates, drilling unit utilization, operating costs, capital and long term maintenance expenditures and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (applicable tax rates. ) Tj ET Q q 0 0 0 rg BT 134.50 119.10 Td (The cash flows are estimated over the remaining useful economic lives of the assets but no longer than 30 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (years in total, and discounted using an estimated market participant weighted average cost of capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.02 107.10 Td (9.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.85 107.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (The assumptions used in the Company) Tj ET Q q 0 0 0 rg BT 207.49 85.10 Td (s estimated cash flows were derived from unobservable inputs and are based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (management) Tj ET Q q 0 0 0 rg BT 103.87 73.10 Td (s judgments and assumptions available at the time of performing the impairment test. ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (As of December 31, 2014 the aggregated estimated fair value of the Company) Tj ET Q q 0 0 0 rg BT 365.17 742.10 Td (s reporting units exceeded its market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (capitalization. ) Tj ET Q q 0 0 0 rg BT 111.18 730.10 Td (The Company evaluated the dif) Tj ET Q q 0 0 0 rg BT 237.07 730.10 Td (ference by reviewing the implied control premium as compared to other market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (transactions within our industry and considering other benchmark data and analysis prepared by of) Tj ET Q q 0 0 0 rg BT 444.43 718.10 Td (fshore drilling industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (analysts. ) Tj ET Q q 0 0 0 rg BT 89.54 706.10 Td (The Company deems the implied control premium to be reasonable in the context of the data considered. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 682.53505859375 m 207.05078125 682.53505859375 l s q 0 0 0 rg BT 50.00 684.10 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 684.10 Td ( the periods ended 2013 and 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (For the years ended December 31, 2013 and 2012 the Company performed a qualitative assessment of its reporting units which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (determined that it was more-likely-than-not that the fair value of its Floaters and Jack-up reporting units were not less than their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (carrying amount. ) Tj ET Q q 0 0 0 rg BT 122.76 638.10 Td (As a result it was not considered necessary to perform the two step goodwill impairment test and no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (impairment losses were recognized.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 742.25 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.99 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 742.25 Td (Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.04 742.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 706.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 706.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 706.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 706.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 706.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 678.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 678.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 678.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 678.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 678.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 650.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 650.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 650.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 622.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 622.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 622.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 594.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 594.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 594.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 594.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 594.75 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 566.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 566.75 67.00 -14.00 re f /GS0 gs 0.8 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49.5 342.75 m 419.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 328.75 m 419.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 342.75 m 423.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 328.75 m 423.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 342.75 m 490.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 328.75 m 490.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 342.75 m 494.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 328.75 m 494.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 342.75 m 561.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 328.75 m 561.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 272.75 m 419.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 258.75 m 419.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 272.75 m 423.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 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202.75 m 561.5 202.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 188.75 m 561.5 188.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 711.46 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.85 721.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.00 711.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.85 721.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.00 711.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 697.43 Td (Cr) Tj ET Q q 0 0 0 rg BT 63.57 697.43 Td (edit ) Tj ET Q q 0 0 0 rg BT 82.09 697.43 Td (facilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 697.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 697.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 683.32 Td ($1,500 ) Tj ET Q q 0 0 0 rg BT 100.00 683.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 683.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 683.32 Td (706) Tj ET Q BT /F1 10.00 Tf 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(397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 473.32 Td (450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 459.32 Td ($1,500 ) Tj ET Q q 0 0 0 rg BT 100.00 459.32 Td (facility ) Tj ET Q q 0 0 0 rg BT 130.82 459.32 Td (\(2014\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 459.32 Td (1,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 459.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 445.32 Td ($1,350 ) Tj ET Q q 0 0 0 rg BT 100.00 445.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 445.32 Td (1,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 445.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 431.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.21 431.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.36 431.43 Td (cr) Tj ET Q q 0 0 0 rg BT 85.15 431.43 Td (edit ) Tj ET Q q 0 0 0 rg BT 103.67 431.43 Td (facilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 431.43 Td (8,602) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 431.43 Td (8,976) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 403.43 Td (Ship ) Tj ET Q q 0 0 0 rg BT 73.96 403.43 Td (Finance ) Tj ET Q q 0 0 0 rg BT 110.35 403.43 Td (International ) Tj ET Q q 0 0 0 rg BT 169.52 403.43 Td (Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 403.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 403.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 389.32 Td ($420 ) Tj ET Q q 0 0 0 rg BT 98.50 389.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 389.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 389.32 Td (387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 375.32 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 375.32 Td ( ) Tj ET Q q 0 0 0 rg BT 75.00 375.32 Td ($375 ) Tj ET Q q 0 0 0 rg BT 97.50 375.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 375.32 Td (284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 375.32 Td (362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 361.32 Td ($390 ) Tj ET Q q 0 0 0 rg BT 98.50 361.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 361.32 Td (303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 361.32 Td (383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 347.32 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 347.32 Td ( ) Tj ET Q q 0 0 0 rg BT 75.00 347.32 Td ($475 ) Tj ET Q q 0 0 0 rg BT 97.50 347.32 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 347.32 Td (451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 347.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 333.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.21 333.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.36 333.43 Td (Ship ) Tj ET Q q 0 0 0 rg BT 98.32 333.43 Td (Finance ) Tj ET Q q 0 0 0 rg BT 134.71 333.43 Td (International ) Tj ET Q q 0 0 0 rg BT 193.88 333.43 Td (Loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 333.43 Td (1,038) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 333.43 Td (1,132) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 305.43 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 87.46 305.43 Td (ed ) Tj ET Q q 0 0 0 rg BT 99.87 305.43 Td (bonds ) Tj ET Q q 0 0 0 rg BT 127.95 305.43 Td (and ) Tj ET Q q 0 0 0 rg BT 146.57 305.43 Td (convertible ) Tj ET Q q 0 0 0 rg BT 196.83 305.43 Td (bonds:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 305.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 305.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 291.32 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 121.26 291.32 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 291.32 Td (2,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 291.32 Td (2,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 277.32 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 125.71 277.32 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 277.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 277.32 Td (577) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 263.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.21 263.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.36 263.43 Td (unsecur) Tj ET Q q 0 0 0 rg BT 110.16 263.43 Td (ed ) Tj ET Q q 0 0 0 rg BT 122.57 263.43 Td (bonds ) Tj ET Q q 0 0 0 rg BT 150.65 263.43 Td (and ) Tj ET Q q 0 0 0 rg BT 169.27 263.43 Td (convertible ) Tj ET Q q 0 0 0 rg BT 219.53 263.43 Td (bonds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 263.43 Td (2,856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 263.43 Td (3,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 235.32 Td (Other ) Tj ET Q q 0 0 0 rg BT 77.27 235.32 Td (credit ) Tj ET Q q 0 0 0 rg BT 102.53 235.32 Td (facilities ) Tj ET Q q 0 0 0 rg BT 139.46 235.32 Td (with ) Tj ET Q q 0 0 0 rg BT 159.74 235.32 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 219.45 235.32 Td (restricted ) Tj ET Q q 0 0 0 rg BT 259.15 235.32 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.42 235.32 Td (deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 235.32 Td (124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 235.32 Td (197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 221.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.21 221.43 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.36 221.43 Td (debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 221.43 Td (12,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 221.43 Td (13,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 207.32 Td (Less: ) Tj ET Q q 0 0 0 rg BT 75.61 207.32 Td (current ) Tj ET Q q 0 0 0 rg BT 106.42 207.32 Td (portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 207.37 Td (\(2,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 207.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 207.37 Td (\(1,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 207.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 193.43 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 100.60 193.43 Td (portion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 193.43 Td (10,311) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 193.43 Td (11,900) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The outstanding debt as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.59 742.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.17 742.10 Td ( is repayable as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 691.60 420.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 691.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 691.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.60 420.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 661.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.60 420.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 631.60 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 616.6 m 470.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 602.6 m 470.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 616.6 m 474.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 602.6 m 474.5 602.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 616.6 m 562.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 602.6 m 562.5 602.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 711.27 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.40 722.33 Td (As at December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 712.33 Td (31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 696.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 696.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 696.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 696.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 696.27 Td (December ) Tj ET Q q 0 0 0 rg BT 186.70 696.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 201.70 696.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 696.27 Td (2,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 681.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 681.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 681.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 681.27 Td (December ) Tj ET Q q 0 0 0 rg BT 186.70 681.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 201.70 681.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 681.27 Td (1,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 666.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 666.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 666.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 666.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 666.27 Td (December ) Tj ET Q q 0 0 0 rg BT 186.70 666.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 201.70 666.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 666.27 Td (2,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 651.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 651.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 651.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 651.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 651.27 Td (December ) Tj ET Q q 0 0 0 rg BT 186.70 651.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 201.70 651.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 651.27 Td (2,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 636.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 636.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 636.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 636.27 Td (December ) Tj ET Q q 0 0 0 rg BT 186.70 636.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 201.70 636.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 636.27 Td (2,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 621.27 Td (welve ) Tj ET Q q 0 0 0 rg BT 84.79 621.27 Td (months ) Tj ET Q q 0 0 0 rg BT 116.74 621.27 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.11 621.27 Td (December ) Tj ET Q q 0 0 0 rg BT 186.70 621.27 Td (31, ) Tj ET Q q 0 0 0 rg BT 201.70 621.27 Td (2020 ) Tj ET Q q 0 0 0 rg BT 224.20 621.27 Td (and ) Tj ET Q q 0 0 0 rg BT 241.13 621.27 Td (thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 621.27 Td (990) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 607.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 607.28 Td (otal ) Tj ET Q q 0 0 0 rg BT 77.36 607.28 Td (debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 607.28 Td (12,620) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 571.53505859375 m 118.408203125 571.53505859375 l s q 0 0 0 rg BT 50.00 573.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 573.10 Td (edit Facilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td ($1,500 facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.63 537.10 Td (February ) Tj ET Q q 0 0 0 rg BT 101.03 537.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 124.32 537.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 158.73 537.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 194.79 537.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 227.51 537.10 Td (into ) Tj ET Q q 0 0 0 rg BT 246.37 537.10 Td (an ) Tj ET Q q 0 0 0 rg BT 259.11 537.10 Td (independently ) Tj ET Q q 0 0 0 rg BT 319.06 537.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 356.78 537.10 Td (term ) Tj ET Q q 0 0 0 rg BT 378.40 537.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 398.92 537.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.65 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.17 537.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 471.00 537.10 Td (received ) Tj ET Q q 0 0 0 rg BT 508.16 537.10 Td (from ) Tj ET Q q 0 0 0 rg BT 530.90 537.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 85.79 525.10 Td (new ) Tj ET Q q 0 0 0 rg BT 105.46 525.10 Td (term ) Tj ET Q q 0 0 0 rg BT 126.81 525.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 147.04 525.10 Td (were ) Tj ET Q q 0 0 0 rg BT 169.49 525.10 Td (used ) Tj ET Q q 0 0 0 rg BT 190.83 525.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.63 525.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 226.86 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.09 525.10 Td (third ) Tj ET Q q 0 0 0 rg BT 263.99 525.10 Td (party ) Tj ET Q q 0 0 0 rg BT 287.56 525.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 319.45 525.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.80 525.10 Td (this ) Tj ET Q q 0 0 0 rg BT 348.27 525.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 379.60 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.06 525.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 421.18 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.42 525.10 Td (related ) Tj ET Q q 0 0 0 rg BT 466.64 525.10 Td (party ) Tj ET Q q 0 0 0 rg BT 490.20 525.10 Td (back ) Tj ET Q q 0 0 0 rg BT 512.09 525.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.89 525.10 Td (back ) Tj ET Q q 0 0 0 rg BT 544.79 525.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 90.26 513.10 Td (between ) Tj ET Q q 0 0 0 rg BT 126.08 513.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.80 513.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.18 513.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.12 513.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 232.72 513.10 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 270.49 513.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.43 513.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 309.37 513.10 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.37 513.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.87 513.10 Td (for ) Tj ET Q q 0 0 0 rg BT 336.03 513.10 Td (further ) Tj ET Q q 0 0 0 rg BT 365.74 513.10 Td (details ) Tj ET Q q 0 0 0 rg BT 394.34 513.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.84 513.10 Td (related ) Tj ET Q q 0 0 0 rg BT 436.54 513.10 Td (party ) Tj ET Q q 0 0 0 rg BT 459.59 513.10 Td (transactions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 489.10 Td ($1,450 ) Tj ET Q q 0 0 0 rg BT 80.00 489.10 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.07 477.10 Td (March ) Tj ET Q q 0 0 0 rg BT 89.91 477.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 115.15 477.10 Td (we ) Tj ET Q q 0 0 0 rg BT 129.55 477.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 173.94 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.89 477.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 207.18 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.25 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.20 477.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 264.82 477.10 Td (that ) Tj ET Q q 0 0 0 rg BT 282.56 477.10 Td (own ) Tj ET Q q 0 0 0 rg BT 302.52 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.70 477.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 351.86 477.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.82 477.10 Td (W) Tj ET Q q 0 0 0 rg BT 374.23 477.10 Td (est ) Tj ET Q q 0 0 0 rg BT 387.88 477.10 Td (Auriga ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.40 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.91 477.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 462.76 477.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 498.26 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.33 477.10 Td (which ) Tj ET Q q 0 0 0 rg BT 536.51 477.10 Td (one ) Tj ET Q q 0 0 0 rg BT 553.69 477.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 465.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 96.10 465.10 Td (sold, ) Tj ET Q q 0 0 0 rg BT 117.77 465.10 Td (was ) Tj ET Q q 0 0 0 rg BT 135.82 465.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.76 465.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 181.91 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.85 465.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.79 465.10 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 246.60 465.10 Td (under ) Tj ET Q q 0 0 0 rg BT 271.87 465.10 Td (this ) Tj ET Q q 0 0 0 rg BT 288.82 465.10 Td (facility) Tj ET Q q 0 0 0 rg BT 316.49 465.10 Td (. ) Tj ET Q q 0 0 0 rg BT 321.49 465.10 Td (See ) Tj ET Q q 0 0 0 rg BT 338.43 465.10 Td (note ) Tj ET Q q 0 0 0 rg BT 358.14 465.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 365.64 465.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.80 465.10 Td (further ) Tj ET Q q 0 0 0 rg BT 409.51 465.10 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.71 441.10 Td (November ) Tj ET Q q 0 0 0 rg BT 105.30 441.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 130.18 441.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.22 441.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 188.25 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.85 441.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 220.77 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.48 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.08 441.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 277.34 441.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.72 441.10 Td (own ) Tj ET Q q 0 0 0 rg BT 314.32 441.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.14 441.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 362.94 441.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.54 441.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.95 441.10 Td (est ) Tj ET Q q 0 0 0 rg BT 398.44 441.10 Td (V) Tj ET Q q 0 0 0 rg BT 403.44 441.10 Td (ela ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.04 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.20 441.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 461.68 441.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 499.33 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.04 441.10 Td (which ) Tj ET Q q 0 0 0 rg BT 536.86 441.10 Td (one ) Tj ET Q q 0 0 0 rg BT 553.68 441.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 429.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 96.10 429.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 115.27 429.10 Td (was ) Tj ET Q q 0 0 0 rg BT 133.32 429.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.26 429.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 179.41 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.35 429.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.29 429.10 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 244.10 429.10 Td (under ) Tj ET Q q 0 0 0 rg BT 269.37 429.10 Td (this ) Tj ET Q q 0 0 0 rg BT 286.32 429.10 Td (facility) Tj ET Q q 0 0 0 rg BT 313.99 429.10 Td (. ) Tj ET Q q 0 0 0 rg BT 318.99 429.10 Td (See ) Tj ET Q q 0 0 0 rg BT 335.93 429.10 Td (note ) Tj ET Q q 0 0 0 rg BT 355.64 429.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 363.14 429.10 Td (for ) Tj ET Q q 0 0 0 rg BT 377.30 429.10 Td (further ) Tj ET Q q 0 0 0 rg BT 407.01 429.10 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.52 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.26 405.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 117.01 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.87 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.61 405.10 Td ($1,450 ) Tj ET Q q 0 0 0 rg BT 172.64 405.10 Td (million ) Tj ET Q q 0 0 0 rg BT 204.06 405.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 237.13 405.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 262.42 405.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 293.27 405.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 339.94 405.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.67 405.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 419.41 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.27 405.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 463.90 405.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.87 405.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 514.50 405.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 549.80 405.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 78.83 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.99 393.10 Td (severally ) Tj ET Q q 0 0 0 rg BT 134.80 393.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 159.73 393.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.11 393.10 Td (their ) Tj ET Q q 0 0 0 rg BT 195.16 393.10 Td (own ) Tj ET Q q 0 0 0 rg BT 215.10 393.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 235.03 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.19 393.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 299.35 393.10 Td (under ) Tj ET Q q 0 0 0 rg BT 324.84 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.77 393.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 370.81 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.97 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.91 393.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 422.84 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.00 393.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 487.16 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.21 393.10 Td (other ) Tj ET Q q 0 0 0 rg BT 521.47 393.10 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (who ) Tj ET Q q 0 0 0 rg BT 69.98 381.10 Td (are ) Tj ET Q q 0 0 0 rg BT 84.94 381.10 Td (also ) Tj ET Q q 0 0 0 rg BT 103.81 381.10 Td (party ) Tj ET Q q 0 0 0 rg BT 127.11 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.64 381.10 Td (such ) Tj ET Q q 0 0 0 rg BT 158.73 381.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 207.93 381.10 Td (These ) Tj ET Q q 0 0 0 rg BT 234.56 381.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 281.76 381.10 Td (are ) Tj ET Q q 0 0 0 rg BT 296.72 381.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 342.25 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.45 381.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 388.86 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.40 381.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 436.04 381.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 469.89 381.10 Td (by ) Tj ET Q q 0 0 0 rg BT 482.65 381.10 Td (any ) Tj ET Q q 0 0 0 rg BT 499.84 381.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 539.25 381.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.00 369.10 Td (facility) Tj ET Q q 0 0 0 rg BT 92.67 369.10 Td (. ) Tj ET Q q 0 0 0 rg BT 97.76 369.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.09 369.10 Td (total ) Tj ET Q q 0 0 0 rg BT 136.65 369.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 169.44 369.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 193.88 369.10 Td (by ) Tj ET Q q 0 0 0 rg BT 206.67 369.10 Td (all ) Tj ET Q q 0 0 0 rg BT 219.45 369.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 248.90 369.10 Td (under ) Tj ET Q q 0 0 0 rg BT 274.45 369.10 Td (this ) Tj ET Q q 0 0 0 rg BT 291.69 369.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 322.79 369.10 Td (as ) Tj ET Q q 0 0 0 rg BT 333.91 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.03 369.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 403.90 369.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 426.69 369.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.14 369.10 Td ($856.0 ) Tj ET Q q 0 0 0 rg BT 466.43 369.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.32 369.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.11 369.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.44 369.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.44 369.10 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.01 369.10 Td ($1,390.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 357.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 86.70 357.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.69 357.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 121.77 357.10 Td (has ) Tj ET Q q 0 0 0 rg BT 137.08 357.10 Td (not ) Tj ET Q q 0 0 0 rg BT 151.85 357.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 197.69 357.10 Td (any ) Tj ET Q q 0 0 0 rg BT 214.11 357.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 249.98 357.10 Td (that ) Tj ET Q q 0 0 0 rg BT 266.96 357.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.15 357.10 Td (related ) Tj ET Q q 0 0 0 rg BT 310.33 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.09 357.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 355.96 357.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 379.60 357.10 Td (under ) Tj ET Q q 0 0 0 rg BT 404.36 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.55 357.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 448.86 357.10 Td (by ) Tj ET Q q 0 0 0 rg BT 460.84 357.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.37 357.10 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 530.89 357.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (has ) Tj ET Q q 0 0 0 rg BT 66.16 345.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 104.53 345.10 Td (an ) Tj ET Q q 0 0 0 rg BT 116.80 345.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 160.18 345.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.78 345.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 204.71 345.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 240.31 345.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.79 345.10 Td (any ) Tj ET Q q 0 0 0 rg BT 272.06 345.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 313.21 345.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.37 345.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 371.64 345.10 Td (related ) Tj ET Q q 0 0 0 rg BT 401.67 345.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.28 345.10 Td (this ) Tj ET Q q 0 0 0 rg BT 429.55 345.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 460.70 345.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.52 345.10 Td (are ) Tj ET Q q 0 0 0 rg BT 493.55 345.10 Td (not ) Tj ET Q q 0 0 0 rg BT 509.16 345.10 Td (related ) Tj ET Q q 0 0 0 rg BT 539.19 345.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 345.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.41 333.10 Td (est ) Tj ET Q q 0 0 0 rg BT 70.84 333.10 Td (Auriga ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.12 333.10 Td (or) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 109.45 333.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.95 333.10 Td (W) Tj ET Q q 0 0 0 rg BT 119.36 333.10 Td (est ) Tj ET Q q 0 0 0 rg BT 132.97 333.10 Td (V) Tj ET Q q 0 0 0 rg BT 137.97 333.10 Td (ela) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.19 333.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td ($550 ) Tj ET Q q 0 0 0 rg BT 72.50 309.10 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.32 297.10 Td (June ) Tj ET Q q 0 0 0 rg BT 82.65 297.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 105.64 297.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 139.74 297.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 178.00 297.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 217.08 297.10 Td (its ) Tj ET Q q 0 0 0 rg BT 229.53 297.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 264.18 297.10 Td (term ) Tj ET Q q 0 0 0 rg BT 285.50 297.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 305.71 297.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.37 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.58 297.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 380.23 297.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.55 297.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 434.54 297.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 471.42 297.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.85 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.06 297.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 542.59 297.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (used ) Tj ET Q q 0 0 0 rg BT 71.16 285.10 Td (by ) Tj ET Q q 0 0 0 rg BT 83.98 285.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 117.91 285.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 153.51 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.11 285.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 189.14 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.19 285.10 Td (third ) Tj ET Q q 0 0 0 rg BT 225.90 285.10 Td (party ) Tj ET Q q 0 0 0 rg BT 249.27 285.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 280.98 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.13 285.10 Td (this ) Tj ET Q q 0 0 0 rg BT 309.41 285.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 340.55 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.82 285.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 381.75 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.79 285.10 Td (related ) Tj ET Q q 0 0 0 rg BT 426.82 285.10 Td (party ) Tj ET Q q 0 0 0 rg BT 450.19 285.10 Td (back ) Tj ET Q q 0 0 0 rg BT 471.90 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.50 285.10 Td (back ) Tj ET Q q 0 0 0 rg BT 504.20 285.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 524.25 285.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (between ) Tj ET Q q 0 0 0 rg BT 85.82 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.53 273.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 141.92 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.86 273.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 192.46 273.10 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 230.23 273.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.73 273.10 Td (See ) Tj ET Q q 0 0 0 rg BT 249.67 273.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 271.61 273.10 Td (18 ) Tj ET Q q 0 0 0 rg BT 284.11 273.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.27 273.10 Td (further ) Tj ET Q q 0 0 0 rg BT 327.97 273.10 Td (details ) Tj ET Q q 0 0 0 rg BT 356.58 273.10 Td (on ) Tj ET Q q 0 0 0 rg BT 369.08 273.10 Td (related ) Tj ET Q q 0 0 0 rg BT 398.78 273.10 Td (party ) Tj ET Q q 0 0 0 rg BT 421.83 273.10 Td (transactions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td ($1,200 ) Tj ET Q q 0 0 0 rg BT 80.00 249.10 Td (facility) Tj ET Q q 0 0 0 rg BT 107.95 249.10 Td (, ) Tj ET Q q 0 0 0 rg BT 112.95 249.10 Td ($1,121 ) Tj ET Q q 0 0 0 rg BT 142.95 249.10 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.50 225.10 Td (February ) Tj ET Q q 0 0 0 rg BT 98.76 225.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 123.43 225.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 156.70 225.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 191.64 225.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 223.23 225.10 Td (into ) Tj ET Q q 0 0 0 rg BT 240.95 225.10 Td (an ) Tj ET Q q 0 0 0 rg BT 252.56 225.10 Td (independently ) Tj ET Q q 0 0 0 rg BT 311.37 225.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 347.96 225.10 Td (term ) Tj ET Q q 0 0 0 rg BT 368.46 225.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 390.34 225.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.35 225.10 Td (The ) Tj ET Q q 0 0 0 rg BT 410.06 225.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 447.77 225.10 Td (received ) Tj ET Q q 0 0 0 rg BT 483.80 225.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.96 225.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 529.23 225.10 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (were ) Tj ET Q q 0 0 0 rg BT 72.51 213.10 Td (used ) Tj ET Q q 0 0 0 rg BT 93.93 213.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.79 213.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 128.97 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.27 213.10 Td (related ) Tj ET Q q 0 0 0 rg BT 174.56 213.10 Td (party ) Tj ET Q q 0 0 0 rg BT 198.19 213.10 Td (back ) Tj ET Q q 0 0 0 rg BT 220.15 213.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.01 213.10 Td (back ) Tj ET Q q 0 0 0 rg BT 252.97 213.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 273.27 213.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 314.12 213.10 Td (between ) Tj ET Q q 0 0 0 rg BT 350.52 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.82 213.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 407.79 213.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.31 213.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 459.50 213.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 495.35 213.10 Td (for ) Tj ET Q q 0 0 0 rg BT 510.10 213.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.40 213.10 Td (W) Tj ET Q q 0 0 0 rg BT 532.81 213.10 Td (est ) Tj ET Q q 0 0 0 rg BT 547.00 213.10 Td (Leo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 213.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 81.87 201.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.18 201.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.38 201.10 Td (facility) Tj ET Q q 0 0 0 rg BT 136.05 201.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.54 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.96 201.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 184.15 201.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.35 201.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 231.21 201.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.52 201.10 Td (this ) Tj ET Q q 0 0 0 rg BT 259.96 201.10 Td (facility) Tj ET Q q 0 0 0 rg BT 287.63 201.10 Td (. ) Tj ET Q q 0 0 0 rg BT 293.11 201.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.88 201.10 Td (The ) Tj ET Q q 0 0 0 rg BT 314.41 201.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 346.27 201.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.58 201.10 Td (this ) Tj ET Q q 0 0 0 rg BT 375.01 201.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 406.32 201.10 Td (were ) Tj ET Q q 0 0 0 rg BT 428.73 201.10 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 469.48 201.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 509.13 201.10 Td (Inc, ) Tj ET Q q 0 0 0 rg BT 527.39 201.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.81 201.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (party) Tj ET Q q 0 0 0 rg BT 69.90 189.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.90 189.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.84 189.10 Td (DNB ) Tj ET Q q 0 0 0 rg BT 115.45 189.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 138.51 189.10 Td (ASA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (On ) Tj ET Q q 0 0 0 rg BT 63.88 165.10 Td (August ) Tj ET Q q 0 0 0 rg BT 94.89 165.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 109.51 165.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 134.13 165.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.47 165.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 191.12 165.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.58 165.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.91 165.10 Td ($1,200 ) Tj ET Q q 0 0 0 rg BT 245.54 165.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.43 165.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.55 165.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 306.99 165.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.55 165.10 Td ($1,121 ) Tj ET Q q 0 0 0 rg BT 353.17 165.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.06 165.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.19 165.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 414.63 165.10 Td (were ) Tj ET Q q 0 0 0 rg BT 436.18 165.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 463.28 165.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.18 165.10 Td (full, ) Tj ET Q q 0 0 0 rg BT 491.69 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.25 165.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 544.24 165.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.81 153.10 Td (new ) Tj ET Q q 0 0 0 rg BT 75.85 153.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 102.66 153.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 135.58 153.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 160.72 153.10 Td (facility) Tj ET Q q 0 0 0 rg BT 188.39 153.10 Td (. ) Tj ET Q q 0 0 0 rg BT 193.26 153.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.47 153.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.39 153.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.65 153.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 300.89 153.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.70 153.10 Td ($16 ) Tj ET Q q 0 0 0 rg BT 325.08 153.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.97 153.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.34 153.10 Td (gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.56 153.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.94 153.10 Td (on ) Tj ET Q q 0 0 0 rg BT 388.31 153.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 407.90 153.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 471.94 153.10 Td (within ) Tj ET Q q 0 0 0 rg BT 499.87 153.10 Td (net ) Tj ET Q q 0 0 0 rg BT 514.46 153.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 532.40 153.10 Td (on ) Tj ET Q q 0 0 0 rg BT 544.78 153.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 114.25 141.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.62 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.43 141.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 186.60 141.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 239.73 141.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 280.64 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.56 141.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 338.31 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.32 141.10 Td (As ) Tj ET Q q 0 0 0 rg BT 354.03 141.10 Td (one ) Tj ET Q q 0 0 0 rg BT 371.06 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.98 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.78 141.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 428.25 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.17 141.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.98 141.10 Td ($1,121 ) Tj ET Q q 0 0 0 rg BT 484.07 141.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.96 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 515.55 141.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 546.46 141.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 90.27 129.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 129.44 129.10 Td (Inc, ) Tj ET Q q 0 0 0 rg BT 147.21 129.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.15 129.10 Td (related ) Tj ET Q q 0 0 0 rg BT 183.85 129.10 Td (party) Tj ET Q q 0 0 0 rg BT 203.75 129.10 Td (, ) Tj ET Q q 0 0 0 rg BT 208.75 129.10 Td (this ) Tj ET Q q 0 0 0 rg BT 225.69 129.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 272.07 129.10 Td (has ) Tj ET Q q 0 0 0 rg BT 287.90 129.10 Td (been ) Tj ET Q q 0 0 0 rg BT 309.27 129.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 348.99 129.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.05 129.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 398.98 129.10 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.98 129.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.48 129.10 Td (- ) Tj ET Q q 0 0 0 rg BT 417.31 129.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 450.36 129.10 Td (party ) Tj ET Q q 0 0 0 rg BT 473.40 129.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 526.17 129.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td ($1,350 ) Tj ET Q q 0 0 0 rg BT 80.00 105.10 Td (facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.70 81.10 Td (August ) Tj ET Q q 0 0 0 rg BT 92.63 81.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 118.17 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.43 81.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 175.36 81.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 207.82 81.10 Td (into ) Tj ET Q q 0 0 0 rg BT 226.42 81.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.90 81.10 Td ($1,350 ) Tj ET Q q 0 0 0 rg BT 264.44 81.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.33 81.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.37 81.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 323.85 81.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 357.43 81.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 383.24 81.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 414.60 81.10 Td (with ) Tj ET Q q 0 0 0 rg BT 435.42 81.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.90 81.10 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 483.70 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.07 81.10 Td (banks. ) Tj ET Q q 0 0 0 rg BT 523.94 81.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.76 81.10 Td (The ) Tj ET Q q 0 0 0 rg BT 545.35 81.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.62 69.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 114.59 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.22 69.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.96 69.10 Td (term ) Tj ET Q q 0 0 0 rg BT 152.58 69.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 172.10 69.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 202.72 69.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.68 69.10 Td ($675 ) Tj ET Q q 0 0 0 rg BT 238.98 69.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.87 69.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.17 69.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.91 69.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.65 69.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 334.27 69.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 359.34 69.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 389.96 69.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.03 69.10 Td (an ) Tj ET Q q 0 0 0 rg BT 411.77 69.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 444.07 69.10 Td (up ) Tj ET Q q 0 0 0 rg BT 456.37 69.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.45 69.10 Td ($675 ) Tj ET Q q 0 0 0 rg BT 488.75 69.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.64 69.10 Td (. ) Tj ET Q q 0 0 0 rg BT 522.44 69.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.57 69.10 Td (The ) Tj ET Q q 0 0 0 rg BT 542.25 69.10 Td (W) Tj ET Q q 0 0 0 rg BT 550.89 69.10 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (Pegasus, ) Tj ET Q q 0 0 0 rg BT 87.19 57.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.83 57.10 Td (est ) Tj ET Q q 0 0 0 rg BT 109.61 57.10 Td (Gemini ) Tj ET Q q 0 0 0 rg BT 142.27 57.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.18 57.10 Td (W) Tj ET Q q 0 0 0 rg BT 167.82 57.10 Td (est ) Tj ET Q q 0 0 0 rg BT 181.59 57.10 Td (Orion ) Tj ET Q q 0 0 0 rg BT 207.59 57.10 Td (were ) Tj ET Q q 0 0 0 rg BT 229.68 57.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 264.00 57.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.00 57.10 Td (security) Tj ET Q q 0 0 0 rg BT 306.01 57.10 Td (. ) Tj ET Q q 0 0 0 rg BT 310.98 57.10 Td (The ) Tj ET Q q 0 0 0 rg BT 329.19 57.10 Td (net ) Tj ET Q q 0 0 0 rg BT 344.07 57.10 Td (book ) Tj ET Q q 0 0 0 rg BT 366.74 57.10 Td (value ) Tj ET Q q 0 0 0 rg BT 391.06 57.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.94 57.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 459.69 57.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.69 57.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.36 57.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.36 57.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.24 57.10 Td (units ) Tj ET Q q 0 0 0 rg BT 530.35 57.10 Td (pledged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.47 45.10 Td (security ) Tj ET Q q 0 0 0 rg BT 96.27 45.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.08 45.10 Td ($1,767 ) Tj ET Q q 0 0 0 rg BT 136.72 45.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.62 45.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.03 45.10 Td (The ) Tj ET Q q 0 0 0 rg BT 189.72 45.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 221.18 45.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 245.42 45.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.00 45.10 Td (at ) Tj ET Q q 0 0 0 rg BT 288.36 45.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 321.50 45.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 341.31 45.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.89 45.10 Td (mar) Tj ET Q q 0 0 0 rg BT 364.26 45.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 380.18 45.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 45.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.98 45.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.12 45.10 Td (per ) Tj ET Q q 0 0 0 rg BT 424.03 45.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 456.89 45.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.47 45.10 Td (is ) Tj ET Q q 0 0 0 rg BT 484.28 45.10 Td (repayable ) Tj ET Q q 0 0 0 rg BT 526.29 45.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.21 45.10 Td (full ) Tj ET Q q 0 0 0 rg BT 554.24 45.10 Td (in ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 88.28 742.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 138.80 742.10 Td (over ) Tj ET Q q 0 0 0 rg BT 158.76 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 165.39 742.10 Td (term ) Tj ET Q q 0 0 0 rg BT 185.91 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.43 742.10 Td (five ) Tj ET Q q 0 0 0 rg BT 214.16 742.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 239.95 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.98 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 259.72 742.10 Td (revolver ) Tj ET Q q 0 0 0 rg BT 295.23 742.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 325.74 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 343.48 742.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 370.66 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.18 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.70 742.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 449.97 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.97 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.16 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 492.13 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.76 742.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 531.48 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 742.10 Td ($642 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.89 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.83 730.10 Td (it ) Tj ET Q q 0 0 0 rg BT 108.89 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.06 730.10 Td (repayable ) Tj ET Q q 0 0 0 rg BT 159.42 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.70 730.10 Td (full ) Tj ET Q q 0 0 0 rg BT 186.08 730.10 Td (five ) Tj ET Q q 0 0 0 rg BT 204.13 730.10 Td (years ) Tj ET Q q 0 0 0 rg BT 227.73 730.10 Td (after ) Tj ET Q q 0 0 0 rg BT 248.54 730.10 Td (drawdown. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ($1,500 facility \(2014\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.21 682.10 Td (July ) Tj ET Q q 0 0 0 rg BT 80.76 682.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 106.14 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.24 682.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 163.00 682.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 195.31 682.10 Td (into ) Tj ET Q q 0 0 0 rg BT 213.74 682.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.06 682.10 Td ($1,500 ) Tj ET Q q 0 0 0 rg BT 251.44 682.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.33 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.21 682.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 310.53 682.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 343.95 682.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 369.59 682.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 400.79 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.45 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.77 682.10 Td (syndicate ) Tj ET Q q 0 0 0 rg BT 469.41 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.62 682.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 506.83 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.49 682.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 549.79 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (three ) Tj ET Q q 0 0 0 rg BT 72.48 670.10 Td (newbuilds ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.08 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 123.50 670.10 Td (est ) Tj ET Q q 0 0 0 rg BT 137.10 670.10 Td (Saturn, ) Tj ET Q q 0 0 0 rg BT 168.76 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 176.18 670.10 Td (est ) Tj ET Q q 0 0 0 rg BT 189.78 670.10 Td (Neptune) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.11 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.60 670.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 242.53 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 249.95 670.10 Td (est ) Tj ET Q q 0 0 0 rg BT 263.55 670.10 Td (Jupiter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.37 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 321.30 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 336.01 670.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 370.16 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 380.98 670.10 Td (security) Tj ET Q q 0 0 0 rg BT 411.99 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 416.80 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 434.84 670.10 Td (net ) Tj ET Q q 0 0 0 rg BT 449.56 670.10 Td (book ) Tj ET Q q 0 0 0 rg BT 472.05 670.10 Td (value ) Tj ET Q q 0 0 0 rg BT 496.20 670.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.91 670.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.60 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.53 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.35 658.10 Td (units ) Tj ET Q q 0 0 0 rg BT 120.40 658.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 154.65 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 165.58 658.10 Td (security ) Tj ET Q q 0 0 0 rg BT 199.84 658.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.11 658.10 Td ($1,840 ) Tj ET Q q 0 0 0 rg BT 239.21 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.10 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 273.01 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 291.16 658.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 322.08 658.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 345.78 658.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 377.81 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 387.63 658.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 420.23 658.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 439.50 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.54 658.10 Td (mar) Tj ET Q q 0 0 0 rg BT 461.90 658.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 477.28 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.21 658.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.13 658.10 Td (1.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.96 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.83 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 73.26 646.10 Td (per ) Tj ET Q q 0 0 0 rg BT 88.46 646.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 120.60 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.47 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.56 646.10 Td (repayable ) Tj ET Q q 0 0 0 rg BT 187.86 646.10 Td (over ) Tj ET Q q 0 0 0 rg BT 208.05 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.92 646.10 Td (term ) Tj ET Q q 0 0 0 rg BT 235.67 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.43 646.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 275.51 646.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 301.54 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.79 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 321.77 646.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 341.41 646.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 377.17 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.03 646.10 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 435.89 646.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 468.30 646.10 Td (Reference ) Tj ET Q q 0 0 0 rg BT 511.25 646.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 532.01 646.10 Td (\(CIRR\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 80.70 634.10 Td (with ) Tj ET Q q 0 0 0 rg BT 99.75 634.10 Td (Eksportfinans ) Tj ET Q q 0 0 0 rg BT 156.29 634.10 Td (ASA, ) Tj ET Q q 0 0 0 rg BT 180.08 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.57 634.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 239.27 634.10 Td (export ) Tj ET Q q 0 0 0 rg BT 266.10 634.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 290.14 634.10 Td (agency) Tj ET Q q 0 0 0 rg BT 317.80 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 321.58 634.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.85 634.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 360.22 634.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 382.05 634.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 412.75 634.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.25 634.10 Td (2.38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.08 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.35 634.10 Td (per ) Tj ET Q q 0 0 0 rg BT 462.40 634.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 493.39 634.10 Td (If ) Tj ET Q q 0 0 0 rg BT 501.33 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.82 634.10 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 81.46 622.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.83 622.10 Td ($300 ) Tj ET Q q 0 0 0 rg BT 113.87 622.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.77 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.81 622.10 Td (does ) Tj ET Q q 0 0 0 rg BT 165.18 622.10 Td (not ) Tj ET Q q 0 0 0 rg BT 179.99 622.10 Td (get ) Tj ET Q q 0 0 0 rg BT 194.25 622.10 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 238.48 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.30 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.56 622.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 310.14 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.51 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.77 622.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 377.35 622.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 408.27 622.10 Td (after ) Tj ET Q q 0 0 0 rg BT 428.62 622.10 Td (five ) Tj ET Q q 0 0 0 rg BT 446.21 622.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 471.85 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.10 622.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 528.69 622.10 Td (tranches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (also ) Tj ET Q q 0 0 0 rg BT 68.61 610.10 Td (become ) Tj ET Q q 0 0 0 rg BT 102.20 610.10 Td (due ) Tj ET Q q 0 0 0 rg BT 119.14 610.10 Td (after ) Tj ET Q q 0 0 0 rg BT 139.96 610.10 Td (five ) Tj ET Q q 0 0 0 rg BT 158.00 610.10 Td (years. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 581.53505859375 m 123.447265625 581.53505859375 l s q 0 0 0 rg BT 50.00 583.10 Td (Unsecur) Tj ET Q q 0 0 0 rg BT 85.37 583.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 97.87 583.10 Td (bonds) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td ($600 ) Tj ET Q q 0 0 0 rg BT 72.50 553.10 Td (million ) Tj ET Q q 0 0 0 rg BT 104.45 553.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 132.51 553.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 177.80 553.10 Td (bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.88 538.10 Td (January ) Tj ET Q q 0 0 0 rg BT 94.52 538.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 119.57 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.44 538.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 179.10 538.10 Td (North ) Tj ET Q q 0 0 0 rg BT 204.41 538.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 239.17 538.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 273.38 538.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 300.93 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.91 538.10 Td ($600 ) Tj ET Q q 0 0 0 rg BT 330.46 538.10 Td (million ) Tj ET Q q 0 0 0 rg BT 361.90 538.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 388.88 538.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 431.97 538.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 454.51 538.10 Td (issue. ) Tj ET Q q 0 0 0 rg BT 479.38 538.10 Td (The ) Tj ET Q q 0 0 0 rg BT 497.47 538.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 520.02 538.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 554.22 538.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (January ) Tj ET Q q 0 0 0 rg BT 83.02 526.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 104.95 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.32 526.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 144.34 526.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 175.70 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.96 526.10 Td (6.25% ) Tj ET Q q 0 0 0 rg BT 213.71 526.10 Td (per ) Tj ET Q q 0 0 0 rg BT 228.41 526.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 260.05 526.10 Td (In ) Tj ET Q q 0 0 0 rg BT 270.31 526.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 319.45 526.10 Td (with ) Tj ET Q q 0 0 0 rg BT 339.15 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.29 526.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 375.22 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.58 526.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 445.73 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.43 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.58 526.10 Td (open ) Tj ET Q q 0 0 0 rg BT 490.94 526.10 Td (market ) Tj ET Q q 0 0 0 rg BT 520.63 526.10 Td (we ) Tj ET Q q 0 0 0 rg BT 534.22 526.10 Td (bought ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (27.5% ) Tj ET Q q 0 0 0 rg BT 78.08 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.67 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.13 514.10 Td (bond, ) Tj ET Q q 0 0 0 rg BT 127.89 514.10 Td (which ) Tj ET Q q 0 0 0 rg BT 154.58 514.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 196.26 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.29 514.10 Td ($165 ) Tj ET Q q 0 0 0 rg BT 228.55 514.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 262.19 514.10 Td (During ) Tj ET Q q 0 0 0 rg BT 292.77 514.10 Td (June ) Tj ET Q q 0 0 0 rg BT 313.36 514.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 335.61 514.10 Td (we ) Tj ET Q q 0 0 0 rg BT 349.52 514.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 368.44 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.13 514.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 406.27 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.86 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.33 514.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 453.58 514.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 482.49 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.74 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.21 514.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 550.35 514.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 67.38 502.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 101.15 502.10 Td (During ) Tj ET Q q 0 0 0 rg BT 131.86 502.10 Td (December ) Tj ET Q q 0 0 0 rg BT 175.32 502.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 197.70 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 211.73 502.10 Td (bought ) Tj ET Q q 0 0 0 rg BT 241.89 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.27 502.10 Td ($47 ) Tj ET Q q 0 0 0 rg BT 261.65 502.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.54 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.92 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.29 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.00 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.60 502.10 Td (bond. ) Tj ET Q q 0 0 0 rg BT 345.47 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.33 502.10 Td (As ) Tj ET Q q 0 0 0 rg BT 360.82 502.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.53 502.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 429.99 502.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.99 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.37 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 466.40 502.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 502.10 Td (31.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.83 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.21 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.91 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.51 502.10 Td (bond, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 490.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 118.87 490.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.15 490.10 Td ($187 ) Tj ET Q q 0 0 0 rg BT 151.65 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.54 490.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (SEK1,500 ) Tj ET Q q 0 0 0 rg BT 93.90 460.10 Td (million ) Tj ET Q q 0 0 0 rg BT 125.85 460.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 153.92 460.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 199.20 460.10 Td (bond) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.43 445.10 Td (March ) Tj ET Q q 0 0 0 rg BT 90.63 445.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 116.24 445.10 Td (we ) Tj ET Q q 0 0 0 rg BT 131.00 445.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 159.10 445.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.65 445.10 Td (SEK1,500 ) Tj ET Q q 0 0 0 rg BT 211.14 445.10 Td (million ) Tj ET Q q 0 0 0 rg BT 243.13 445.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 270.68 445.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 314.32 445.10 Td (bond. ) Tj ET Q q 0 0 0 rg BT 339.70 445.10 Td (The ) Tj ET Q q 0 0 0 rg BT 358.35 445.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 381.45 445.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 416.21 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.09 445.10 Td (March ) Tj ET Q q 0 0 0 rg BT 456.29 445.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 479.39 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.93 445.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 521.14 445.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 553.67 445.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (STIBOR ) Tj ET Q q 0 0 0 rg BT 88.06 433.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 107.23 433.10 Td (3.25%. ) Tj ET Q q 0 0 0 rg BT 137.88 433.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.93 433.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 178.43 433.10 Td (was ) Tj ET Q q 0 0 0 rg BT 196.48 433.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 251.20 433.10 Td (swapped ) Tj ET Q q 0 0 0 rg BT 288.69 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.96 433.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 319.25 433.10 Td (with ) Tj ET Q q 0 0 0 rg BT 339.53 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.46 433.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 369.51 433.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 387.00 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.83 433.10 Td (5.2% ) Tj ET Q q 0 0 0 rg BT 421.16 433.10 Td (per ) Tj ET Q q 0 0 0 rg BT 436.43 433.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 466.14 433.10 Td (until ) Tj ET Q q 0 0 0 rg BT 486.98 433.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 520.21 433.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 95.84 409.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.90 409.10 Td (new ) Tj ET Q q 0 0 0 rg BT 128.07 409.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 173.35 409.10 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.12 391.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 111.12 391.10 Td (with ) Tj ET Q q 0 0 0 rg BT 131.69 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.70 391.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 183.37 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.49 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.49 391.10 Td (above ) Tj ET Q q 0 0 0 rg BT 236.16 391.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 265.34 391.10 Td (they ) Tj ET Q q 0 0 0 rg BT 285.35 391.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.35 391.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 331.46 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.03 391.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 372.03 391.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 409.80 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.03 391.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 469.80 391.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 512.57 391.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 554.24 391.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.84 379.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 110.01 379.10 Td (which ) Tj ET Q q 0 0 0 rg BT 136.96 379.10 Td (restrict, ) Tj ET Q q 0 0 0 rg BT 169.73 379.10 Td (among ) Tj ET Q q 0 0 0 rg BT 199.46 379.10 Td (other ) Tj ET Q q 0 0 0 rg BT 222.52 379.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 251.98 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.82 379.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 295.88 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.17 379.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 323.12 379.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 367.02 379.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 390.08 379.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 446.74 379.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 469.80 379.10 Td (liens, ) Tj ET Q q 0 0 0 rg BT 493.70 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.65 379.10 Td (make ) Tj ET Q q 0 0 0 rg BT 534.82 379.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 102.57 367.10 Td (These ) Tj ET Q q 0 0 0 rg BT 128.92 367.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 173.05 367.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 204.95 367.10 Td (other ) Tj ET Q q 0 0 0 rg BT 227.97 367.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 272.10 367.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 299.29 367.10 Td (including ) Tj ET Q q 0 0 0 rg BT 339.54 367.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.21 367.10 Td (events ) Tj ET Q q 0 0 0 rg BT 397.23 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.04 367.10 Td (default, ) Tj ET Q q 0 0 0 rg BT 440.77 367.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 463.25 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.94 367.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 524.26 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.07 367.10 Td (which, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.10 355.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 91.88 355.10 Td (may ) Tj ET Q q 0 0 0 rg BT 111.98 355.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.31 355.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 161.05 355.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 213.93 355.10 Td (due ) Tj ET Q q 0 0 0 rg BT 231.25 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.57 355.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 285.05 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.94 355.10 Td (In ) Tj ET Q q 0 0 0 rg BT 299.16 355.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 334.81 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.48 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.58 355.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 389.84 355.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.06 355.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 428.95 355.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 473.49 355.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 513.57 355.10 Td (also ) Tj ET Q q 0 0 0 rg BT 532.57 355.10 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 97.81 343.10 Td (which ) Tj ET Q q 0 0 0 rg BT 125.63 343.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.21 343.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 186.25 343.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.28 343.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 245.20 343.10 Td (financings ) Tj ET Q q 0 0 0 rg BT 290.23 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.39 343.10 Td (this ) Tj ET Q q 0 0 0 rg BT 319.21 343.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 355.37 343.10 Td (for ) Tj ET Q q 0 0 0 rg BT 370.41 343.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 401.56 343.10 Td (unrated ) Tj ET Q q 0 0 0 rg BT 434.92 343.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 464.69 343.10 Td (including ) Tj ET Q q 0 0 0 rg BT 505.84 343.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 552.00 343.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 106.66 331.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 149.98 331.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 200.24 331.10 Td (with ) Tj ET Q q 0 0 0 rg BT 220.52 331.10 Td (af) Tj ET Q q 0 0 0 rg BT 228.11 331.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 257.82 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.76 331.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 321.69 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 334.19 331.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 393.08 331.10 Td (mer) Tj ET Q q 0 0 0 rg BT 408.44 331.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 423.71 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.65 331.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 458.70 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.53 331.10 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.61 313.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.67 313.10 Td (SEK1,500 ) Tj ET Q q 0 0 0 rg BT 126.78 313.10 Td (million ) Tj ET Q q 0 0 0 rg BT 158.39 313.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 185.55 313.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 228.81 313.10 Td (bond, ) Tj ET Q q 0 0 0 rg BT 254.04 313.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.09 313.10 Td (main ) Tj ET Q q 0 0 0 rg BT 292.81 313.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 331.62 313.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.01 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.51 313.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 389.23 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.39 313.10 Td (total ) Tj ET Q q 0 0 0 rg BT 416.88 313.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 444.60 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.10 313.10 Td (total ) Tj ET Q q 0 0 0 rg BT 475.60 313.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.65 313.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 522.70 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.75 313.10 Td (at ) Tj ET Q q 0 0 0 rg BT 543.69 313.10 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (30.0%. ) Tj ET Q q 0 0 0 rg BT 80.83 301.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 102.78 301.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 130.27 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.21 301.10 Td (total ) Tj ET Q q 0 0 0 rg BT 167.49 301.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.32 301.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.02 301.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 243.85 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.01 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.72 301.10 Td (dif) Tj ET Q q 0 0 0 rg BT 283.65 301.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 315.57 301.10 Td (between ) Tj ET Q q 0 0 0 rg BT 351.38 301.10 Td (book ) Tj ET Q q 0 0 0 rg BT 373.88 301.10 Td (value ) Tj ET Q q 0 0 0 rg BT 398.04 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.98 301.10 Td (market ) Tj ET Q q 0 0 0 rg BT 445.24 301.10 Td (values ) Tj ET Q q 0 0 0 rg BT 473.29 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.12 301.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 516.06 301.10 Td (units.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (Bond ) Tj ET Q q 0 0 0 rg BT 74.73 271.10 Td (conversion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.46 259.10 Td (July ) Tj ET Q q 0 0 0 rg BT 81.26 259.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 106.89 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.24 259.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.25 259.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 203.48 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.04 259.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 252.50 259.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 292.28 259.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 329.84 259.10 Td (of) Tj ET Q q 0 0 0 rg BT 337.99 259.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 352.22 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.13 259.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 396.25 259.10 Td (any ) Tj ET Q q 0 0 0 rg BT 413.81 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.38 259.10 Td (all ) Tj ET Q q 0 0 0 rg BT 444.51 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.97 259.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.31 259.10 Td ($650 ) Tj ET Q q 0 0 0 rg BT 494.44 259.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.33 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.46 259.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.77 247.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.87 247.10 Td (3.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.70 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.47 247.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 175.23 247.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 201.89 247.10 Td (due ) Tj ET Q q 0 0 0 rg BT 219.10 247.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 244.37 247.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 278.81 247.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.91 247.10 Td ($649 ) Tj ET Q q 0 0 0 rg BT 312.68 247.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.57 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.34 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.45 247.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 393.76 247.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 426.53 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.63 247.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 485.38 247.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 512.05 247.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 549.79 247.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 90.39 235.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 129.10 235.10 Td (of) Tj ET Q q 0 0 0 rg BT 137.25 235.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 150.41 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.91 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.19 235.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.14 235.10 Td (then ) Tj ET Q q 0 0 0 rg BT 241.42 235.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 271.79 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.63 235.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 316.45 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.72 235.10 Td ("90% ) Tj ET Q q 0 0 0 rg BT 355.20 235.10 Td (clean-up ) Tj ET Q q 0 0 0 rg BT 391.68 235.10 Td (call" ) Tj ET Q q 0 0 0 rg BT 412.26 235.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 452.10 235.10 Td (on ) Tj ET Q q 0 0 0 rg BT 464.16 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.44 235.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.05 235.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 533.11 235.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 235.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (outstanding. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 84.30 199.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 126.37 199.10 Td (at ) Tj ET Q q 0 0 0 rg BT 136.23 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.09 199.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 198.16 199.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 244.68 199.10 Td (price ) Tj ET Q q 0 0 0 rg BT 267.31 199.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.28 199.10 Td ($27.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.78 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.43 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.51 199.10 Td (received ) Tj ET Q q 0 0 0 rg BT 362.01 199.10 Td (an ) Tj ET Q q 0 0 0 rg BT 374.10 199.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 413.39 199.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 450.47 199.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.44 199.10 Td ($12,102.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.44 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.09 199.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.50 199.10 Td ($100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 199.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.44 187.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 119.33 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.55 187.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 151.45 187.10 Td (held. ) Tj ET Q q 0 0 0 rg BT 173.06 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.53 187.10 Td (As ) Tj ET Q q 0 0 0 rg BT 187.54 187.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.87 187.10 Td (result ) Tj ET Q q 0 0 0 rg BT 217.99 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.21 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.32 187.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 290.59 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.70 187.10 Td (number ) Tj ET Q q 0 0 0 rg BT 337.14 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.37 187.10 Td (common ) Tj ET Q q 0 0 0 rg BT 384.25 187.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 411.14 187.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 459.70 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.37 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.48 187.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.26 187.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 175.10 Td (23.8 ) Tj ET Q q 0 0 0 rg BT 82.50 175.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.39 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.89 175.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 143.88 175.10 Td (with ) Tj ET Q q 0 0 0 rg BT 164.16 175.10 Td (an ) Tj ET Q q 0 0 0 rg BT 176.10 175.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 211.35 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.63 175.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 249.13 175.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.96 175.10 Td ($893 ) Tj ET Q q 0 0 0 rg BT 282.46 175.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.35 175.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (As ) Tj ET Q q 0 0 0 rg BT 62.94 151.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.20 151.10 Td (result ) Tj ET Q q 0 0 0 rg BT 93.24 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.40 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.44 151.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 163.14 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.19 151.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.90 151.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 254.70 151.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.96 151.10 Td (char) Tj ET Q q 0 0 0 rg BT 277.99 151.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 289.25 151.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.41 151.10 Td ($79 ) Tj ET Q q 0 0 0 rg BT 316.23 151.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.12 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.95 151.10 Td (related ) Tj ET Q q 0 0 0 rg BT 375.98 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.58 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.62 151.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 438.10 151.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 457.14 151.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.63 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.67 151.10 Td (induced ) Tj ET Q q 0 0 0 rg BT 518.15 151.10 Td (conversion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.77 139.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.53 139.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 91.42 139.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.75 139.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 123.29 139.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 187.28 139.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.93 139.10 Td ($16 ) Tj ET Q q 0 0 0 rg BT 215.26 139.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.15 139.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.98 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.14 139.10 Td (These ) Tj ET Q q 0 0 0 rg BT 277.34 139.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 313.55 139.10 Td (were ) Tj ET Q q 0 0 0 rg BT 335.31 139.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 381.50 139.10 Td (within ) Tj ET Q q 0 0 0 rg BT 409.38 139.10 Td (net ) Tj ET Q q 0 0 0 rg BT 423.92 139.10 Td (gain/\(loss\) ) Tj ET Q q 0 0 0 rg BT 468.47 139.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.79 139.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 500.34 139.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 564.50 139.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.85 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.15 127.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 123.80 127.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 177.42 127.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 218.81 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.22 127.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 277.45 127.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.52 127.10 Td ($278 ) Tj ET Q q 0 0 0 rg BT 303.60 127.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.49 127.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.57 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.97 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.26 127.10 Td (total ) Tj ET Q q 0 0 0 rg BT 383.11 127.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 440.06 127.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 486.44 127.10 Td (on ) Tj ET Q q 0 0 0 rg BT 499.52 127.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 546.47 127.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 88.59 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.87 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.58 115.10 Td (reacquisition ) Tj ET Q q 0 0 0 rg BT 167.73 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.56 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.28 115.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 236.88 115.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 283.25 115.10 Td (option ) Tj ET Q q 0 0 0 rg BT 311.31 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.25 115.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 374.61 115.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.44 115.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.38 115.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 432.64 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.47 115.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 496.61 115.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.11 115.10 Td (equity) Tj ET Q q 0 0 0 rg BT 523.45 115.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 91.10 Td (total ) Tj ET Q q 0 0 0 rg BT 88.32 91.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 108.59 91.10 Td (outflow ) Tj ET Q q 0 0 0 rg BT 142.20 91.10 Td (due ) Tj ET Q q 0 0 0 rg BT 159.14 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.41 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.13 91.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 223.28 91.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 264.11 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.04 91.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 314.63 91.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 346.56 91.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.61 91.10 Td ($69 ) Tj ET Q q 0 0 0 rg BT 382.11 91.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.01 91.10 Td (. ) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-26) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 96.94 697.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 120.00 697.25 Td (repurchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.36 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.61 682.25 Td (three ) Tj ET Q q 0 0 0 rg BT 116.63 682.25 Td (months ) Tj ET Q q 0 0 0 rg BT 148.11 682.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.01 682.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 232.13 682.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.13 682.25 Td (, ) Tj ET Q q 0 0 0 rg BT 256.66 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.91 682.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 311.83 682.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 362.16 682.25 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 386.69 682.25 Td (million ) Tj ET Q q 0 0 0 rg BT 417.62 682.25 Td (\(par ) Tj ET Q q 0 0 0 rg BT 435.75 682.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 462.76 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.13 682.25 Td (its ) Tj ET Q q 0 0 0 rg BT 484.60 682.25 Td ($500 ) Tj ET Q q 0 0 0 rg BT 506.64 682.25 Td (million ) Tj ET Q q 0 0 0 rg BT 537.56 682.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 93.63 670.25 Td (bond, ) Tj ET Q q 0 0 0 rg BT 119.22 670.25 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 169.52 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 177.05 670.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 197.36 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 210.45 670.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 230.76 670.25 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 295.51 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 306.93 670.25 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 327.52 670.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 362.01 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 364.88 670.25 Td (The ) Tj ET Q q 0 0 0 rg BT 383.52 670.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.50 670.25 Td (also ) Tj ET Q q 0 0 0 rg BT 444.70 670.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 488.33 670.25 Td ($46.9 ) Tj ET Q q 0 0 0 rg BT 513.92 670.25 Td (million ) Tj ET Q q 0 0 0 rg BT 545.90 670.25 Td (\(par ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 78.75 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.84 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.82 658.25 Td ($600 ) Tj ET Q q 0 0 0 rg BT 130.58 658.25 Td (million ) Tj ET Q q 0 0 0 rg BT 163.24 658.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 191.44 658.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 235.74 658.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 259.50 658.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 288.27 658.25 Td (by ) Tj ET Q q 0 0 0 rg BT 302.03 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.01 658.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 366.35 658.25 Td (70% ) Tj ET Q q 0 0 0 rg BT 388.45 658.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 418.87 658.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 459.33 658.25 Td (, ) Tj ET Q q 0 0 0 rg BT 465.59 658.25 Td (North ) Tj ET Q q 0 0 0 rg BT 491.86 658.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 527.83 658.25 Td (Drilling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 99.84 646.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.92 646.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 126.78 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 139.42 646.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 159.28 646.25 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 223.58 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.55 646.25 Td ($15.8 ) Tj ET Q q 0 0 0 rg BT 259.69 646.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 293.72 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 296.36 646.25 Td (In ) Tj ET Q q 0 0 0 rg BT 307.33 646.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 342.75 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.60 646.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 399.13 646.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 442.31 646.25 Td (NOK ) Tj ET Q q 0 0 0 rg BT 466.62 646.25 Td (54.5 ) Tj ET Q q 0 0 0 rg BT 486.76 646.25 Td (million ) Tj ET Q q 0 0 0 rg BT 518.29 646.25 Td (\(par ) Tj ET Q q 0 0 0 rg BT 537.03 646.25 Td (value\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.21 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.30 634.25 Td (NOK ) Tj ET Q q 0 0 0 rg BT 100.85 634.25 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 126.23 634.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 153.54 634.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 196.96 634.25 Td (bond ) Tj ET Q q 0 0 0 rg BT 219.84 634.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 247.71 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 260.59 634.25 Td (North ) Tj ET Q q 0 0 0 rg BT 286.17 634.25 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 321.26 634.25 Td (Drilling, ) Tj ET Q q 0 0 0 rg BT 358.30 634.25 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 408.38 634.25 Td (a ) Tj ET Q q 0 0 0 rg BT 415.70 634.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 435.79 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 448.67 634.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 468.77 634.25 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 533.31 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.51 634.25 Td ($3.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 83.67 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.96 622.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.57 622.25 Td (total, ) Tj ET Q q 0 0 0 rg BT 119.13 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.63 622.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 174.79 622.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 220.94 622.25 Td (a ) Tj ET Q q 0 0 0 rg BT 227.66 622.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 247.16 622.25 Td (on ) Tj ET Q q 0 0 0 rg BT 259.44 622.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 278.94 622.25 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 342.89 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.50 622.25 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 378.28 622.25 Td (million ) Tj ET Q q 0 0 0 rg BT 409.46 622.25 Td (during ) Tj ET Q q 0 0 0 rg BT 437.85 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.35 622.25 Td (period ) Tj ET Q q 0 0 0 rg BT 480.18 622.25 Td (on ) Tj ET Q q 0 0 0 rg BT 492.46 622.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 541.94 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.55 622.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 76.39 610.25 Td (within ) Tj ET Q q 0 0 0 rg BT 104.45 610.25 Td ("Net ) Tj ET Q q 0 0 0 rg BT 125.47 610.25 Td (gain/\(loss\) ) Tj ET Q q 0 0 0 rg BT 170.19 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 182.69 610.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 202.40 610.25 Td (extinguishment" ) Tj ET Q q 0 0 0 rg BT 270.64 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.92 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.64 610.25 Td (Company) Tj ET Q q 0 0 0 rg BT 337.30 610.25 Td (s ) Tj ET Q q 0 0 0 rg BT 343.70 610.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 396.74 610.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 437.56 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.39 610.25 Td (operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 580.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 84.99 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 580.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 134.43 580.25 Td (shar) Tj ET Q q 0 0 0 rg BT 153.14 580.25 Td (es) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 519.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 519.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 519.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 519.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 519.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 519.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 519.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 519.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 491.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 491.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 491.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 491.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 491.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 491.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 491.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 491.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 491.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 463.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 463.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 463.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 463.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 463.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 463.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 463.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 463.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 463.75 m 306.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 449.75 m 306.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 463.75 m 310.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 449.75 m 310.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 463.75 m 370.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 449.75 m 370.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 463.75 m 374.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 449.75 m 374.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 463.75 m 434.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 449.75 m 434.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 463.75 m 438.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 449.75 m 438.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 463.75 m 498.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 449.75 m 498.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 463.75 m 502.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 449.75 m 502.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 463.75 m 562.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 449.75 m 562.5 449.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.65 548.43 Td (December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.65 548.43 Td (December 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 524.46 Td (All shares are common shares of $2.00 par value each) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.25 524.43 Td (Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.45 524.43 Td ($ million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.25 524.43 Td (Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.45 524.43 Td ($ million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.32 Td (Authorized share capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 510.32 Td (800,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 510.32 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 510.32 Td (800,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 510.32 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 482.32 Td (Issued and fully paid share capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 482.32 Td (493,078,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 482.32 Td (986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 482.32 Td (469,250,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 482.32 Td (939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 468.32 Td (Treasury shares held by Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 468.37 Td (\(318,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 468.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.30 468.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 468.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 468.37 Td (\(272,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 468.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 468.37 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 468.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 454.43 Td (Outstanding common shares in issue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.60 454.43 Td (492,759,938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 454.43 Td (985) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.60 454.43 Td (468,978,492) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 454.43 Td (938) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.25 Td (As a result of the July bond conversion, the number of common shares outstanding in the Company increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.24 426.25 Td (23.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.13 426.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.25 Td (shares. Refer to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.98 414.25 Td (Note 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.91 414.25 Td ( for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 390.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 84.99 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.94 390.25 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 151.10 390.25 Td (other) Tj ET Q q 0 0 0 rg BT 173.69 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.19 390.25 Td (compr) Tj ET Q q 0 0 0 rg BT 203.77 390.25 Td (ehensive ) Tj ET Q q 0 0 0 rg BT 242.38 390.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 105.81 366.25 Td (other ) Tj ET Q q 0 0 0 rg BT 128.86 366.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 191.89 366.25 Td (income ) Tj ET Q q 0 0 0 rg BT 223.82 366.25 Td (as ) Tj ET Q q 0 0 0 rg BT 234.65 366.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.48 366.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 304.07 366.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.07 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.57 366.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.51 366.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 402.09 366.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.09 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.59 366.25 Td (was ) Tj ET Q q 0 0 0 rg BT 442.64 366.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.47 366.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 326.75 360.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 326.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 326.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 296.75 360.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 296.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 296.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 266.75 360.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 266.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 266.75 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 251.75 m 410.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 236.75 m 410.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 251.75 m 414.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 236.75 m 414.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 251.75 m 486.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 236.75 m 486.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 251.75 m 490.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 236.75 m 490.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 251.75 m 562.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 236.75 m 562.5 236.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 345.41 Td (\(In US$ millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.85 345.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 335.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.85 345.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 335.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 316.42 Td (Unrealized gain on marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 316.47 Td (\(443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 316.42 Td (539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 301.42 Td (Unrealized gain on foreign exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 301.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 301.42 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 286.42 Td (Actuarial loss relating to pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 286.47 Td (\(57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 286.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 286.47 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 286.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 271.42 Td (Share in unrealized gains from associated companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 271.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 271.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 256.42 Td (Unrealized loss on interest rate swaps in VIEs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 256.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 256.47 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 256.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 241.43 Td (Accumulated other comprehensive income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.30 241.48 Td (\(448) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 241.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 241.43 Td (528) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 213.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 72.54 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.70 213.25 Td (exception ) Tj ET Q q 0 0 0 rg BT 129.52 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.80 213.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 178.16 213.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 196.67 213.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 230.16 213.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.88 213.25 Td (pension, ) Tj ET Q q 0 0 0 rg BT 277.44 213.25 Td (income ) Tj ET Q q 0 0 0 rg BT 309.81 213.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 333.31 213.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 377.35 213.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.07 213.25 Td (each ) Tj ET Q q 0 0 0 rg BT 419.33 213.25 Td (component ) Tj ET Q q 0 0 0 rg BT 466.71 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.99 213.25 Td (other ) Tj ET Q q 0 0 0 rg BT 501.48 213.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.46 201.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.15 201.25 Td (nil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.71 201.25 Td (. ) Tj ET Q q 0 0 0 rg BT 107.58 201.25 Td (The ) Tj ET Q q 0 0 0 rg BT 125.15 201.25 Td (income ) Tj ET Q q 0 0 0 rg BT 156.61 201.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 170.85 201.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 200.64 201.25 Td (on ) Tj ET Q q 0 0 0 rg BT 212.66 201.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 249.10 201.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 266.68 201.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 299.25 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.05 201.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 342.18 201.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.88 201.25 Td ($22 ) Tj ET Q q 0 0 0 rg BT 367.90 201.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.79 201.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.81 201.25 Td (as ) Tj ET Q q 0 0 0 rg BT 409.17 201.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.52 201.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 477.63 201.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.63 201.25 Td ( ) Tj ET Q q 0 0 0 rg BT 499.65 201.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.11 201.25 Td ($15 ) Tj ET Q q 0 0 0 rg BT 533.13 201.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 201.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 189.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.66 189.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 130.24 189.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.24 189.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 153.25 Td (16 ) Tj ET Q q 0 0 0 rg BT 84.99 153.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 153.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 114.44 153.25 Td (management ) Tj ET Q q 0 0 0 rg BT 171.93 153.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.56 153.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.28 153.25 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.67 129.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 103.67 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.12 129.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 137.35 129.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 173.35 129.25 Td (from ) Tj ET Q q 0 0 0 rg BT 194.91 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.25 129.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 255.95 129.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 287.51 129.25 Td (units ) Tj ET Q q 0 0 0 rg BT 309.08 129.25 Td (are ) Tj ET Q q 0 0 0 rg BT 323.41 129.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 366.61 129.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.51 129.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 396.41 129.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 425.75 129.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.31 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.65 129.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 492.65 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.10 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 129.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.32 117.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 126.35 117.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.45 117.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.66 117.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 209.65 117.25 Td (are ) Tj ET Q q 0 0 0 rg BT 224.62 117.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 279.04 117.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.59 117.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 310.15 117.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 342.63 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.62 117.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 400.93 117.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 438.68 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.78 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.76 117.25 Td (Company) Tj ET Q q 0 0 0 rg BT 503.00 117.25 Td (. ) Tj ET Q q 0 0 0 rg BT 508.27 117.25 Td (However) Tj ET Q q 0 0 0 rg BT 544.52 117.25 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 117.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.55 105.25 Td (has ) Tj ET Q q 0 0 0 rg BT 107.55 105.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 151.87 105.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.97 105.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 194.97 105.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.41 105.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.51 105.25 Td (number ) Tj ET Q q 0 0 0 rg BT 245.72 105.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.72 105.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 296.04 105.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 341.47 105.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.58 105.25 Td (incurs ) Tj ET Q q 0 0 0 rg BT 385.68 105.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 439.44 105.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.88 105.25 Td (other ) Tj ET Q q 0 0 0 rg BT 473.09 105.25 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 519.34 105.25 Td (causing ) Tj ET Q q 0 0 0 rg BT 552.56 105.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.25 Td (results ) Tj ET Q q 0 0 0 rg BT 77.79 93.25 Td (from ) Tj ET Q q 0 0 0 rg BT 98.91 93.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 142.24 93.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.70 93.25 Td (be ) Tj ET Q q 0 0 0 rg BT 162.82 93.25 Td (af) Tj ET Q q 0 0 0 rg BT 170.41 93.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 196.51 93.25 Td (by ) Tj ET Q q 0 0 0 rg BT 208.19 93.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 257.08 93.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.54 93.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 303.19 93.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 342.63 93.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 365.68 93.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 404.58 93.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 436.24 93.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.69 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.59 93.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 479.05 93.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 501.83 93.25 Td (. ) Tj ET Q q 0 0 0 rg BT 505.88 93.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.11 93.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.11 81.25 Td (also ) Tj ET Q q 0 0 0 rg BT 77.65 81.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 112.85 81.25 Td (to ) Tj ET Q q 0 0 0 rg BT 123.07 81.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 157.71 81.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.92 81.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 199.79 81.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 221.11 81.25 Td (on ) Tj ET Q q 0 0 0 rg BT 233.54 81.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 267.08 81.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.95 81.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 316.37 81.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 338.52 81.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.40 81.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.61 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.26 81.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 409.91 81.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.68 81.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 455.32 81.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.53 81.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 502.94 81.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 543.13 81.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.73 69.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 102.66 69.25 Td (NOK ) Tj ET Q q 0 0 0 rg BT 127.06 69.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 181.43 69.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 203.68 69.25 Td (There ) Tj ET Q q 0 0 0 rg BT 229.72 69.25 Td (is ) Tj ET Q q 0 0 0 rg BT 239.11 69.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 258.51 69.25 Td (a ) Tj ET Q q 0 0 0 rg BT 265.68 69.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 283.40 69.25 Td (that ) Tj ET Q q 0 0 0 rg BT 301.12 69.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 338.82 69.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.99 69.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 388.15 69.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 405.86 69.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 455.80 69.25 Td (will ) Tj ET Q q 0 0 0 rg BT 474.08 69.25 Td (have ) Tj ET Q q 0 0 0 rg BT 495.68 69.25 Td (a ) Tj ET Q q 0 0 0 rg BT 502.85 69.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 539.45 69.25 Td (ef) Tj ET Q q 0 0 0 rg BT 547.03 69.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 57.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 57.25 Td (value ) Tj ET Q q 0 0 0 rg BT 101.37 57.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.20 57.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.92 57.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 174.00 57.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.27 57.25 Td (flows.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-27) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 740.68505859375 m 179.5068359375 740.68505859375 l s q 0 0 0 rg BT 50.00 742.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 742.25 Td (est ) Tj ET Q q 0 0 0 rg BT 85.64 742.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 105.35 742.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 124.52 742.25 Td (management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.06 718.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 115.16 718.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 153.78 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.07 718.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 196.02 718.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 213.53 718.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 231.04 718.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 259.65 718.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 289.94 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.24 718.25 Td (its ) Tj ET Q q 0 0 0 rg BT 312.20 718.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 345.83 718.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 377.78 718.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 395.28 718.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 415.01 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.97 718.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 468.91 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.76 718.25 Td (surplus ) Tj ET Q q 0 0 0 rg BT 511.16 718.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 535.90 718.25 Td (placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.76 706.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 108.72 706.25 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 158.44 706.25 Td (This ) Tj ET Q q 0 0 0 rg BT 179.20 706.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 218.29 706.25 Td (is ) Tj ET Q q 0 0 0 rg BT 227.94 706.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 267.01 706.25 Td (through ) Tj ET Q q 0 0 0 rg BT 301.10 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.30 706.25 Td (use ) Tj ET Q q 0 0 0 rg BT 332.62 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.93 706.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 376.34 706.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.31 706.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 421.74 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.16 706.25 Td (other ) Tj ET Q q 0 0 0 rg BT 462.69 706.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 505.65 706.25 Td (arrangements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.63 694.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 114.29 694.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 153.02 694.25 Td (is ) Tj ET Q q 0 0 0 rg BT 161.77 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.63 694.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 198.70 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.00 694.25 Td (most ) Tj ET Q q 0 0 0 rg BT 234.53 694.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 274.36 694.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 305.87 694.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 322.94 694.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 370.57 694.25 Td (available ) Tj ET Q q 0 0 0 rg BT 408.74 694.25 Td (without ) Tj ET Q q 0 0 0 rg BT 441.38 694.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 484.55 694.25 Td (its ) Tj ET Q q 0 0 0 rg BT 496.08 694.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.04 694.25 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (exposure. ) Tj ET Q q 0 0 0 rg BT 91.47 682.25 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 124.90 682.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 149.98 682.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.06 682.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 205.13 682.25 Td (used ) Tj ET Q q 0 0 0 rg BT 226.33 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.97 682.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 262.05 682.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 303.24 682.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 328.87 682.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 368.67 682.25 Td (which ) Tj ET Q q 0 0 0 rg BT 395.97 682.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 418.84 682.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 447.25 682.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 477.89 682.25 Td (than ) Tj ET Q q 0 0 0 rg BT 497.97 682.25 Td (are ) Tj ET Q q 0 0 0 rg BT 513.05 682.25 Td (available ) Tj ET Q q 0 0 0 rg BT 552.00 682.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 72.50 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 82.77 670.25 Td (overnight ) Tj ET Q q 0 0 0 rg BT 123.05 670.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 157.77 670.25 Td (with ) Tj ET Q q 0 0 0 rg BT 177.50 670.25 Td (banks. ) Tj ET Q q 0 0 0 rg BT 204.85 670.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 243.47 670.25 Td (available ) Tj ET Q q 0 0 0 rg BT 281.50 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.45 670.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 333.73 670.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 358.44 670.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 394.81 670.25 Td (can ) Tj ET Q q 0 0 0 rg BT 410.64 670.25 Td (be ) Tj ET Q q 0 0 0 rg BT 422.03 670.25 Td (drawn ) Tj ET Q q 0 0 0 rg BT 448.96 670.25 Td (down ) Tj ET Q q 0 0 0 rg BT 473.13 670.25 Td (with ) Tj ET Q q 0 0 0 rg BT 492.86 670.25 Td (short ) Tj ET Q q 0 0 0 rg BT 514.81 670.25 Td (term ) Tj ET Q q 0 0 0 rg BT 535.08 670.25 Td (notice, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.11 658.25 Td (order ) Tj ET Q q 0 0 0 rg BT 83.54 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.64 658.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 126.52 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.06 658.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.28 658.25 Td (with ) Tj ET Q q 0 0 0 rg BT 202.39 658.25 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 244.16 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.26 658.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 276.03 658.25 Td (all ) Tj ET Q q 0 0 0 rg BT 288.35 658.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 342.88 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.87 658.25 Td (working ) Tj ET Q q 0 0 0 rg BT 392.53 658.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 421.51 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.28 658.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 467.26 658.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 519.69 658.25 Td (The ) Tj ET Q q 0 0 0 rg BT 537.57 658.25 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 646.25 Td (which ) Tj ET Q q 0 0 0 rg BT 87.77 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.76 646.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.42 646.25 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 176.08 646.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.29 646.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 226.05 646.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 253.26 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.48 646.25 Td (other ) Tj ET Q q 0 0 0 rg BT 293.80 646.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 340.45 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.00 646.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 384.87 646.25 Td (its ) Tj ET Q q 0 0 0 rg BT 397.09 646.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 429.30 646.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 447.06 646.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 464.83 646.25 Td (is ) Tj ET Q q 0 0 0 rg BT 474.28 646.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 522.03 646.25 Td (by ) Tj ET Q q 0 0 0 rg BT 534.81 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.80 646.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.72 634.25 Td (exposure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 610.25 Td (est ) Tj ET Q q 0 0 0 rg BT 85.64 610.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 105.35 610.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 129.52 610.25 Td (agr) Tj ET Q q 0 0 0 rg BT 143.78 610.25 Td (eements ) Tj ET Q q 0 0 0 rg BT 180.71 610.25 Td (not ) Tj ET Q q 0 0 0 rg BT 197.10 610.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 237.39 610.25 Td (as ) Tj ET Q q 0 0 0 rg BT 248.78 610.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 276.28 610.25 Td (accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.45 586.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 124.99 586.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.99 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 149.45 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.12 586.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.46 586.25 Td (had ) Tj ET Q q 0 0 0 rg BT 228.35 586.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 262.24 586.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 281.68 586.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 306.69 586.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 356.67 586.25 Td (with ) Tj ET Q q 0 0 0 rg BT 378.91 586.25 Td (an ) Tj ET Q q 0 0 0 rg BT 392.80 586.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 443.92 586.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 483.92 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.70 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.16 586.25 Td ($8,018 ) Tj ET Q q 0 0 0 rg BT 533.11 586.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 574.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.61 574.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.61 574.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.59 574.25 Td ($9,776 ) Tj ET Q q 0 0 0 rg BT 166.28 574.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.18 574.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 203.20 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.24 574.25 Td (These ) Tj ET Q q 0 0 0 rg BT 231.32 574.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 279.05 574.25 Td (do ) Tj ET Q q 0 0 0 rg BT 291.24 574.25 Td (not ) Tj ET Q q 0 0 0 rg BT 306.22 574.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 336.74 574.25 Td (for ) Tj ET Q q 0 0 0 rg BT 350.60 574.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 376.67 574.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 422.74 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.38 574.25 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 488.78 574.25 Td (any ) Tj ET Q q 0 0 0 rg BT 505.41 574.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 539.82 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 574.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.35 562.25 Td (values ) Tj ET Q q 0 0 0 rg BT 92.36 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.16 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.85 562.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 137.87 562.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 184.87 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.54 562.25 Td (included ) Tj ET Q q 0 0 0 rg BT 234.45 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 243.69 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.38 562.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 309.39 562.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 349.18 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.98 562.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 402.10 562.25 Td (under ) Tj ET Q q 0 0 0 rg BT 426.34 562.25 Td ("\(loss\)/gain ) Tj ET Q q 0 0 0 rg BT 474.11 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 485.57 562.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 527.02 562.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (instruments". ) Tj ET Q q 0 0 0 rg BT 105.03 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 122.50 550.25 Td (total ) Tj ET Q q 0 0 0 rg BT 142.20 550.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 158.00 550.25 Td (value ) Tj ET Q q 0 0 0 rg BT 181.58 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.83 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.97 550.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 237.33 550.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 254.24 550.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 280.61 550.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 329.20 550.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.34 550.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 396.35 550.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.35 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.27 550.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 459.63 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.33 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.69 550.25 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.73 550.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.84 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 531.76 550.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 550.25 Td ($191 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.31 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.17 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.03 538.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.67 538.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.78 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.20 538.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.96 538.25 Td ($134 ) Tj ET Q q 0 0 0 rg BT 186.38 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.27 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.69 538.25 Td (due ) Tj ET Q q 0 0 0 rg BT 234.55 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 244.75 538.25 Td (master ) Tj ET Q q 0 0 0 rg BT 273.83 538.25 Td (netting ) Tj ET Q q 0 0 0 rg BT 304.02 538.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 351.98 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 372.18 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.93 538.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 446.99 538.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.32 538.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 508.83 538.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.83 538.25 Td (: ) Tj ET Q q 0 0 0 rg BT 534.03 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 540.89 538.25 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.11 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.73 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.69 526.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.32 526.25 Td ($244 ) Tj ET Q q 0 0 0 rg BT 119.94 526.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.83 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 151.46 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.52 526.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.37 526.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.48 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.10 526.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.06 526.25 Td ($89 ) Tj ET Q q 0 0 0 rg BT 245.68 526.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.58 526.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 282.84 526.25 Td (The ) Tj ET Q q 0 0 0 rg BT 301.01 526.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 317.52 526.25 Td (value ) Tj ET Q q 0 0 0 rg BT 341.80 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.75 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.60 526.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 399.66 526.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 417.27 526.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 444.34 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 459.17 526.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 499.56 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 510.52 526.25 Td (other ) Tj ET Q q 0 0 0 rg BT 533.69 526.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.72 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.00 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.71 514.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 147.74 514.25 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 478.25 Td (oss ) Tj ET Q q 0 0 0 rg BT 76.76 478.25 Td (curr) Tj ET Q q 0 0 0 rg BT 95.46 478.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 117.40 478.25 Td (inter) Tj ET Q q 0 0 0 rg BT 137.76 478.25 Td (est ) Tj ET Q q 0 0 0 rg BT 151.92 478.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 171.63 478.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 199.70 478.25 Td (not ) Tj ET Q q 0 0 0 rg BT 216.09 478.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 256.38 478.25 Td (as ) Tj ET Q q 0 0 0 rg BT 267.77 478.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 295.27 478.25 Td (accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.46 454.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 121.01 454.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.01 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.47 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.15 454.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 199.50 454.25 Td (had ) Tj ET Q q 0 0 0 rg BT 216.41 454.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 265.53 454.25 Td (cross ) Tj ET Q q 0 0 0 rg BT 288.55 454.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 325.99 454.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.89 454.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 375.33 454.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 402.24 454.25 Td (with ) Tj ET Q q 0 0 0 rg BT 422.48 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 429.38 454.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 467.39 454.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 499.85 454.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.64 454.25 Td ($807 ) Tj ET Q q 0 0 0 rg BT 533.11 454.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 454.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 442.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.80 442.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.80 442.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.97 442.25 Td ($786 ) Tj ET Q q 0 0 0 rg BT 159.36 442.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.25 442.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 193.96 442.25 Td (with ) Tj ET Q q 0 0 0 rg BT 214.13 442.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 250.40 442.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 273.33 442.25 Td (between ) Tj ET Q q 0 0 0 rg BT 309.04 442.25 Td (March ) Tj ET Q q 0 0 0 rg BT 337.52 442.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 359.91 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.74 442.25 Td (March ) Tj ET Q q 0 0 0 rg BT 405.22 442.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 427.61 442.25 Td (at ) Tj ET Q q 0 0 0 rg BT 437.22 442.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 460.15 442.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 481.42 442.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 514.35 442.25 Td (from ) Tj ET Q q 0 0 0 rg BT 536.18 442.25 Td (4.33% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 61.15 430.25 Td (6.18%. ) Tj ET Q q 0 0 0 rg BT 92.61 430.25 Td (These ) Tj ET Q q 0 0 0 rg BT 119.85 430.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 168.76 430.25 Td (do ) Tj ET Q q 0 0 0 rg BT 182.13 430.25 Td (not ) Tj ET Q q 0 0 0 rg BT 198.28 430.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 229.97 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 245.00 430.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 272.25 430.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 319.49 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.30 430.25 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 387.87 430.25 Td (any ) Tj ET Q q 0 0 0 rg BT 405.68 430.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 441.26 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.41 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.00 430.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 485.25 430.25 Td (values ) Tj ET Q q 0 0 0 rg BT 514.16 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.86 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.45 430.25 Td (swap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 97.93 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 112.53 418.25 Td (included ) Tj ET Q q 0 0 0 rg BT 149.36 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 159.54 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.15 418.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 227.09 418.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 267.81 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.53 418.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 322.58 418.25 Td (under ) Tj ET Q q 0 0 0 rg BT 347.75 418.25 Td (" ) Tj ET Q q 0 0 0 rg BT 354.23 418.25 Td (\(loss\)/gain ) Tj ET Q q 0 0 0 rg BT 398.84 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.24 418.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 453.61 418.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 490.99 418.25 Td (instruments". ) Tj ET Q q 0 0 0 rg BT 546.46 418.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (total ) Tj ET Q q 0 0 0 rg BT 70.38 406.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 86.87 406.25 Td (value ) Tj ET Q q 0 0 0 rg BT 111.13 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.07 406.25 Td (cross ) Tj ET Q q 0 0 0 rg BT 145.22 406.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 182.81 406.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 214.85 406.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 241.90 406.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 291.17 406.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 406.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 359.69 406.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.69 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 382.29 406.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 424.34 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.72 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 441.77 406.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 465.49 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.53 406.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.36 406.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.47 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 531.07 406.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 406.25 Td ($201 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.47 394.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.80 394.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.46 394.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.46 394.25 Td (: ) Tj ET Q q 0 0 0 rg BT 165.81 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 167.39 394.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 190.08 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.09 394.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.89 394.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.99 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.57 394.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.48 394.25 Td ($46 ) Tj ET Q q 0 0 0 rg BT 279.05 394.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.94 394.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 315.24 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 332.36 394.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 347.81 394.25 Td (value ) Tj ET Q q 0 0 0 rg BT 371.04 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.95 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.74 394.25 Td (cross ) Tj ET Q q 0 0 0 rg BT 416.87 394.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 453.42 394.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 484.43 394.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 510.45 394.25 Td (are ) Tj ET Q q 0 0 0 rg BT 524.24 394.25 Td (classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 382.25 Td (other ) Tj ET Q q 0 0 0 rg BT 83.88 382.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.69 382.25 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.91 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.41 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.69 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.40 382.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 212.44 382.25 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 346.25 Td (est ) Tj ET Q q 0 0 0 rg BT 85.64 346.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 105.35 346.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 132.85 346.25 Td (accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.15 322.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 79.97 322.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 114.10 322.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 157.69 322.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 210.71 322.25 Td (by ) Tj ET Q q 0 0 0 rg BT 223.19 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.89 322.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 279.25 322.25 Td (as ) Tj ET Q q 0 0 0 rg BT 290.06 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 296.80 322.25 Td (VIE ) Tj ET Q q 0 0 0 rg BT 315.94 322.25 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 340.62 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.88 322.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 372.80 322.25 Td (17\) ) Tj ET Q q 0 0 0 rg BT 388.60 322.25 Td (has ) Tj ET Q q 0 0 0 rg BT 404.41 322.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 436.32 322.25 Td (into ) Tj ET Q q 0 0 0 rg BT 454.35 322.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 486.27 322.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 503.73 322.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 530.65 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 540.91 322.25 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.39 310.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 95.78 310.25 Td (its ) Tj ET Q q 0 0 0 rg BT 107.84 310.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 146.55 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.95 310.25 Td (variability ) Tj ET Q q 0 0 0 rg BT 200.66 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 211.05 310.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.44 310.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 256.27 310.25 Td (for ) Tj ET Q q 0 0 0 rg BT 270.55 310.25 Td (future ) Tj ET Q q 0 0 0 rg BT 297.04 310.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 329.09 310.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 370.03 310.25 Td (on ) Tj ET Q q 0 0 0 rg BT 382.64 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.47 310.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 421.20 310.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 445.47 310.25 Td (out ) Tj ET Q q 0 0 0 rg BT 460.86 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.25 310.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 503.29 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.12 310.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.13 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 72.55 298.25 Td (est ) Tj ET Q q 0 0 0 rg BT 86.57 298.25 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.80 298.25 Td (.) Tj ET Q q 0 0 0 rg BT 116.12 298.25 Td (These ) Tj ET Q q 0 0 0 rg BT 142.92 298.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 175.27 298.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 193.17 298.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 220.53 298.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 251.77 298.25 Td (for ) Tj ET Q q 0 0 0 rg BT 266.35 298.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 293.15 298.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 339.94 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.29 298.25 Td (any ) Tj ET Q q 0 0 0 rg BT 374.65 298.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 409.77 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.47 298.25 Td (its ) Tj ET Q q 0 0 0 rg BT 432.83 298.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 449.63 298.25 Td (value ) Tj ET Q q 0 0 0 rg BT 474.20 298.25 Td (are ) Tj ET Q q 0 0 0 rg BT 489.33 298.25 Td (included ) Tj ET Q q 0 0 0 rg BT 526.68 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 537.37 298.25 Td ("other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 112.99 286.25 Td (income". ) Tj ET Q q 0 0 0 rg BT 151.46 286.25 Td (Below ) Tj ET Q q 0 0 0 rg BT 180.02 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 189.14 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.03 286.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 235.70 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.49 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.16 286.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 296.38 286.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 331.33 286.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 354.33 286.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.22 286.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 403.66 286.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 437.21 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.10 286.25 Td (duration ) Tj ET Q q 0 0 0 rg BT 489.88 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.66 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.33 286.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 88.04 274.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.87 274.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.70 274.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 168.29 274.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.29 274.25 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 206.75 112.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 162.50 206.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 206.75 133.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 206.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 206.75 82.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 206.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 206.75 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 206.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 206.75 111.00 -24.00 re f /GS0 gs BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 243.15 Td (Variable interest entity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 179.85 242.20 Td (Outstanding principal as at) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.35 243.15 Td (Receive rate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.10 243.15 Td (Pay rates) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 243.15 Td (Length of contracts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 196.20 227.20 Td (December 31, 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.25 212.10 Td (\(In US$ millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 196.21 Td (SFL Linus Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 187.21 Td (\(West Linus\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.75 192.61 Td (224) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.50 192.61 Td (1 - 3 month LIBOR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.75 192.61 Td (1.77 - 2.01%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 192.61 Td (Dec 2013 - Dec 2018) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.41 159.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.71 159.25 Td (year ) Tj ET Q q 0 0 0 rg BT 97.00 159.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.96 159.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 183.12 159.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.12 159.25 Td (, ) Tj ET Q q 0 0 0 rg BT 208.70 159.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.78 159.25 Td (VIE ) Tj ET Q q 0 0 0 rg BT 243.52 159.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 264.94 159.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 299.67 159.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 343.86 159.25 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.92 159.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.92 159.25 Td ( ) Tj ET Q q 0 0 0 rg BT 395.00 159.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 411.96 159.25 Td (value ) Tj ET Q q 0 0 0 rg BT 436.70 159.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 455.34 159.25 Td (\(year ) Tj ET Q q 0 0 0 rg BT 478.96 159.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 159.25 Td (December31, ) Tj ET 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rg BT 401.04 147.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.32 147.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.82 147.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 433.98 147.25 Td (value ) Tj ET Q q 0 0 0 rg BT 457.92 147.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 481.31 147.25 Td (related ) Tj ET Q q 0 0 0 rg BT 510.79 147.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.85 147.25 Td (an ) Tj ET Q q 0 0 0 rg BT 532.57 147.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.34 135.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 90.24 135.25 Td (with ) Tj ET Q q 0 0 0 rg BT 110.38 135.25 Td (SFL) Tj ET Q q 0 0 0 rg BT 127.24 135.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.59 135.25 Td (Deepwater ) Tj ET Q q 0 0 0 rg BT 175.25 135.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 209.26 135.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 212.59 135.25 Td (W) Tj ET Q q 0 0 0 rg BT 220.00 135.25 Td (est ) Tj ET Q q 0 0 0 rg BT 233.47 135.25 Td (T) Tj ET Q q 0 0 0 rg BT 238.11 135.25 Td (aurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.89 135.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 266.58 135.25 Td (which ) Tj ET Q q 0 0 0 rg BT 293.37 135.25 Td (had ) Tj ET Q q 0 0 0 rg BT 310.16 135.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.95 135.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 351.51 135.25 Td (that ) Tj ET Q q 0 0 0 rg BT 368.86 135.25 Td (matured ) Tj ET Q q 0 0 0 rg BT 403.97 135.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.59 135.25 Td (August ) Tj ET Q q 0 0 0 rg BT 444.83 135.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 467.19 135.25 Td (with ) Tj ET Q q 0 0 0 rg BT 487.32 135.25 Td (a ) Tj ET Q q 0 0 0 rg BT 494.11 135.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.00 135.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.44 123.25 Td ($450 ) Tj ET Q q 0 0 0 rg BT 84.55 123.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 119.05 123.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.93 123.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.92 123.25 Td (gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.03 123.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.14 123.25 Td (wererecorded ) Tj ET Q q 0 0 0 rg BT 233.15 123.25 Td (by ) Tj ET Q q 0 0 0 rg BT 246.26 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.36 123.25 Td (VIE ) Tj ET Q q 0 0 0 rg BT 281.13 123.25 Td (in ) Tj ET Q q 0 0 0 rg BT 292.02 123.25 Td ("other ) Tj ET Q q 0 0 0 rg BT 319.76 123.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 383.40 123.25 Td (income" ) Tj ET Q q 0 0 0 rg BT 420.02 123.25 Td (but ) Tj ET Q q 0 0 0 rg BT 435.91 123.25 Td (due ) Tj ET Q q 0 0 0 rg BT 453.46 123.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.35 123.25 Td (their ) Tj ET Q q 0 0 0 rg BT 485.78 123.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 530.55 123.25 Td (by ) Tj ET Q q 0 0 0 rg BT 543.66 123.25 Td (Ship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 84.16 111.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 111.25 Td (gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.98 111.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.48 111.25 Td (are ) Tj ET Q q 0 0 0 rg BT 137.19 111.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 175.78 111.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.05 111.25 Td ("non-controlling ) Tj ET Q q 0 0 0 rg BT 254.85 111.25 Td (interests" ) Tj ET Q q 0 0 0 rg BT 294.76 111.25 Td (in ) Tj ET Q q 0 0 0 rg BT 305.03 111.25 Td (our ) Tj ET Q q 0 0 0 rg BT 320.86 111.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 373.91 111.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 414.73 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.56 111.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 460.26 111.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.54 111.25 Td (equity) Tj ET Q q 0 0 0 rg BT 494.89 111.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.63 87.25 Td (change ) Tj ET Q q 0 0 0 rg BT 100.35 87.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.53 87.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 126.81 87.25 Td (value ) Tj ET Q q 0 0 0 rg BT 150.87 87.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 188.27 87.25 Td (from ) Tj ET Q q 0 0 0 rg BT 210.11 87.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 236.40 87.25 Td (inef) Tj ET Q q 0 0 0 rg BT 251.76 87.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 298.59 87.25 Td (is ) Tj ET Q q 0 0 0 rg BT 307.67 87.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 353.93 87.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 406.32 87.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.51 87.25 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 455.11 87.25 Td (The ) Tj ET Q q 0 0 0 rg BT 472.89 87.25 Td (VIE, ) Tj ET Q q 0 0 0 rg BT 494.46 87.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.30 87.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 549.79 87.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 75.25 Td (, ) Tj ET Q q 0 0 0 rg BT 93.51 75.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.15 75.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.15 75.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.92 75.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 172.92 75.25 Td (or ) Tj ET Q q 0 0 0 rg BT 184.02 75.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 202.36 75.25 Td (due ) Tj ET Q q 0 0 0 rg BT 219.57 75.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.12 75.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 256.78 75.25 Td (inef) Tj ET Q q 0 0 0 rg BT 272.14 75.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 319.34 75.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.89 75.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.89 75.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 398.20 75.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 435.96 75.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 480.94 75.25 Td (during ) Tj ET Q q 0 0 0 rg BT 509.83 75.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.82 75.25 Td (three ) Tj ET Q q 0 0 0 rg BT 547.58 75.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.25 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.66 63.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.16 63.25 Td (month ) Tj ET Q q 0 0 0 rg BT 107.21 63.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 139.15 63.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.53 63.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 224.11 63.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.11 63.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.61 63.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.11 63.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.44 63.25 Td (three ) Tj ET Q q 0 0 0 rg BT 274.93 63.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.87 63.25 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.52 63.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.02 63.25 Td (month ) Tj ET Q q 0 0 0 rg BT 349.08 63.25 Td (period ) Tj ET Q q 0 0 0 rg BT 377.12 63.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 63.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 462.08 63.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.08 63.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.36 63.25 Td (nil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.92 63.25 Td (\).) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 658.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.64 658.25 Td (curr) Tj ET Q q 0 0 0 rg BT 104.34 658.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 126.28 658.25 Td (forwards ) Tj ET Q q 0 0 0 rg BT 167.66 658.25 Td (not ) Tj ET Q q 0 0 0 rg BT 184.05 658.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 224.34 658.25 Td (as ) Tj ET Q q 0 0 0 rg BT 235.73 658.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 263.23 658.25 Td (accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.27 634.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.89 634.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 126.84 634.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 157.44 634.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 194.15 634.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 227.52 634.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 265.34 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.51 634.25 Td (other ) Tj ET Q q 0 0 0 rg BT 303.79 634.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 349.38 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.89 634.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 391.71 634.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 429.54 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.04 634.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 469.65 634.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 506.35 634.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 523.08 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 534.81 634.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 78.19 622.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 117.76 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.56 622.25 Td (future ) Tj ET Q q 0 0 0 rg BT 160.80 622.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 207.02 622.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 259.64 622.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 282.00 622.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 324.34 622.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 362.79 622.25 Td (do ) Tj ET Q q 0 0 0 rg BT 375.15 622.25 Td (not ) Tj ET Q q 0 0 0 rg BT 390.29 622.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 420.97 622.25 Td (for ) Tj ET Q q 0 0 0 rg BT 434.99 622.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 461.23 622.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 507.46 622.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 547.57 622.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.68 610.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 102.13 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.39 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.08 610.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 160.09 610.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 183.11 610.25 Td (under ) Tj ET Q q 0 0 0 rg BT 208.35 610.25 Td (current ) Tj ET Q q 0 0 0 rg BT 239.15 610.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 286.59 610.25 Td (if ) Tj ET Q q 0 0 0 rg BT 295.18 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.87 610.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 348.44 610.25 Td (have ) Tj ET Q q 0 0 0 rg BT 369.79 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 376.70 610.25 Td (net ) Tj ET Q q 0 0 0 rg BT 391.40 610.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 425.54 610.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 441.89 610.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 468.52 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.43 610.25 Td (under ) Tj ET Q q 0 0 0 rg BT 510.68 610.25 Td (other ) Tj ET Q q 0 0 0 rg BT 533.70 610.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 90.91 598.25 Td (if ) Tj ET Q q 0 0 0 rg BT 100.72 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.63 598.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 156.42 598.25 Td (have ) Tj ET Q q 0 0 0 rg BT 178.99 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 187.12 598.25 Td (net ) Tj ET Q q 0 0 0 rg BT 203.04 598.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 240.60 598.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 258.17 598.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 285.21 598.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.90 598.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 358.68 598.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.68 598.25 Td (, ) Tj ET Q q 0 0 0 rg BT 384.88 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.79 598.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.37 598.25 Td (had ) Tj ET Q q 0 0 0 rg BT 461.51 598.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 496.85 598.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 536.64 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.12 598.25 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.13 586.25 Td ($260 ) Tj ET Q q 0 0 0 rg BT 132.50 586.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.39 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.76 586.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.45 586.25 Td (January ) Tj ET Q q 0 0 0 rg BT 232.92 586.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.92 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 255.29 586.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.10 586.25 Td (May ) Tj ET Q q 0 0 0 rg BT 292.80 586.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.80 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.17 586.25 Td (at ) Tj ET Q q 0 0 0 rg BT 324.76 586.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 364.88 586.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 386.13 586.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 419.05 586.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.85 586.25 Td (NOK6.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.02 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.39 586.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.54 586.25 Td (NOK6.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.70 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 534.07 586.25 Td (per ) Tj ET Q q 0 0 0 rg BT 549.21 586.25 Td (US ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 72.77 574.25 Td (.) Tj ET Q q 0 0 0 rg BT 80.09 574.25 Td (The ) Tj ET Q q 0 0 0 rg BT 98.47 574.25 Td (total ) Tj ET Q q 0 0 0 rg BT 119.07 574.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 135.78 574.25 Td (value ) Tj ET Q q 0 0 0 rg BT 160.26 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.42 574.25 Td (NOK ) Tj ET Q q 0 0 0 rg BT 195.91 574.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 233.72 574.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 268.20 574.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 307.12 574.25 Td (as ) Tj ET Q q 0 0 0 rg BT 318.28 574.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.32 574.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 387.23 574.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.23 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 410.06 574.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 452.33 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.93 574.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.20 574.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.31 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 504.14 574.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.29 574.25 Td ($24 ) Tj ET Q q 0 0 0 rg BT 533.12 574.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 574.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.33 562.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 111.91 562.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.91 562.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.19 562.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.30 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.80 562.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.63 562.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 194.13 562.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.02 562.25 Td (\); ) Tj ET Q q 0 0 0 rg BT 231.63 562.25 Td (these ) Tj ET Q q 0 0 0 rg BT 254.68 562.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 293.27 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 307.98 562.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 348.24 562.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.07 562.25 Td (other ) Tj ET Q q 0 0 0 rg BT 382.12 562.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.93 562.25 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 452.65 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 462.93 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.65 562.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 510.68 562.25 Td (sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (During ) Tj ET Q q 0 0 0 rg BT 81.21 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.30 538.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 124.21 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 129.59 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.68 538.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.44 538.25 Td (also ) Tj ET Q q 0 0 0 rg BT 205.42 538.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 237.72 538.25 Td (into ) Tj ET Q q 0 0 0 rg BT 256.15 538.25 Td (British ) Tj ET Q q 0 0 0 rg BT 286.26 538.25 Td (Pounds ) Tj ET Q q 0 0 0 rg BT 318.58 538.25 Td (Sterling ) Tj ET Q q 0 0 0 rg BT 353.12 538.25 Td (\(GBP\) ) Tj ET Q q 0 0 0 rg BT 382.11 538.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 405.54 538.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 444.51 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.16 538.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 471.92 538.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.56 538.25 Td (GBP30 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.35 526.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.69 526.25 Td ($49 ) Tj ET Q q 0 0 0 rg BT 102.15 526.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.04 526.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 136.83 526.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.61 526.25 Td (January ) Tj ET Q q 0 0 0 rg BT 206.17 526.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.17 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.64 526.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 526.25 Td (April ) Tj ET Q q 0 0 0 rg BT 268.57 526.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.57 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.03 526.25 Td (at ) Tj ET Q q 0 0 0 rg BT 300.71 526.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 340.93 526.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 362.27 526.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 395.28 526.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.18 526.25 Td (GBP1.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.13 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 456.60 526.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.84 526.25 Td (GBP1.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.79 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 506.26 526.25 Td (per ) Tj ET Q q 0 0 0 rg BT 521.49 526.25 Td (US ) Tj ET Q q 0 0 0 rg BT 536.73 526.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 559.51 526.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.49 514.25 Td (total ) Tj ET Q q 0 0 0 rg BT 87.21 514.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 103.03 514.25 Td (value ) Tj ET Q q 0 0 0 rg BT 126.64 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.91 514.25 Td (GBP) Tj ET Q q 0 0 0 rg BT 155.99 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.94 514.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 194.86 514.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 221.25 514.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 269.86 514.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.02 514.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 337.05 514.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.05 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.00 514.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 400.38 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.10 514.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.49 514.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.60 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.54 514.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.82 514.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 471.76 514.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.60 514.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.93 514.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 502.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.28 502.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 87.78 502.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.67 502.25 Td (\); ) Tj ET Q q 0 0 0 rg BT 125.28 502.25 Td (these ) Tj ET Q q 0 0 0 rg BT 148.33 502.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 186.92 502.25 Td (are ) Tj ET Q q 0 0 0 rg BT 201.63 502.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 241.89 502.25 Td (as ) Tj ET Q q 0 0 0 rg BT 252.72 502.25 Td (other ) Tj ET Q q 0 0 0 rg BT 275.77 502.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.58 502.25 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.30 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.58 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.29 502.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 404.33 502.25 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 466.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 74.36 466.25 Td (Return ) Tj ET Q q 0 0 0 rg BT 107.41 466.25 Td (Swap ) Tj ET Q q 0 0 0 rg BT 132.71 466.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 149.18 466.25 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.78 442.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.67 442.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 132.42 442.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.42 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.08 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.97 442.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 211.52 442.25 Td (had ) Tj ET Q q 0 0 0 rg BT 228.44 442.25 Td (TRS ) Tj ET Q q 0 0 0 rg BT 249.44 442.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 297.64 442.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.97 442.25 Td (4,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.97 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.64 442.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 388.41 442.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 422.74 442.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 450.39 442.25 Td (at ) Tj ET Q q 0 0 0 rg BT 460.28 442.25 Td (an ) Tj ET Q q 0 0 0 rg BT 472.38 442.25 Td (average ) Tj ET Q q 0 0 0 rg BT 506.14 442.25 Td (strike ) Tj ET Q q 0 0 0 rg BT 531.02 442.25 Td (price ) Tj ET Q q 0 0 0 rg BT 553.67 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 564.50 442.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (NOK ) Tj ET Q q 0 0 0 rg BT 73.42 430.25 Td (96.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.92 430.25 Td (. ) Tj ET Q q 0 0 0 rg BT 100.06 430.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.36 430.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 133.00 430.25 Td (value ) Tj ET Q q 0 0 0 rg BT 156.41 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.50 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.35 430.25 Td (TRS ) Tj ET Q q 0 0 0 rg BT 200.45 430.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 247.74 430.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.72 430.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 314.56 430.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.56 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 336.32 430.25 Td (was ) Tj ET Q q 0 0 0 rg BT 353.63 430.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.83 430.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.94 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 392.70 430.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.79 430.25 Td ($5 ) Tj ET Q q 0 0 0 rg BT 414.55 430.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.44 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 445.20 430.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.53 430.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 506.37 430.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.37 430.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.91 430.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 430.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.82 418.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 71.30 418.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.19 418.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 107.40 418.25 Td (The ) Tj ET Q q 0 0 0 rg BT 124.43 418.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 139.80 418.25 Td (values ) Tj ET Q q 0 0 0 rg BT 166.83 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.65 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.24 418.25 Td (TRS ) Tj ET Q q 0 0 0 rg BT 210.07 418.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 257.08 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 270.78 418.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 310.03 418.25 Td (as ) Tj ET Q q 0 0 0 rg BT 319.84 418.25 Td (other ) Tj ET Q q 0 0 0 rg BT 341.88 418.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.68 418.25 Td (liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.89 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 410.38 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.64 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.35 418.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 465.36 418.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 487.40 418.25 Td (as ) Tj ET Q q 0 0 0 rg BT 497.21 418.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 418.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 406.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 406.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 406.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Sevan shar) Tj ET Q q 0 0 0 rg BT 96.77 376.25 Td (e r) Tj ET Q q 0 0 0 rg BT 107.97 376.25 Td (epur) Tj ET Q q 0 0 0 rg BT 127.79 376.25 Td (chase agr) Tj ET Q q 0 0 0 rg BT 167.88 376.25 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.82 358.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.98 358.25 Td (has ) Tj ET Q q 0 0 0 rg BT 124.58 358.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 156.28 358.25 Td (into ) Tj ET Q q 0 0 0 rg BT 174.11 358.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 221.91 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.97 358.25 Td (which ) Tj ET Q q 0 0 0 rg BT 258.68 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.17 358.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.33 358.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 333.27 358.25 Td (its ) Tj ET Q q 0 0 0 rg BT 344.99 358.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 372.25 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.30 358.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 409.02 358.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 442.95 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.01 358.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 502.48 358.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 528.08 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.79 358.25 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 82.15 346.25 Td (into ) Tj ET Q q 0 0 0 rg BT 100.43 346.25 Td (a ) Tj ET Q q 0 0 0 rg BT 107.59 346.25 Td (share ) Tj ET Q q 0 0 0 rg BT 131.42 346.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 169.68 346.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 214.04 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.55 346.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 270.58 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.52 346.25 Td (same ) Tj ET Q q 0 0 0 rg BT 308.79 346.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 341.51 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.56 346.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 380.28 346.25 Td (at ) Tj ET Q q 0 0 0 rg BT 390.22 346.25 Td (a ) Tj ET Q q 0 0 0 rg BT 397.38 346.25 Td (later ) Tj ET Q q 0 0 0 rg BT 417.87 346.25 Td (date ) Tj ET Q q 0 0 0 rg BT 437.25 346.25 Td (which ) Tj ET Q q 0 0 0 rg BT 464.41 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 473.81 346.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 513.74 346.25 Td (within ) Tj ET Q q 0 0 0 rg BT 542.02 346.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (months ) Tj ET Q q 0 0 0 rg BT 81.44 334.25 Td (from ) Tj ET Q q 0 0 0 rg BT 102.87 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.08 334.25 Td (date ) Tj ET Q q 0 0 0 rg BT 135.73 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.06 334.25 Td (entering ) Tj ET Q q 0 0 0 rg BT 180.81 334.25 Td (into ) Tj ET Q q 0 0 0 rg BT 198.36 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.58 334.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 230.12 334.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 275.81 334.25 Td (As ) Tj ET Q q 0 0 0 rg BT 288.92 334.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.24 334.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 357.32 334.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.32 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 379.31 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.52 334.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 434.40 334.25 Td (had ) Tj ET Q q 0 0 0 rg BT 450.83 334.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 498.36 334.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.01 334.25 Td (216,065,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 334.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 76.41 322.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 110.04 322.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 137.00 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.75 322.25 Td (be ) Tj ET Q q 0 0 0 rg BT 158.16 322.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 208.43 322.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.40 322.25 Td (February6, ) Tj ET Q q 0 0 0 rg BT 268.47 322.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.47 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.44 322.25 Td (at ) Tj ET Q q 0 0 0 rg BT 299.62 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 306.03 322.25 Td (strike ) Tj ET Q q 0 0 0 rg BT 330.22 322.25 Td (price ) Tj ET Q q 0 0 0 rg BT 352.17 322.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.47 322.25 Td (NOK4.1701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.64 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.61 322.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.01 322.25 Td (81,828,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.01 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 476.98 322.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 503.39 322.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 537.02 322.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.26 310.25 Td (be ) Tj ET Q q 0 0 0 rg BT 72.17 310.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 122.96 310.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.43 310.25 Td (February6, ) Tj ET Q q 0 0 0 rg BT 184.01 310.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.01 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.49 310.25 Td (at ) Tj ET Q q 0 0 0 rg BT 216.18 310.25 Td (a ) Tj ET Q q 0 0 0 rg BT 223.10 310.25 Td (strike ) Tj ET Q q 0 0 0 rg BT 247.80 310.25 Td (price ) Tj ET Q q 0 0 0 rg BT 270.26 310.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.07 310.25 Td (NOK4.1966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.23 310.25 Td (. ) Tj ET Q q 0 0 0 rg BT 335.03 310.25 Td (These ) Tj ET Q q 0 0 0 rg BT 361.39 310.25 Td (share ) Tj ET Q q 0 0 0 rg BT 384.96 310.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 430.75 310.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 478.76 310.25 Td (have ) Tj ET Q q 0 0 0 rg BT 500.11 310.25 Td (been ) Tj ET Q q 0 0 0 rg BT 521.47 310.25 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.76 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 76.19 298.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 109.83 298.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 158.49 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.03 298.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 215.21 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.53 298.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.52 298.25 Td (has ) Tj ET Q q 0 0 0 rg BT 288.95 298.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 335.92 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.24 298.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 391.56 298.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 435.75 298.25 Td (with ) Tj ET Q q 0 0 0 rg BT 456.63 298.25 Td (these ) Tj ET Q q 0 0 0 rg BT 480.28 298.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 530.58 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.46 298.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (current ) Tj ET Q q 0 0 0 rg BT 80.82 286.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 120.53 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.81 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.53 286.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 178.02 286.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.85 286.25 Td ($167 ) Tj ET Q q 0 0 0 rg BT 211.35 286.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.24 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 242.74 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 253.57 286.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.40 286.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 322.99 286.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.99 286.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.75 268.25 Td (February9, ) Tj ET Q q 0 0 0 rg BT 113.38 268.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.38 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 135.91 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.65 268.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.07 268.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 224.02 268.25 Td (into ) Tj ET Q q 0 0 0 rg BT 242.10 268.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 290.16 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.47 268.25 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.30 268.25 Td (216,065,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.30 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.83 268.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 268.25 Td (81,828,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 463.33 268.25 Td (Sevan ) Tj ET Q q 0 0 0 rg BT 490.29 268.25 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 524.49 268.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 552.01 268.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (May6, ) Tj ET Q q 0 0 0 rg BT 80.83 256.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.33 256.25 Td (at ) Tj ET Q q 0 0 0 rg BT 113.05 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 119.99 256.25 Td (strike ) Tj ET Q q 0 0 0 rg BT 144.70 256.25 Td (price ) Tj ET Q q 0 0 0 rg BT 167.19 256.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.02 256.25 Td (NOK0.7249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.18 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.68 256.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.62 256.25 Td (NOK0.7246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.79 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 298.29 256.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 345.95 256.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.87 226.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 123.13 226.25 Td (agr) Tj ET Q q 0 0 0 rg BT 137.39 226.25 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.65 199.25 Td (September ) Tj ET Q q 0 0 0 rg BT 105.73 199.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 130.54 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.08 199.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.28 199.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 218.02 199.25 Td (into ) Tj ET Q q 0 0 0 rg BT 235.90 199.25 Td (two ) Tj ET Q q 0 0 0 rg BT 253.21 199.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 295.51 199.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 330.03 199.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 386.21 199.25 Td (with ) Tj ET Q q 0 0 0 rg BT 406.30 199.25 Td (a ) Tj ET Q q 0 0 0 rg BT 413.06 199.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 434.81 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.91 199.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 476.65 199.25 Td (a ) Tj ET Q q 0 0 0 rg BT 483.41 199.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 514.61 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.26 199.25 Td (its ) Tj ET Q q 0 0 0 rg BT 537.02 199.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 564.52 199.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.93 187.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.76 187.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 173.56 187.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.39 187.25 Td (which ) Tj ET Q q 0 0 0 rg BT 211.88 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.15 187.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 269.09 187.25 Td (received ) Tj ET Q q 0 0 0 rg BT 306.00 187.25 Td ($250 ) Tj ET Q q 0 0 0 rg BT 329.05 187.25 Td (million ) Tj ET Q q 0 0 0 rg BT 361.00 187.25 Td (upfront ) Tj ET Q q 0 0 0 rg BT 393.49 187.25 Td (as ) Tj ET Q q 0 0 0 rg BT 404.87 187.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 455.12 187.25 Td (for ) Tj ET Q q 0 0 0 rg BT 469.83 187.25 Td (one ) Tj ET Q q 0 0 0 rg BT 487.32 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.71 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.97 187.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 564.51 187.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 175.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 115.64 175.25 Td (have ) Tj ET Q q 0 0 0 rg BT 136.80 175.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.52 175.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 186.89 175.25 Td (date ) Tj ET Q q 0 0 0 rg BT 205.83 175.25 Td (three ) Tj ET Q q 0 0 0 rg BT 228.10 175.25 Td (years ) Tj ET Q q 0 0 0 rg BT 251.47 175.25 Td (from ) Tj ET Q q 0 0 0 rg BT 273.19 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.69 175.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 327.18 175.25 Td (date ) Tj ET Q q 0 0 0 rg BT 346.12 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.84 175.25 Td (include ) Tj ET Q q 0 0 0 rg BT 394.55 175.25 Td (an ) Tj ET Q q 0 0 0 rg BT 406.27 175.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 437.98 175.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 481.91 175.25 Td (component ) Tj ET Q q 0 0 0 rg BT 528.63 175.25 Td (which ) Tj ET Q q 0 0 0 rg BT 555.35 175.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (based ) Tj ET Q q 0 0 0 rg BT 76.09 163.25 Td (on ) Tj ET Q q 0 0 0 rg BT 89.42 163.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.96 163.25 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 138.27 163.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 171.59 163.25 Td (received ) Tj ET Q q 0 0 0 rg BT 208.78 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.54 163.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 259.87 163.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 279.86 163.25 Td (1.9% ) Tj ET Q q 0 0 0 rg BT 304.02 163.25 Td (per ) Tj ET Q q 0 0 0 rg BT 320.11 163.25 Td (annum. ) Tj ET Q q 0 0 0 rg BT 352.42 163.25 Td (As ) Tj ET Q q 0 0 0 rg BT 366.86 163.25 Td (part ) Tj ET Q q 0 0 0 rg BT 385.73 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.39 163.25 Td (these ) Tj ET Q q 0 0 0 rg BT 421.26 163.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 472.62 163.25 Td (a ) Tj ET Q q 0 0 0 rg BT 480.38 163.25 Td (number ) Tj ET Q q 0 0 0 rg BT 514.25 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.91 163.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.22 163.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (SapuraKencana ) Tj ET Q q 0 0 0 rg BT 115.18 151.25 Td (were ) Tj ET Q q 0 0 0 rg BT 137.05 151.25 Td (pledged ) Tj ET Q q 0 0 0 rg BT 171.14 151.25 Td (as ) Tj ET Q q 0 0 0 rg BT 181.91 151.25 Td (security) Tj ET Q q 0 0 0 rg BT 212.92 151.25 Td (, ) Tj ET Q q 0 0 0 rg BT 217.85 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.51 151.25 Td (value ) Tj ET Q q 0 0 0 rg BT 256.60 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.37 151.25 Td (which ) Tj ET Q q 0 0 0 rg BT 294.25 151.25 Td (as ) Tj ET Q q 0 0 0 rg BT 305.01 151.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.78 151.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 374.30 151.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 151.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.74 151.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 438.61 151.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.83 151.25 Td ($325 ) Tj ET Q q 0 0 0 rg BT 471.27 151.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.16 151.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.60 151.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.93 151.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 139.25 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.11 139.25 Td ($666 ) Tj ET Q q 0 0 0 rg BT 97.45 139.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.34 139.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 134.50 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.27 139.25 Td (was ) Tj ET Q q 0 0 0 rg BT 169.16 139.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 209.81 139.25 Td (as ) Tj ET Q q 0 0 0 rg BT 220.47 139.25 Td (a ) Tj ET Q q 0 0 0 rg BT 227.25 139.25 Td (long ) Tj ET Q q 0 0 0 rg BT 247.36 139.25 Td (term ) Tj ET Q q 0 0 0 rg BT 268.02 139.25 Td (marketable ) Tj ET Q q 0 0 0 rg BT 314.77 139.25 Td (security ) Tj ET Q q 0 0 0 rg BT 348.76 139.25 Td (on ) Tj ET Q q 0 0 0 rg BT 361.09 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.64 139.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 408.51 139.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 433.89 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.06 139.25 Td (The ) Tj ET Q q 0 0 0 rg BT 453.94 139.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 497.91 139.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 521.35 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.13 139.25 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 87.99 127.25 Td (from ) Tj ET Q q 0 0 0 rg BT 110.43 127.25 Td (measuring ) Tj ET Q q 0 0 0 rg BT 155.09 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.30 127.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 187.18 127.25 Td (value ) Tj ET Q q 0 0 0 rg BT 211.83 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.16 127.25 Td (these ) Tj ET Q q 0 0 0 rg BT 246.71 127.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 285.80 127.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.02 127.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 355.10 127.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 378.10 127.25 Td (are ) Tj ET Q q 0 0 0 rg BT 393.31 127.25 Td (a ) Tj ET Q q 0 0 0 rg BT 400.75 127.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 424.86 127.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 447.30 127.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.63 127.25 Td ($103 ) Tj ET Q q 0 0 0 rg BT 481.63 127.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.52 127.25 Td (, ) Tj ET Q q 0 0 0 rg BT 516.02 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 533.46 127.25 Td (a ) Tj ET Q q 0 0 0 rg BT 540.90 127.25 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.67 115.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.57 115.25 Td ($103 ) Tj ET Q q 0 0 0 rg BT 117.13 115.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.02 115.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.58 115.25 Td (which ) Tj ET Q q 0 0 0 rg BT 175.59 115.25 Td (have ) Tj ET Q q 0 0 0 rg BT 197.03 115.25 Td (been ) Tj ET Q q 0 0 0 rg BT 218.47 115.25 Td (of) Tj ET Q q 0 0 0 rg BT 226.62 115.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 243.62 115.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.96 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.74 115.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 301.84 115.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 324.95 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.95 115.25 Td (income ) Tj ET Q q 0 0 0 rg BT 373.95 115.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 414.83 115.25 Td (as ) Tj ET Q q 0 0 0 rg BT 425.72 115.25 Td (these ) Tj ET Q q 0 0 0 rg BT 448.83 115.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 496.93 115.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 518.93 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.71 115.25 Td (criteria ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 103.25 Td (of) Tj ET Q q 0 0 0 rg BT 72.31 103.25 Td (fsetting. ) Tj ET Q q 0 0 0 rg BT 107.12 103.25 Td (The ) Tj ET Q q 0 0 0 rg BT 125.17 103.25 Td ($250 ) Tj ET Q q 0 0 0 rg BT 147.67 103.25 Td (million ) Tj ET Q q 0 0 0 rg BT 179.06 103.25 Td (received ) Tj ET Q q 0 0 0 rg BT 215.42 103.25 Td (as ) Tj ET Q q 0 0 0 rg BT 226.25 103.25 Td (a ) Tj ET Q q 0 0 0 rg BT 233.19 103.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 282.90 103.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.17 103.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 326.78 103.25 Td (is ) Tj ET Q q 0 0 0 rg BT 335.95 103.25 Td (included ) Tj ET Q q 0 0 0 rg BT 372.88 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.16 103.25 Td (other ) Tj ET Q q 0 0 0 rg BT 406.21 103.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 448.14 103.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 490.36 103.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 76.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 80.09 76.25 Td (risk) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.92 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.17 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 121.87 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.22 742.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 185.42 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 224.57 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.70 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.51 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.65 742.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 328.06 742.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 373.85 742.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 415.48 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 437.40 742.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 483.74 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.55 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 528.12 742.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 92.75 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 104.42 730.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 146.08 730.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 196.91 730.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 226.36 730.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 259.68 730.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 299.11 730.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 336.88 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.99 730.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 384.09 730.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 400.75 730.10 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 429.24 730.10 Td (These ) Tj ET Q q 0 0 0 rg BT 454.79 730.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 479.80 730.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 509.24 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 730.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.04 718.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 87.08 718.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 105.34 718.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 135.83 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 158.53 718.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 194.58 718.10 Td (default ) Tj ET Q q 0 0 0 rg BT 225.61 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 238.87 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.36 718.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 304.24 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 309.77 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 328.58 718.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 370.74 718.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 411.77 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.25 718.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 487.16 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.21 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.91 718.10 Td (creditworthy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.56 706.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 132.59 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.60 706.10 Td (does ) Tj ET Q q 0 0 0 rg BT 168.51 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 182.86 706.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 210.53 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 226.55 706.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 270.33 706.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 287.47 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.83 706.10 Td (result ) Tj ET Q q 0 0 0 rg BT 320.62 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 341.63 706.10 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 412.06 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 423.64 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 443.54 706.10 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 504.15 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 521.27 706.10 Td (Company) Tj ET Q q 0 0 0 rg BT 559.51 706.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.58 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.60 694.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 103.73 694.10 Td (course ) Tj ET Q q 0 0 0 rg BT 131.63 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.77 694.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 179.96 694.10 Td (does ) Tj ET Q q 0 0 0 rg BT 200.09 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 214.67 694.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 248.13 694.10 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 289.50 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 306.85 694.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 331.42 694.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 369.32 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.46 694.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 410.69 694.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 427.48 694.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 449.84 694.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 499.67 694.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 536.45 694.10 Td (option ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.67 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.68 682.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 137.14 682.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 174.69 682.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 213.36 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.60 682.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 271.26 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 283.84 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.63 682.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 315.08 682.10 Td (value ) Tj ET Q q 0 0 0 rg BT 339.31 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.22 682.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 388.89 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 409.24 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.26 682.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 450.50 682.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 466.95 682.10 Td (value ) Tj ET Q q 0 0 0 rg BT 491.18 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.97 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.77 682.10 Td (end ) Tj ET Q q 0 0 0 rg BT 532.78 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.69 682.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 80.94 670.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 115.48 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 128.38 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.49 670.10 Td (ef) Tj ET Q q 0 0 0 rg BT 151.08 670.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 172.85 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.07 670.10 Td (master ) Tj ET Q q 0 0 0 rg BT 213.62 670.10 Td (netting ) Tj ET Q q 0 0 0 rg BT 244.29 670.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 295.22 670.10 Td (It ) Tj ET Q q 0 0 0 rg BT 304.22 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.78 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.89 670.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 376.37 670.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 404.26 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.93 670.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 437.81 670.10 Td (into ) Tj ET Q q 0 0 0 rg BT 456.26 670.10 Td (master ) Tj ET Q q 0 0 0 rg BT 485.81 670.10 Td (netting ) Tj ET Q q 0 0 0 rg BT 516.48 670.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.37 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.18 658.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 144.42 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.79 658.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 197.37 658.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.94 658.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 280.31 658.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 321.50 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.53 658.10 Td (give ) Tj ET Q q 0 0 0 rg BT 368.34 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.15 658.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 424.63 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.44 658.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 461.47 658.10 Td (right ) Tj ET Q q 0 0 0 rg BT 482.95 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.32 658.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 522.02 658.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 534.05 658.10 Td (all ) Tj ET Q q 0 0 0 rg BT 546.64 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 557.57 658.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 81.39 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.22 646.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 128.60 646.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 152.76 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.04 646.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 216.07 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 228.57 646.10 Td (of) Tj ET Q q 0 0 0 rg BT 236.72 646.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 269.22 646.10 Td (them ) Tj ET Q q 0 0 0 rg BT 291.71 646.10 Td (against ) Tj ET Q q 0 0 0 rg BT 322.54 646.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 358.93 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.42 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.14 646.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 444.17 646.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 467.22 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.50 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.22 646.10 Td (Company) Tj ET Q q 0 0 0 rg BT 530.45 646.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.64 610.10 Td (values ) Tj ET Q q 0 0 0 rg BT 99.81 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.64 610.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.37 610.10 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.46 586.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 102.70 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 126.27 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.63 586.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 182.87 586.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 198.66 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 222.23 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.48 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.62 586.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 293.12 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 330.01 586.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 378.60 586.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.73 586.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 445.73 586.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.73 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 467.65 586.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.01 586.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.01 586.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.93 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.76 574.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 514.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 514.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 514.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 514.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 514.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 514.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 514.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 514.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 486.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 486.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 486.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 486.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 486.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 486.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 458.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 458.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 458.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 458.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 273.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 430.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 430.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 430.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 430.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 430.60 56.00 -14.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 542.28 Td (December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.65 542.28 Td (December 31, 2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 519.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 519.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 519.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.85 528.33 Td (Fair) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.20 518.33 Td (value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.55 528.33 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.20 518.33 Td (value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.85 528.33 Td (Fair) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.20 518.33 Td (value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.55 528.33 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.20 518.33 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 505.17 Td (Cash ) Tj ET Q q 0 0 0 rg BT 75.50 505.17 Td (and ) Tj ET Q q 0 0 0 rg BT 92.44 505.17 Td (cash ) Tj ET Q q 0 0 0 rg BT 112.71 505.17 Td (equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 505.17 Td (831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 505.17 Td (831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 505.17 Td (744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 505.17 Td (744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.17 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 96.04 491.17 Td (cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 491.17 Td (449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 491.17 Td (449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 491.17 Td (318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 491.17 Td (318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 477.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 86.05 477.17 Td (portion ) Tj ET Q q 0 0 0 rg BT 117.43 477.17 Td (of ) Tj ET Q q 0 0 0 rg BT 128.26 477.17 Td (long-term ) Tj ET Q q 0 0 0 rg BT 170.20 477.17 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 477.17 Td (2,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 477.17 Td (2,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 477.17 Td (1,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 477.17 Td (1,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.17 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 98.26 463.17 Td (portion ) Tj ET Q q 0 0 0 rg BT 129.65 463.17 Td (of ) Tj ET Q q 0 0 0 rg BT 140.48 463.17 Td (floating ) Tj ET Q q 0 0 0 rg BT 174.08 463.17 Td (rate ) Tj ET Q q 0 0 0 rg BT 191.57 463.17 Td (debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 463.17 Td (7,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 463.17 Td (7,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 463.17 Td (8,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 463.17 Td (8,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.17 Td (Long ) Tj ET Q q 0 0 0 rg BT 76.61 449.17 Td (term ) Tj ET Q q 0 0 0 rg BT 97.43 449.17 Td (portion ) Tj ET Q q 0 0 0 rg BT 128.82 449.17 Td (of ) Tj ET Q q 0 0 0 rg BT 139.65 449.17 Td (fixed ) Tj ET Q q 0 0 0 rg BT 162.70 449.17 Td (rate ) Tj ET Q q 0 0 0 rg BT 180.18 449.17 Td (CIRR ) Tj ET Q q 0 0 0 rg BT 206.02 449.17 Td (loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 449.17 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 449.17 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 449.17 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 449.17 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 435.17 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 78.28 435.17 Td (interest ) Tj ET Q q 0 0 0 rg BT 110.21 435.17 Td (convertible ) Tj ET Q q 0 0 0 rg BT 157.69 435.17 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 435.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 435.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 435.17 Td (704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 435.17 Td (577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 421.17 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 78.28 421.17 Td (interest ) Tj ET Q q 0 0 0 rg BT 110.21 421.17 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 421.17 Td (2,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 421.17 Td (2,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 421.17 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 421.17 Td (1,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.17 Td (Floating ) Tj ET Q q 0 0 0 rg BT 88.83 407.17 Td (interest ) Tj ET Q q 0 0 0 rg BT 120.77 407.17 Td (bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 407.17 Td (482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 407.17 Td (622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 407.17 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 407.17 Td (538) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.30 379.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 104.37 379.10 Td (value ) Tj ET Q q 0 0 0 rg BT 128.77 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.85 379.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.37 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.56 379.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.08 379.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 246.38 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.57 379.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 303.52 379.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 326.54 379.10 Td (which ) Tj ET Q q 0 0 0 rg BT 353.73 379.10 Td (are ) Tj ET Q q 0 0 0 rg BT 368.69 379.10 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 397.28 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 406.70 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.89 379.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 459.39 379.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 495.46 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.55 379.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.17 379.10 Td (value ) Tj ET Q q 0 0 0 rg BT 547.58 379.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 98.58 367.10 Td (at ) Tj ET Q q 0 0 0 rg BT 108.30 367.10 Td (level ) Tj ET Q q 0 0 0 rg BT 130.23 367.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 137.73 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 150.23 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.95 367.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 181.32 367.10 Td (value ) Tj ET Q q 0 0 0 rg BT 205.48 367.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 261.29 367.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 298.39 367.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.70 343.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.73 343.10 Td (value ) Tj ET Q q 0 0 0 rg BT 107.54 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.02 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.39 343.10 Td (current ) Tj ET Q q 0 0 0 rg BT 162.86 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.45 343.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 221.03 343.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 252.07 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.55 343.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 295.81 343.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 312.95 343.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 332.32 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.14 343.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 381.61 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.54 343.10 Td (be ) Tj ET Q q 0 0 0 rg BT 403.13 343.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 426.94 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.87 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.24 343.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 486.71 343.10 Td (value ) Tj ET Q q 0 0 0 rg BT 510.52 343.10 Td (since ) Tj ET Q q 0 0 0 rg BT 533.21 343.10 Td (it ) Tj ET Q q 0 0 0 rg BT 540.92 343.10 Td (bears ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 84.98 331.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.19 331.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 141.34 331.10 Td (which ) Tj ET Q q 0 0 0 rg BT 168.55 331.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.54 331.10 Td (reset ) Tj ET Q q 0 0 0 rg BT 205.19 331.10 Td (regularly) Tj ET Q q 0 0 0 rg BT 240.63 331.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.91 331.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 277.57 331.10 Td (every ) Tj ET Q q 0 0 0 rg BT 302.56 331.10 Td (one ) Tj ET Q q 0 0 0 rg BT 319.77 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.32 331.10 Td (six ) Tj ET Q q 0 0 0 rg BT 344.77 331.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 379.29 331.10 Td (This ) Tj ET Q q 0 0 0 rg BT 399.85 331.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 419.84 331.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.29 331.10 Td (not ) Tj ET Q q 0 0 0 rg BT 444.84 331.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 470.93 331.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 505.91 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.12 331.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 552.56 331.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 92.96 319.10 Td (by ) Tj ET Q q 0 0 0 rg BT 105.38 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.02 319.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.33 319.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.97 319.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 197.27 319.10 Td (other ) Tj ET Q q 0 0 0 rg BT 220.24 319.10 Td (than ) Tj ET Q q 0 0 0 rg BT 239.88 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.52 319.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 303.61 319.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 336.57 319.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 355.66 319.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 389.17 319.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 423.35 319.10 Td (W) Tj ET Q q 0 0 0 rg BT 431.99 319.10 Td (e ) Tj ET Q q 0 0 0 rg BT 438.85 319.10 Td (have ) Tj ET Q q 0 0 0 rg BT 460.15 319.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 508.65 319.10 Td (this ) Tj ET Q q 0 0 0 rg BT 525.52 319.10 Td (at ) Tj ET Q q 0 0 0 rg BT 535.17 319.10 Td (level ) Tj ET Q q 0 0 0 rg BT 557.02 319.10 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 307.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 93.59 307.10 Td (value ) Tj ET Q q 0 0 0 rg BT 117.75 307.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 173.56 307.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 210.66 307.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 283.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.98 283.10 Td (value ) Tj ET Q q 0 0 0 rg BT 107.92 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.53 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.02 283.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 174.74 283.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 205.90 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.51 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.01 283.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 253.83 283.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 271.10 283.10 Td (CIRR ) Tj ET Q q 0 0 0 rg BT 296.72 283.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 320.10 283.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.05 283.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 352.99 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.05 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.54 283.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 413.14 283.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 439.57 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.18 283.10 Td (they ) Tj ET Q q 0 0 0 rg BT 469.68 283.10 Td (are ) Tj ET Q q 0 0 0 rg BT 484.16 283.10 Td (matched ) Tj ET Q q 0 0 0 rg BT 520.31 283.10 Td (with ) Tj ET Q q 0 0 0 rg BT 540.37 283.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 86.92 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.75 271.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 137.46 271.10 Td (cash. ) Tj ET Q q 0 0 0 rg BT 160.04 271.10 Td (W) Tj ET Q q 0 0 0 rg BT 168.68 271.10 Td (e ) Tj ET Q q 0 0 0 rg BT 175.62 271.10 Td (have ) Tj ET Q q 0 0 0 rg BT 197.00 271.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 245.58 271.10 Td (this ) Tj ET Q q 0 0 0 rg BT 262.52 271.10 Td (at ) Tj ET Q q 0 0 0 rg BT 272.24 271.10 Td (level ) Tj ET Q q 0 0 0 rg BT 294.17 271.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 301.67 271.10 Td (on ) Tj ET Q q 0 0 0 rg BT 314.17 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.89 271.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 345.27 271.10 Td (value ) Tj ET Q q 0 0 0 rg BT 369.42 271.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 425.23 271.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 462.34 271.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.86 247.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 117.15 247.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 144.35 247.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.86 247.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 186.49 247.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 222.00 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.75 247.10 Td (their ) Tj ET Q q 0 0 0 rg BT 261.38 247.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 278.57 247.10 Td (value ) Tj ET Q q 0 0 0 rg BT 303.54 247.10 Td (has ) Tj ET Q q 0 0 0 rg BT 320.17 247.10 Td (been ) Tj ET Q q 0 0 0 rg BT 342.36 247.10 Td (set ) Tj ET Q q 0 0 0 rg BT 356.78 247.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 381.74 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.83 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.36 247.10 Td (price ) Tj ET Q q 0 0 0 rg BT 431.65 247.10 Td (at ) Tj ET Q q 0 0 0 rg BT 442.18 247.10 Td (which ) Tj ET Q q 0 0 0 rg BT 469.93 247.10 Td (they ) Tj ET Q q 0 0 0 rg BT 490.45 247.10 Td (were ) Tj ET Q q 0 0 0 rg BT 513.19 247.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 541.49 247.10 Td (at ) Tj ET Q q 0 0 0 rg BT 552.01 247.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.58 235.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 235.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 235.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.04 235.10 Td (e ) Tj ET Q q 0 0 0 rg BT 148.98 235.10 Td (have ) Tj ET Q q 0 0 0 rg BT 170.36 235.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 218.94 235.10 Td (this ) Tj ET Q q 0 0 0 rg BT 235.88 235.10 Td (at ) Tj ET Q q 0 0 0 rg BT 245.60 235.10 Td (level ) Tj ET Q q 0 0 0 rg BT 267.53 235.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 275.03 235.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.53 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.25 235.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 318.63 235.10 Td (value ) Tj ET Q q 0 0 0 rg BT 342.78 235.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 398.59 235.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 435.70 235.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.30 211.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 91.60 211.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.79 211.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 141.53 211.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 168.18 211.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.14 211.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 209.21 211.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 244.17 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.37 211.10 Td (their ) Tj ET Q q 0 0 0 rg BT 282.45 211.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 299.08 211.10 Td (value ) Tj ET Q q 0 0 0 rg BT 323.49 211.10 Td (has ) Tj ET Q q 0 0 0 rg BT 339.57 211.10 Td (been ) Tj ET Q q 0 0 0 rg BT 361.21 211.10 Td (set ) Tj ET Q q 0 0 0 rg BT 375.07 211.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 399.48 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.02 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.99 211.10 Td (price ) Tj ET Q q 0 0 0 rg BT 447.73 211.10 Td (at ) Tj ET Q q 0 0 0 rg BT 457.70 211.10 Td (which ) Tj ET Q q 0 0 0 rg BT 484.89 211.10 Td (they ) Tj ET Q q 0 0 0 rg BT 504.87 211.10 Td (were ) Tj ET Q q 0 0 0 rg BT 527.05 211.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 554.79 211.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 199.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 121.08 199.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.58 199.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 199.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 219.11 199.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.11 199.10 Td (. ) Tj ET Q q 0 0 0 rg BT 243.93 199.10 Td (W) Tj ET Q q 0 0 0 rg BT 252.56 199.10 Td (e ) Tj ET Q q 0 0 0 rg BT 259.50 199.10 Td (have ) Tj ET Q q 0 0 0 rg BT 280.88 199.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 329.46 199.10 Td (this ) Tj ET Q q 0 0 0 rg BT 346.41 199.10 Td (at ) Tj ET Q q 0 0 0 rg BT 356.12 199.10 Td (level ) Tj ET Q q 0 0 0 rg BT 378.06 199.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 385.56 199.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.06 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.77 199.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 429.15 199.10 Td (value ) Tj ET Q q 0 0 0 rg BT 453.31 199.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 509.12 199.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 546.22 199.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.07 175.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 101.70 175.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 133.65 175.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 160.07 175.10 Td (are ) Tj ET Q q 0 0 0 rg BT 174.80 175.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 200.64 175.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 235.36 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.33 175.10 Td (their ) Tj ET Q q 0 0 0 rg BT 273.17 175.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 289.58 175.10 Td (value ) Tj ET Q q 0 0 0 rg BT 313.75 175.10 Td (has ) Tj ET Q q 0 0 0 rg BT 329.61 175.10 Td (been ) Tj ET Q q 0 0 0 rg BT 351.01 175.10 Td (set ) Tj ET Q q 0 0 0 rg BT 364.64 175.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 388.82 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.12 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.86 175.10 Td (price ) Tj ET Q q 0 0 0 rg BT 436.37 175.10 Td (at ) Tj ET Q q 0 0 0 rg BT 446.11 175.10 Td (which ) Tj ET Q q 0 0 0 rg BT 473.07 175.10 Td (they ) Tj ET Q q 0 0 0 rg BT 492.81 175.10 Td (were ) Tj ET Q q 0 0 0 rg BT 514.76 175.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 542.27 175.10 Td (at ) Tj ET Q q 0 0 0 rg BT 552.01 175.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.58 163.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.08 163.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 163.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.61 163.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.61 163.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.43 163.10 Td (W) Tj ET Q q 0 0 0 rg BT 240.06 163.10 Td (e ) Tj ET Q q 0 0 0 rg BT 247.00 163.10 Td (have ) Tj ET Q q 0 0 0 rg BT 268.38 163.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 316.96 163.10 Td (this ) Tj ET Q q 0 0 0 rg BT 333.91 163.10 Td (at ) Tj ET Q q 0 0 0 rg BT 343.62 163.10 Td (level ) Tj ET Q q 0 0 0 rg BT 365.56 163.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 373.06 163.10 Td (on ) Tj ET Q q 0 0 0 rg BT 385.56 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.27 163.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 416.65 163.10 Td (value ) Tj ET Q q 0 0 0 rg BT 440.81 163.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 496.62 163.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 533.72 163.10 Td (.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.71 742.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 138.88 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.37 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 171.08 742.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 211.89 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 221.61 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.99 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 262.14 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.64 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.58 742.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 320.73 742.10 Td (basis:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 611.60 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 611.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 611.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 611.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 611.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 583.60 222.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 583.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 583.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 583.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 583.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 583.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 583.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 583.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 583.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 556.60 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 556.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 556.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 556.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 556.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 556.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 556.60 59.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 500.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 500.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 500.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 500.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 500.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 500.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 500.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 472.60 222.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 472.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 472.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 472.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 472.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 472.60 4.00 -13.00 re f /GS0 gs 0.8 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 459.6 m 346.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 472.6 m 350.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 459.6 m 350.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 472.6 m 429.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 459.6 m 429.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 472.6 m 433.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 459.6 m 433.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 472.6 m 492.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 459.6 m 492.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 472.6 m 496.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 459.6 m 496.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 472.6 m 561.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 459.6 m 561.5 459.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 713.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.00 713.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.80 722.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 419.94 722.33 Td ( value measur) Tj ET Q q 0 0 0 rg BT 479.20 722.33 Td (ements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.80 712.33 Td (at r) Tj ET Q q 0 0 0 rg BT 421.89 712.33 Td (eporting date using) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 654.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.10 664.28 Td (T) Tj ET Q q 0 0 0 rg BT 326.85 664.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.55 654.28 Td (Fair) Tj ET Q q 0 0 0 rg BT 317.69 654.28 Td ( value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.85 684.28 Td (Quoted Prices in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 674.28 Td (Active Markets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.10 664.28 Td (for Identical) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.30 654.28 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.85 684.28 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.60 674.28 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.10 664.28 Td (Observable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.20 654.28 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.85 674.28 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.10 664.28 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.20 654.28 Td (Inputs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 630.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.85 640.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.00 630.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.50 640.33 Td (\(Level 1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.50 640.33 Td (\(Level 2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.50 640.33 Td (\(Level 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 616.17 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 616.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 616.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 616.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 616.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 602.17 Td (Marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 602.17 Td (751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 602.17 Td (751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 602.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 602.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 588.17 Td (Interest rate swap contracts short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 588.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 588.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 588.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 588.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 574.33 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 574.33 Td (756) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 574.33 Td (751) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 574.33 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 574.33 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 547.17 Td (Liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.00 547.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.00 547.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 547.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.00 547.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 533.17 Td (Interest rate swap contracts short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 533.17 Td (139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 533.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 533.17 Td (139) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 533.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 519.17 Td (Interest rate swap contracts long term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 519.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 519.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 519.17 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 519.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 505.17 Td (Cross currency swap contracts short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 505.17 Td (201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 505.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 505.17 Td (201) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 505.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 491.17 Td (Foreign exchange forwards short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.65 491.17 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 491.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 491.17 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 491.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 477.17 Td (Other derivative instruments short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 477.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 477.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 477.17 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 477.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 463.33 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.65 463.33 Td (374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 463.33 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 463.33 Td (374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 463.33 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 316.60 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 316.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 316.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 316.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 316.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 316.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 288.60 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 288.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 288.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 288.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 288.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 288.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 288.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 288.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 288.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 260.60 222.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 260.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 260.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 260.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 260.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 260.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 260.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 260.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 260.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 233.60 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 233.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 233.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 233.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 233.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 233.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 233.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 233.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 233.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 205.60 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 205.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 205.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 205.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 205.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 205.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 205.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 205.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 205.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 177.60 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 177.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 177.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 177.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 177.60 79.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 177.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 177.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 177.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 177.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 149.60 222.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 149.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 149.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 149.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 149.60 79.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 149.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 149.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 149.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 149.60 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 260.6 m 272.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 247.60000000000002 m 272.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 260.6 m 276.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 247.60000000000002 m 276.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 260.6 m 347.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 247.60000000000002 m 347.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 260.6 m 351.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 247.60000000000002 m 351.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 260.6 m 430.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 247.60000000000002 m 430.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 260.6 m 434.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 247.60000000000002 m 434.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 260.6 m 493.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 247.60000000000002 m 493.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 260.6 m 497.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 247.60000000000002 m 497.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 260.6 m 562.5 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 247.60000000000002 m 562.5 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 149.60000000000002 m 272.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 136.60000000000002 m 272.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 149.60000000000002 m 276.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 136.60000000000002 m 276.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 149.60000000000002 m 347.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 136.60000000000002 m 347.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 149.60000000000002 m 351.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 136.60000000000002 m 351.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 149.60000000000002 m 430.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 136.60000000000002 m 430.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 149.60000000000002 m 434.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 136.60000000000002 m 434.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 149.60000000000002 m 493.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 136.60000000000002 m 493.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 149.60000000000002 m 497.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 136.60000000000002 m 497.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 149.60000000000002 m 562.5 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 136.60000000000002 m 562.5 136.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 419.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.00 419.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.80 428.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 420.94 428.33 Td ( value measur) Tj ET Q q 0 0 0 rg BT 480.20 428.33 Td (ements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.80 418.33 Td (at r) Tj ET Q q 0 0 0 rg BT 422.89 418.33 Td (eporting date using) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 360.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.10 370.28 Td (T) Tj ET Q q 0 0 0 rg BT 327.85 370.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.55 360.28 Td (Fair) Tj ET Q q 0 0 0 rg BT 318.69 360.28 Td ( value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.85 390.28 Td (Quoted Prices in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.15 380.28 Td (Active Markets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.10 370.28 Td (for Identical) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.30 360.28 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.85 390.28 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.60 380.28 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.10 370.28 Td (Observable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.20 360.28 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.85 380.28 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.10 370.28 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.20 360.28 Td (Inputs) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 335.31 Td (\(In US$ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.85 345.28 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 335.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 346.33 Td (\(Level 1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.50 346.33 Td (\(Level 2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.50 346.33 Td (\(Level 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 321.17 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.00 321.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 321.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 321.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 321.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 307.17 Td (Marketable securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 307.17 Td (1,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 307.17 Td (1,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 307.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 307.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 293.17 Td (Interest rate swap contracts short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 293.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 293.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 293.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 293.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.17 Td (Foreign exchange forwards short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 279.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 279.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 279.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 279.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 265.17 Td (Other derivative instruments short term receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 265.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 265.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 265.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 265.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 251.33 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.15 251.33 Td (1,091) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.15 251.33 Td (1,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 251.33 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 251.33 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 224.17 Td (Liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.00 224.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 224.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 224.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.00 224.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 210.17 Td (Interest rate swap contracts short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 210.17 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 210.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 210.17 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 210.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 196.17 Td (Interest rate swap contracts long term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 196.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 196.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 196.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 196.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.17 Td (Cross currency swap contracts short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 182.17 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 182.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 182.17 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 182.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.17 Td (Foreign exchange forwards short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 168.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 168.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 168.17 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 168.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.17 Td (Other derivative instruments short term payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 154.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 154.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 154.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 154.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 140.33 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.65 140.33 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 140.33 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 140.33 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 140.33 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (US ) Tj ET Q q 0 0 0 rg BT 64.21 101.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 91.06 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 101.10 Td (emphasizes ) Tj ET Q q 0 0 0 rg BT 140.01 101.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.43 101.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 171.73 101.10 Td (value ) Tj ET Q q 0 0 0 rg BT 194.81 101.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.90 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.77 101.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 264.05 101.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 321.29 101.10 Td (not ) Tj ET Q q 0 0 0 rg BT 335.49 101.10 Td (an ) Tj ET Q q 0 0 0 rg BT 346.36 101.10 Td (entity-specific ) Tj ET Q q 0 0 0 rg BT 404.98 101.10 Td (measurement, ) Tj ET Q q 0 0 0 rg BT 462.21 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.08 101.10 Td (should ) Tj ET Q q 0 0 0 rg BT 506.17 101.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.03 101.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.76 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.75 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.96 89.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 156.40 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 174.38 89.10 Td (market ) Tj ET Q q 0 0 0 rg BT 205.14 89.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 254.78 89.10 Td (would ) Tj ET Q q 0 0 0 rg BT 282.77 89.10 Td (use ) Tj ET Q q 0 0 0 rg BT 299.09 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.86 89.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 341.17 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.38 89.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 378.81 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.13 89.10 Td (liability) Tj ET Q q 0 0 0 rg BT 420.59 89.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.42 89.10 Td (As ) Tj ET Q q 0 0 0 rg BT 439.53 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.95 89.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 469.95 89.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.60 89.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 534.24 89.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 94.50 77.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 145.68 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.20 77.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.81 77.10 Td (value ) Tj ET Q q 0 0 0 rg BT 194.20 77.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 255.64 77.10 Td (US ) Tj ET Q q 0 0 0 rg BT 270.16 77.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 297.02 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.76 77.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 343.82 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 350.00 77.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 365.61 77.10 Td (value ) Tj ET Q q 0 0 0 rg BT 389.00 77.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 428.49 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 445.23 77.10 Td (distinguishes ) Tj ET Q q 0 0 0 rg BT 499.19 77.10 Td (between ) Tj ET Q q 0 0 0 rg BT 534.24 77.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 95.50 65.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 147.68 65.10 Td (based ) Tj ET Q q 0 0 0 rg BT 173.19 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 185.93 65.10 Td (market ) Tj ET Q q 0 0 0 rg BT 216.43 65.10 Td (data ) Tj ET Q q 0 0 0 rg BT 235.82 65.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 273.00 65.10 Td (from ) Tj ET Q q 0 0 0 rg BT 295.17 65.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 327.90 65.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 379.51 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.58 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.54 65.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 444.93 65.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 470.44 65.10 Td (\(observable ) Tj ET Q q 0 0 0 rg BT 519.82 65.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 547.01 65.10 Td (that ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 65.34 742.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 106.24 742.10 Td (within ) Tj ET Q q 0 0 0 rg BT 134.94 742.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 161.40 742.10 Td (one ) Tj ET Q q 0 0 0 rg BT 178.97 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.55 742.10 Td (two ) Tj ET Q q 0 0 0 rg BT 214.68 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.15 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.50 742.10 Td (hierarchy\) ) Tj ET Q q 0 0 0 rg BT 285.72 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.30 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.65 742.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 358.44 742.10 Td (entity's ) Tj ET Q q 0 0 0 rg BT 390.04 742.10 Td (own ) Tj ET Q q 0 0 0 rg BT 410.40 742.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 462.99 742.10 Td (about ) Tj ET Q q 0 0 0 rg BT 488.34 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 519.24 742.10 Td (participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.95 730.10 Td (\(unobservable ) Tj ET Q q 0 0 0 rg BT 161.09 730.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 188.04 730.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 228.31 730.10 Td (within ) Tj ET Q q 0 0 0 rg BT 256.36 730.10 Td (level ) Tj ET Q q 0 0 0 rg BT 278.30 730.10 Td (three ) Tj ET Q q 0 0 0 rg BT 300.78 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.61 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.33 730.10 Td (hierarchy\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.98 706.10 Td (one ) Tj ET Q q 0 0 0 rg BT 93.63 706.10 Td (input ) Tj ET Q q 0 0 0 rg BT 117.39 706.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 149.49 706.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 196.03 706.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 226.45 706.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 253.54 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.53 706.10 Td (active ) Tj ET Q q 0 0 0 rg BT 291.62 706.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 326.48 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.36 706.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 379.00 706.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 405.54 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.08 706.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 457.51 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.72 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.15 706.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.24 706.10 Td (has ) Tj ET Q q 0 0 0 rg BT 549.79 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.49 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.21 694.10 Td (access. ) Tj ET Q q 0 0 0 rg BT 120.19 694.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 145.89 694.10 Td (two ) Tj ET Q q 0 0 0 rg BT 163.83 694.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 191.22 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 206.36 694.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 233.75 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.24 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 277.39 694.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 307.55 694.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 334.37 694.10 Td (included ) Tj ET Q q 0 0 0 rg BT 371.74 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.46 694.10 Td (level ) Tj ET Q q 0 0 0 rg BT 404.83 694.10 Td (one ) Tj ET Q q 0 0 0 rg BT 422.21 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.14 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.29 694.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 501.54 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.14 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.30 694.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 553.68 694.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (liability) Tj ET Q q 0 0 0 rg BT 80.46 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.91 682.10 Td (either ) Tj ET Q q 0 0 0 rg BT 109.62 682.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 142.12 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.40 682.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 190.07 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.52 682.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 219.23 682.10 Td (two ) Tj ET Q q 0 0 0 rg BT 236.18 682.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 262.58 682.10 Td (may ) Tj ET Q q 0 0 0 rg BT 281.75 682.10 Td (include ) Tj ET Q q 0 0 0 rg BT 313.13 682.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 342.30 682.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 368.13 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.74 682.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 411.46 682.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 436.75 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.13 682.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 492.30 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.03 682.10 Td (active ) Tj ET Q q 0 0 0 rg BT 527.85 682.10 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.34 670.10 Td (well ) Tj ET Q q 0 0 0 rg BT 79.57 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 89.91 670.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 116.37 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 133.37 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.59 670.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 192.92 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.59 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.82 670.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 242.27 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.61 670.10 Td (liability) Tj ET Q q 0 0 0 rg BT 283.07 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 287.58 670.10 Td (other ) Tj ET Q q 0 0 0 rg BT 310.13 670.10 Td (than ) Tj ET Q q 0 0 0 rg BT 329.36 670.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 358.59 670.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 386.98 670.10 Td (such ) Tj ET Q q 0 0 0 rg BT 407.32 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 417.66 670.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 449.10 670.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 472.49 670.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 503.38 670.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 543.14 670.10 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.49 658.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 90.54 658.10 Td (curves ) Tj ET Q q 0 0 0 rg BT 119.69 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 137.74 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 153.00 658.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 199.37 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 209.64 658.10 Td (commonly ) Tj ET Q q 0 0 0 rg BT 255.47 658.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 285.74 658.10 Td (intervals. ) Tj ET Q q 0 0 0 rg BT 325.72 658.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 351.54 658.10 Td (three ) Tj ET Q q 0 0 0 rg BT 374.58 658.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 402.08 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 417.34 658.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 473.71 658.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 501.21 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.92 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.19 658.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 553.69 658.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (liability) Tj ET Q q 0 0 0 rg BT 80.46 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 85.84 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 113.15 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.24 646.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 166.11 646.10 Td (based ) Tj ET Q q 0 0 0 rg BT 191.76 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.63 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.95 646.10 Td (entity's ) Tj ET Q q 0 0 0 rg BT 248.30 646.10 Td (own ) Tj ET Q q 0 0 0 rg BT 268.40 646.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 323.22 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.43 646.10 Td (there ) Tj ET Q q 0 0 0 rg BT 357.29 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.84 646.10 Td (little, ) Tj ET Q q 0 0 0 rg BT 390.55 646.10 Td (if ) Tj ET Q q 0 0 0 rg BT 399.54 646.10 Td (any) Tj ET Q q 0 0 0 rg BT 413.33 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 418.71 646.10 Td (related ) Tj ET Q q 0 0 0 rg BT 448.79 646.10 Td (market ) Tj ET Q q 0 0 0 rg BT 479.43 646.10 Td (activity) Tj ET Q q 0 0 0 rg BT 508.77 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 514.15 646.10 Td (In ) Tj ET Q q 0 0 0 rg BT 525.36 646.10 Td (instances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (where ) Tj ET Q q 0 0 0 rg BT 76.44 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.66 634.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 148.21 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.55 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.78 634.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 188.66 634.10 Td (value ) Tj ET Q q 0 0 0 rg BT 212.33 634.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 267.65 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.33 634.10 Td (based ) Tj ET Q q 0 0 0 rg BT 301.10 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.11 634.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 339.57 634.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.02 634.10 Td (dif) Tj ET Q q 0 0 0 rg BT 371.95 634.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 397.27 634.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 422.60 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.94 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.17 634.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 463.06 634.10 Td (value ) Tj ET Q q 0 0 0 rg BT 486.72 634.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 523.83 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 528.33 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.56 634.10 Td (level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.87 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.18 622.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 90.15 622.10 Td (value ) Tj ET Q q 0 0 0 rg BT 113.90 622.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 153.75 622.10 Td (within ) Tj ET Q q 0 0 0 rg BT 181.40 622.10 Td (which ) Tj ET Q q 0 0 0 rg BT 207.93 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.24 622.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 247.10 622.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 263.07 622.10 Td (value ) Tj ET Q q 0 0 0 rg BT 286.82 622.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 342.22 622.10 Td (falls ) Tj ET Q q 0 0 0 rg BT 361.54 622.10 Td (is ) Tj ET Q q 0 0 0 rg BT 370.30 622.10 Td (based ) Tj ET Q q 0 0 0 rg BT 395.16 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.25 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.57 622.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 449.77 622.10 Td (level ) Tj ET Q q 0 0 0 rg BT 471.29 622.10 Td (input ) Tj ET Q q 0 0 0 rg BT 493.95 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.03 622.10 Td (is ) Tj ET Q q 0 0 0 rg BT 519.80 622.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.31 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.06 610.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 91.46 610.10 Td (value ) Tj ET Q q 0 0 0 rg BT 115.65 610.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 171.49 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.80 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 193.78 610.10 Td (entirety) Tj ET Q q 0 0 0 rg BT 223.67 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 228.52 610.10 Td (The ) Tj ET Q q 0 0 0 rg BT 246.60 610.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 293.71 610.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 340.68 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.54 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.29 610.10 Td (significance ) Tj ET Q q 0 0 0 rg BT 417.13 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.99 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.96 610.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 475.80 610.10 Td (input ) Tj ET Q q 0 0 0 rg BT 498.89 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.20 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.94 610.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.35 610.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 105.81 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.09 598.10 Td (its ) Tj ET Q q 0 0 0 rg BT 128.04 598.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 161.08 598.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 195.79 598.10 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 238.56 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.50 598.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 295.77 598.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 325.47 598.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 359.07 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.35 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.06 598.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 406.00 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.83 598.10 Td (liability) Tj ET Q q 0 0 0 rg BT 447.29 598.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 82.36 574.10 Td (market ) Tj ET Q q 0 0 0 rg BT 113.05 574.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 139.85 574.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.98 574.10 Td (used ) Tj ET Q q 0 0 0 rg BT 176.24 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.94 574.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 223.18 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.32 574.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 255.12 574.10 Td (value ) Tj ET Q q 0 0 0 rg BT 279.70 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.96 574.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 338.30 574.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 381.49 574.10 Td (which ) Tj ET Q q 0 0 0 rg BT 408.85 574.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.98 574.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 453.56 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 463.70 574.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 480.50 574.10 Td (value ) Tj ET Q q 0 0 0 rg BT 505.08 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.00 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.37 574.10 Td (recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.47 538.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.28 538.10 Td (value ) Tj ET Q q 0 0 0 rg BT 109.86 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.11 538.10 Td (total ) Tj ET Q q 0 0 0 rg BT 141.81 538.10 Td (return ) Tj ET Q q 0 0 0 rg BT 168.62 538.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 196.54 538.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 223.91 538.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.50 538.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 276.96 538.10 Td (using ) Tj ET Q q 0 0 0 rg BT 301.55 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.70 538.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 348.51 538.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 375.31 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.57 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.71 538.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 447.96 538.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 472.56 538.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 502.97 538.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 544.79 538.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (since ) Tj ET Q q 0 0 0 rg BT 73.05 526.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 112.76 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.70 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.41 526.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.35 526.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 193.83 526.10 Td (char) Tj ET Q q 0 0 0 rg BT 210.86 526.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 227.80 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.30 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.01 526.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 304.90 526.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.70 502.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.73 502.10 Td (values ) Tj ET Q q 0 0 0 rg BT 111.43 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.91 502.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 153.50 502.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 170.63 502.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 197.23 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.82 502.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 247.62 502.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 287.53 502.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 325.78 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 340.13 502.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 382.81 502.10 Td (using ) Tj ET Q q 0 0 0 rg BT 406.64 502.10 Td (well-established ) Tj ET Q q 0 0 0 rg BT 473.77 502.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 524.79 502.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 95.26 490.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 127.20 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.48 490.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 181.62 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 201.88 490.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 226.61 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.54 490.10 Td (LIBOR, ) Tj ET Q q 0 0 0 rg BT 278.54 490.10 Td (NIBOR ) Tj ET Q q 0 0 0 rg BT 312.16 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.10 490.10 Td (STIBOR ) Tj ET Q q 0 0 0 rg BT 367.16 490.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 399.09 490.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 420.47 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 431.30 490.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.13 490.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.71 490.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.71 490.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 466.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 85.13 466.10 Td (value ) Tj ET Q q 0 0 0 rg BT 109.63 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.81 466.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.21 466.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 187.04 466.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 236.56 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.08 466.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 289.45 466.10 Td (using ) Tj ET Q q 0 0 0 rg BT 313.97 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.04 466.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 360.78 466.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 387.51 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.69 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.75 466.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 459.93 466.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 503.04 466.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 544.78 466.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (since ) Tj ET Q q 0 0 0 rg BT 73.05 454.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 112.76 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.70 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.41 454.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.35 454.10 Td (char) Tj ET Q q 0 0 0 rg BT 193.37 454.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 210.31 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.81 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.53 454.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 287.41 454.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 430.10 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.99 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.31 430.10 Td (V) Tj ET Q q 0 0 0 rg BT 98.61 430.10 Td (ariable ) Tj ET Q q 0 0 0 rg BT 131.11 430.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 152.59 430.10 Td (est ) Tj ET Q q 0 0 0 rg BT 166.75 430.10 Td (Entities ) Tj ET Q q 0 0 0 rg BT 202.03 430.10 Td (\(VIEs\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.03 406.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.28 406.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 131.28 406.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.28 406.10 Td (, ) Tj ET Q q 0 0 0 rg BT 155.70 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.84 406.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.64 406.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 237.55 406.10 Td (two ) Tj ET Q q 0 0 0 rg BT 254.47 406.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 326.93 406.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 346.35 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.71 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.06 406.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 400.97 406.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 413.99 406.10 Td (from ) Tj ET Q q 0 0 0 rg BT 435.21 406.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 457.68 406.10 Td (under ) Tj ET Q q 0 0 0 rg BT 482.37 406.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 513.71 406.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 542.01 406.10 Td (Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.68 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.24 394.10 Td (units ) Tj ET Q q 0 0 0 rg BT 97.04 394.10 Td (had ) Tj ET Q q 0 0 0 rg BT 113.83 394.10 Td (been ) Tj ET Q q 0 0 0 rg BT 135.05 394.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 154.07 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 166.42 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.99 394.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.22 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.35 394.10 Td (single ) Tj ET Q q 0 0 0 rg BT 258.58 394.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 292.59 394.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 342.16 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.84 394.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 373.53 394.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 407.53 394.10 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 423.76 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.55 394.10 Td (simultaneously ) Tj ET Q q 0 0 0 rg BT 503.45 394.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 530.79 394.10 Td (back ) Tj ET Q q 0 0 0 rg BT 552.01 394.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 382.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 105.11 382.10 Td (on ) Tj ET Q q 0 0 0 rg BT 117.11 382.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 153.54 382.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 183.29 382.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 221.39 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 235.05 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.49 382.10 Td (term ) Tj ET Q q 0 0 0 rg BT 261.82 382.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 382.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.15 382.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 309.61 382.10 Td (The ) Tj ET Q q 0 0 0 rg BT 327.16 382.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.04 382.10 Td (has ) Tj ET Q q 0 0 0 rg BT 383.38 382.10 Td (several ) Tj ET Q q 0 0 0 rg BT 413.69 382.10 Td (options ) Tj ET Q q 0 0 0 rg BT 445.14 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.92 382.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 500.23 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.45 382.10 Td (units ) Tj ET Q q 0 0 0 rg BT 535.90 382.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 370.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 94.97 370.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 129.41 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.35 370.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 193.29 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.57 370.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 241.61 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.32 370.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 282.15 370.10 Td (at ) Tj ET Q q 0 0 0 rg BT 291.87 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.59 370.10 Td (end ) Tj ET Q q 0 0 0 rg BT 323.53 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.36 370.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.07 370.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.07 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.57 370.10 Td (year ) Tj ET Q q 0 0 0 rg BT 381.28 370.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 403.76 370.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 346.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 346.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 346.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 154.98 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.91 346.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 201.63 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.46 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.18 346.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 245.22 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.16 346.10 Td (leaseback ) Tj ET Q q 0 0 0 rg BT 303.53 346.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 362.39 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 373.22 346.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.05 346.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 442.63 346.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.63 346.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 267.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 121.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.50 267.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 267.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 267.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 267.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 267.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 267.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 267.60 61.00 -14.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 286.28 Td (Unit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.60 296.28 Td (Effective) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.00 286.28 Td (fr) Tj ET Q q 0 0 0 rg BT 152.59 286.28 Td (om) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.95 306.28 Td (Sale value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.95 296.28 Td (\(In US$ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.85 286.28 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.70 326.28 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.25 316.28 Td (r) Tj ET Q q 0 0 0 rg BT 273.51 316.28 Td (epur) Tj ET Q q 0 0 0 rg BT 293.33 316.28 Td (chase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.35 306.28 Td (option) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.45 296.28 Td (\(In US$ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.35 286.28 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 306.28 Td (Month of first) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.75 296.28 Td (r) Tj ET Q q 0 0 0 rg BT 351.01 296.28 Td (epur) Tj ET Q q 0 0 0 rg BT 370.83 296.28 Td (chase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.85 286.28 Td (option) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.55 326.28 Td (Last) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.25 316.28 Td (r) Tj ET Q q 0 0 0 rg BT 428.51 316.28 Td (epur) Tj ET Q q 0 0 0 rg BT 448.33 316.28 Td (chase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.60 306.28 Td (option *) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.45 296.28 Td (\(In US$ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.35 286.28 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.60 316.28 Td (Month of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 306.28 Td (last) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.75 296.28 Td (r) Tj ET Q q 0 0 0 rg BT 501.01 296.28 Td (epur) Tj ET Q q 0 0 0 rg BT 520.83 296.28 Td (chase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.70 286.28 Td (Option *) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 272.16 Td (West Taurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.60 272.17 Td (Nov 2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 272.17 Td (850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 272.17 Td (418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.75 272.17 Td (Feb 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 272.17 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.60 272.17 Td (Nov 2023) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 258.16 Td (West Hercules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.75 258.17 Td (Oct2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 258.17 Td (850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 258.17 Td (580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 258.17 Td (Aug 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 258.17 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.60 258.17 Td (Aug 2023) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 244.16 Td (West Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.05 244.17 Td (June 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 244.17 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 244.17 Td (370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.05 244.17 Td (June 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 244.17 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.05 244.17 Td (June 2028) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (* ) Tj ET Q q 0 0 0 rg BT 57.25 216.10 Td (For ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.38 216.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.80 216.10 Td (est ) Tj ET Q q 0 0 0 rg BT 94.15 216.10 Td (T) Tj ET Q q 0 0 0 rg BT 98.79 216.10 Td (aurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.58 216.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.82 216.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 140.51 216.10 Td (W) Tj ET Q q 0 0 0 rg BT 147.92 216.10 Td (est ) Tj ET Q q 0 0 0 rg BT 161.27 216.10 Td (Her) Tj ET Q q 0 0 0 rg BT 176.46 216.10 Td (cules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.00 216.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.25 216.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 244.80 216.10 Td (options ) Tj ET Q q 0 0 0 rg BT 276.49 216.10 Td (at ) Tj ET Q q 0 0 0 rg BT 285.96 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.42 216.10 Td (end ) Tj ET Q q 0 0 0 rg BT 317.10 216.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.68 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.14 216.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 364.38 216.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 388.84 216.10 Td (have ) Tj ET Q q 0 0 0 rg BT 409.96 216.10 Td (been ) Tj ET Q q 0 0 0 rg BT 431.08 216.10 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 462.48 216.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.94 216.10 Td ($149 ) Tj ET Q q 0 0 0 rg BT 494.18 216.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.08 216.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.32 216.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 216.10 Td ($135 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 204.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.89 204.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 131.55 204.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.55 204.10 Td (For ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 152.94 204.10 Td (W) Tj ET Q q 0 0 0 rg BT 160.36 204.10 Td (est ) Tj ET Q q 0 0 0 rg BT 173.96 204.10 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.20 204.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.70 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.41 204.10 Td (put ) Tj ET Q q 0 0 0 rg BT 228.69 204.10 Td (option ) Tj ET Q q 0 0 0 rg BT 256.75 204.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.92 204.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 288.42 204.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.31 204.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.30 180.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.95 180.10 Td (has ) Tj ET Q q 0 0 0 rg BT 126.04 180.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 173.78 180.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.53 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.50 180.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 227.60 180.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 262.01 180.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 314.49 180.10 Td (which ) Tj ET Q q 0 0 0 rg BT 341.68 180.10 Td (own ) Tj ET Q q 0 0 0 rg BT 361.66 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.64 180.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 401.34 180.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.31 180.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 451.27 180.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 483.46 180.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 515.10 180.10 Td (\(VIEs\), ) Tj ET Q q 0 0 0 rg BT 547.57 180.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.77 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.76 168.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.42 168.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.87 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.86 168.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 183.29 168.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 231.04 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.14 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.13 168.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 278.80 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.01 168.10 Td (rewards ) Tj ET Q q 0 0 0 rg BT 330.44 168.10 Td (connected ) Tj ET Q q 0 0 0 rg BT 373.74 168.10 Td (with ) Tj ET Q q 0 0 0 rg BT 394.30 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.29 168.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 453.72 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.83 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.82 168.10 Td (units ) Tj ET Q q 0 0 0 rg BT 502.04 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.26 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.25 168.10 Td (charter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 90.55 156.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 139.89 156.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.91 156.10 Td (these ) Tj ET Q q 0 0 0 rg BT 167.79 156.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 190.85 156.10 Td (are ) Tj ET Q q 0 0 0 rg BT 205.58 156.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 226.98 156.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 280.04 156.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.33 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.07 156.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 352.16 156.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 405.22 156.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.72 156.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 489.76 156.10 Td (The ) Tj ET Q q 0 0 0 rg BT 507.83 156.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 549.23 156.10 Td (did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.44 144.10 Td (record ) Tj ET Q q 0 0 0 rg BT 93.65 144.10 Td (any ) Tj ET Q q 0 0 0 rg BT 110.75 144.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 134.52 144.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.63 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.51 144.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 189.72 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.71 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.60 144.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 240.21 144.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.21 144.10 Td (they ) Tj ET Q q 0 0 0 rg BT 271.09 144.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 313.19 144.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.63 144.10 Td (be ) Tj ET Q q 0 0 0 rg BT 335.73 144.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 371.71 144.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.71 144.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 408.70 144.10 Td (at ) Tj ET Q q 0 0 0 rg BT 418.58 144.10 Td (their ) Tj ET Q q 0 0 0 rg BT 439.58 144.10 Td (original ) Tj ET Q q 0 0 0 rg BT 473.34 144.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 492.12 144.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.56 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 144.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.31 132.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 106.64 132.10 Td (at ) Tj ET Q q 0 0 0 rg BT 116.64 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.64 132.10 Td (time ) Tj ET Q q 0 0 0 rg BT 152.19 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.30 132.10 Td (each ) Tj ET Q q 0 0 0 rg BT 184.40 132.10 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 233.35 132.10 Td (The ) Tj ET Q q 0 0 0 rg BT 251.68 132.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 279.45 132.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 327.77 132.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.33 132.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 359.45 132.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 393.89 132.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.44 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.24 132.10 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 442.57 132.10 Td (is ) Tj ET Q q 0 0 0 rg BT 452.02 132.10 Td (included ) Tj ET Q q 0 0 0 rg BT 489.24 132.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.80 132.10 Td (non-controlling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 85.85 120.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.15 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.88 120.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 157.98 120.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 211.05 120.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 250.50 120.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.02 120.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 321.62 120.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.62 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.14 120.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.10 120.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.84 120.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 429.45 120.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.45 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.97 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.71 120.10 Td (units ) Tj ET Q q 0 0 0 rg BT 488.67 120.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.40 120.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 539.24 120.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.94 108.10 Td (units ) Tj ET Q q 0 0 0 rg BT 103.89 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.17 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.89 108.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 175.97 108.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 209.00 108.10 Td (sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.71 84.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 104.29 84.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 134.21 84.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 155.25 84.10 Td (are ) Tj ET Q q 0 0 0 rg BT 169.62 84.10 Td (set ) Tj ET Q q 0 0 0 rg BT 182.89 84.10 Td (on ) Tj ET Q q 0 0 0 rg BT 195.05 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.43 84.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 231.59 84.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.08 84.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.69 84.10 Td (Base ) Tj ET Q q 0 0 0 rg BT 270.29 84.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 302.45 84.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 334.60 84.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 355.08 84.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.91 84.10 Td (each ) Tj ET Q q 0 0 0 rg BT 389.38 84.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 425.97 84.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 455.88 84.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 492.75 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.35 84.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 549.81 84.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.80 72.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.94 72.10 Td (dif) Tj ET Q q 0 0 0 rg BT 110.87 72.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 146.65 72.10 Td (between ) Tj ET Q q 0 0 0 rg BT 182.45 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.14 72.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 229.62 72.10 Td (fixing ) Tj ET Q q 0 0 0 rg BT 255.98 72.10 Td (each ) Tj ET Q q 0 0 0 rg BT 276.78 72.10 Td (month ) Tj ET Q q 0 0 0 rg BT 304.81 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.73 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.42 72.10 Td (Base ) Tj ET Q q 0 0 0 rg BT 358.34 72.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 390.82 72.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 423.28 72.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 444.08 72.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.22 72.10 Td (each ) Tj ET Q q 0 0 0 rg BT 479.02 72.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 515.65 72.10 Td (A) Tj ET Q q 0 0 0 rg BT 522.32 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.80 72.10 Td (summary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 60.10 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 112.47 60.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 142.72 60.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 164.10 60.10 Td (per ) Tj ET Q q 0 0 0 rg BT 179.37 60.10 Td (day ) Tj ET Q q 0 0 0 rg BT 196.31 60.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.47 60.10 Td (each ) Tj ET Q q 0 0 0 rg BT 231.28 60.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 249.34 60.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.51 60.10 Td (given ) Tj ET Q q 0 0 0 rg BT 283.23 60.10 Td (below) Tj ET Q q 0 0 0 rg BT 307.02 60.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td () Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-32) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 710.50 242.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 710.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 710.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 710.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 710.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 710.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 710.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 710.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 710.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 710.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 710.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 682.50 242.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 682.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 682.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 682.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 682.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 682.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 682.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 682.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 682.50 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 682.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 682.50 50.00 -14.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 729.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.60 729.18 Td (\(In US$ thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 715.23 Td (Unit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.00 715.18 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.00 715.18 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 715.18 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.00 715.18 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 715.18 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 701.06 Td (West Taurus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 701.07 Td (340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 701.07 Td (186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 701.07 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 701.07 Td (158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 701.07 Td (158) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 687.06 Td (West Hercules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 687.07 Td (239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 687.07 Td (180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 687.07 Td (179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 687.07 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 687.07 Td (166) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 673.06 Td (West Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 673.07 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 673.07 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 673.07 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 673.07 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 673.07 Td (222) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 645.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 645.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 93.88 645.00 Td (and ) Tj ET Q q 0 0 0 rg BT 110.82 645.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 150.53 645.00 Td (in ) Tj ET Q q 0 0 0 rg BT 160.81 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.53 645.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 213.01 645.00 Td (of ) Tj ET Q q 0 0 0 rg BT 223.84 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 238.38 645.00 Td (VIEs ) Tj ET Q q 0 0 0 rg BT 261.43 645.00 Td (as ) Tj ET Q q 0 0 0 rg BT 272.26 645.00 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.98 645.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 340.56 645.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.56 645.00 Td ( ) Tj ET Q q 0 0 0 rg BT 363.06 645.00 Td (and ) Tj ET Q q 0 0 0 rg BT 380.00 645.00 Td (as ) Tj ET Q q 0 0 0 rg BT 390.83 645.00 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.55 645.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 459.13 645.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.13 645.00 Td ( ) Tj ET Q q 0 0 0 rg BT 481.63 645.00 Td (are ) Tj ET Q q 0 0 0 rg BT 496.34 645.00 Td (as ) Tj ET Q q 0 0 0 rg BT 507.17 645.00 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.50 116.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 574.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 574.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 574.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 574.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 574.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 574.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 574.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 574.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 574.50 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 574.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 574.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 574.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 574.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 574.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 574.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 574.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 537.50 116.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 537.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 537.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 537.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 537.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 537.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 537.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 537.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 537.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 537.50 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 537.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 537.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 537.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 537.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 537.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 537.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 537.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 500.50 116.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 500.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 500.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 500.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 500.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 500.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 500.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 500.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 500.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 500.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 500.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 500.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 500.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 500.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 500.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 500.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 500.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.50 116.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 463.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 463.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 463.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 463.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 463.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 463.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 463.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 463.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 463.50 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 463.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 463.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 463.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 463.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 463.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 463.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 463.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 426.50 116.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 426.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 426.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 426.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 426.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 426.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 426.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 426.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 426.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 426.50 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 426.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 426.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 426.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 426.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 426.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 426.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 426.50 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.50 116.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 380.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 380.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 380.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 380.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 380.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 380.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 380.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 380.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 380.50 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 380.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 380.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 380.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 380.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 380.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 380.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 380.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 352.50 116.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 352.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 352.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 352.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 352.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 352.50 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 352.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 352.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 352.50 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 352.50 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 608.5 m 215.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 608.5 m 219.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 608.5 m 264.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 608.5 m 268.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 608.5 m 313.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 608.5 m 317.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 608.5 m 362.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 608.5 m 415.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 608.5 m 419.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 608.5 m 464.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 608.5 m 468.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 608.5 m 513.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 608.5 m 517.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 608.5 m 562.5 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 500.5 m 166.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 486.5 m 166.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 500.5 m 170.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 486.5 m 170.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 500.5 m 215.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 486.5 m 215.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 500.5 m 219.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 486.5 m 219.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 500.5 m 264.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 486.5 m 264.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 500.5 m 268.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 486.5 m 268.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 500.5 m 313.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 486.5 m 313.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 500.5 m 317.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 486.5 m 317.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 500.5 m 362.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 486.5 m 362.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 500.5 m 415.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 486.5 m 415.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 500.5 m 419.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 486.5 m 419.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 500.5 m 464.5 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 486.5 m 464.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 500.5 m 468.5 500.5 l 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0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 380.5 m 219.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 366.5 m 219.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 380.5 m 264.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 366.5 m 264.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 380.5 m 268.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 366.5 m 268.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 380.5 m 313.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 366.5 m 313.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 380.5 m 317.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 366.5 m 317.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 380.5 m 362.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 366.5 m 362.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 380.5 m 415.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 366.5 m 415.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 380.5 m 419.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 366.5 m 419.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 380.5 m 464.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 366.5 m 464.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 380.5 m 468.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 366.5 m 468.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 380.5 m 513.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 366.5 m 513.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 380.5 m 517.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 366.5 m 517.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 380.5 m 562.5 380.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 366.5 m 562.5 366.5 l s 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0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 352.5 m 513.5 352.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 352.5 m 517.5 352.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 352.5 m 562.5 352.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 613.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.70 613.90 Td (December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.70 613.90 Td (December 31, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 599.76 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 590.75 Td (\(In US$ millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.95 599.76 Td (SFL West) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.95 590.76 Td (Polaris) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.50 581.76 Td (Limited**) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.80 599.76 Td (SFL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 590.76 Td (Deepwater) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.50 581.76 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.80 599.76 Td (SFL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.00 590.76 Td (Hercules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.50 581.76 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.80 599.76 Td (SFL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.45 590.76 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.50 581.76 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.95 599.76 Td (SFL West) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.95 590.76 Td (Polaris) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 581.76 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.80 599.76 Td (SFL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 590.76 Td (Deepwater) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.50 581.76 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.80 599.76 Td (SFL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 590.76 Td (Hercules) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.50 581.76 Td (Limited) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.80 599.76 Td (SFL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.45 590.76 Td (Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.50 581.76 Td (Limited) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 116.50 565.75 Td (Name of unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 195.30 565.75 Td (West) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 185.45 556.75 Td (Polaris) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.30 565.75 Td (West) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.30 556.75 Td (Taurus) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 293.30 565.75 Td (West) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.80 556.75 Td (Hercules) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 320.05 565.75 Td (West Linus) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.30 565.75 Td (West) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.45 556.75 Td (Polaris) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.30 565.75 Td (West) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.30 556.75 Td (Taurus) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.30 565.75 Td (West) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.80 556.75 Td (Hercules) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.05 565.75 Td (West Linus) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 542.76 Td (Investment in finance lease) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 542.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 542.76 Td (429) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 542.76 Td (426) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 542.76 Td (574) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 542.76 Td (488) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 542.76 Td (515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 542.76 Td (477) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 542.76 Td (195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 528.76 Td (Amount due from related) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 519.76 Td (parties *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 528.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.00 528.76 Td (45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 528.76 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 528.76 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 528.76 Td (45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.00 528.76 Td (30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 528.76 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 528.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 505.76 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 505.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.00 505.76 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 505.76 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 505.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 505.76 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.00 505.76 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 505.76 Td (10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 505.76 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 491.90 Td (Total assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 184.95 491.90 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.50 491.90 Td (487) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.50 491.90 Td (441) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.50 491.90 Td (588) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.50 491.90 Td (538) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.50 491.90 Td (558) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.50 491.90 Td (512) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 491.90 Td (195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 477.76 Td (Short-term interest bearing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 468.76 Td (debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 477.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.00 477.76 Td (32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 477.76 Td (28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 477.76 Td (51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 477.76 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.00 477.76 Td (80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 477.76 Td (28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 477.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 454.76 Td (Long-term interest bearing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 445.76 Td (debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 454.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 454.76 Td (271) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 454.76 Td (256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 454.76 Td (400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 454.76 Td (351) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 454.76 Td (303) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 454.76 Td (333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 454.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 431.76 Td (Other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 431.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.50 431.76 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 431.76 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 354.50 431.76 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 431.76 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.50 431.76 Td (6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 431.76 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 431.76 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 417.76 Td (Short-term debt due to related) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 408.76 Td (parties *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 417.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.00 417.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 417.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 417.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 417.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.00 417.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 417.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 417.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 394.76 Td (Long-term debt due to related) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 385.76 Td (parties *) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 394.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 394.76 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 394.76 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 394.76 Td (125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 394.76 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 394.76 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 394.76 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 394.76 Td (195) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 371.90 Td (Total liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 184.95 371.90 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.50 371.90 Td (454) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.50 371.90 Td (430) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.50 371.90 Td (579) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.50 371.90 Td (534) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.50 371.90 Td (534) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 496.50 371.90 Td (508) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.50 371.90 Td (197) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 357.90 Td (Equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 184.95 357.90 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 252.00 357.90 Td (33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.00 357.90 Td (11) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.50 357.90 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.50 357.90 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.00 357.90 Td (24) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 505.50 357.90 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 551.50 357.90 Td (\(2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 357.90 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 328.76 Td (Book value of units in the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 319.76 Td (Company's consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 310.76 Td (accounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.95 328.76 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.50 328.76 Td (450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 328.76 Td (603) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 328.76 Td (581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 328.76 Td (577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 328.76 Td (458) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 328.76 Td (617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 328.76 Td (162) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.00 Td (* In the ) Tj ET Q q 0 0 0 rg BT 82.87 294.00 Td (VIEs separate financial statements the related party balances are presented on a net basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.00 Td (** Refer to ") Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.57 282.00 Td (W) Tj ET Q q 0 0 0 rg BT 108.98 282.00 Td (est Polaris acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.98 282.00 Td (" discussion below) Tj ET Q q 0 0 0 rg BT 273.52 282.00 Td (.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 256.43505859375 m 149.2724609375 256.43505859375 l s q 0 0 0 rg BT 50.00 258.00 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 258.00 Td (est Polaris acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.00 Td (On ) Tj ET Q q 0 0 0 rg BT 64.71 234.00 Td (December ) Tj ET Q q 0 0 0 rg BT 108.28 234.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 123.26 234.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 145.75 234.00 Td (we ) Tj ET Q q 0 0 0 rg BT 159.89 234.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 191.80 234.00 Td (into ) Tj ET Q q 0 0 0 rg BT 209.84 234.00 Td (a ) Tj ET Q q 0 0 0 rg BT 216.77 234.00 Td (share ) Tj ET Q q 0 0 0 rg BT 240.35 234.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 258.38 234.00 Td (and ) Tj ET Q q 0 0 0 rg BT 275.31 234.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 313.33 234.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 357.46 234.00 Td (with ) Tj ET Q q 0 0 0 rg BT 377.72 234.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 398.54 234.00 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 435.19 234.00 Td (where ) Tj ET Q q 0 0 0 rg BT 462.10 234.00 Td (we ) Tj ET Q q 0 0 0 rg BT 476.25 234.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 513.15 234.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 538.97 234.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 234.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 78.50 222.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 115.33 222.00 Td (in ) Tj ET Q q 0 0 0 rg BT 126.62 222.00 Td (SFL) Tj ET Q q 0 0 0 rg BT 143.48 222.00 Td ( ) Tj ET Q q 0 0 0 rg BT 146.73 222.00 Td (W) Tj ET Q q 0 0 0 rg BT 155.37 222.00 Td (est ) Tj ET Q q 0 0 0 rg BT 169.99 222.00 Td (Polaris ) Tj ET Q q 0 0 0 rg BT 201.27 222.00 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 238.94 222.00 Td (which ) Tj ET Q q 0 0 0 rg BT 266.89 222.00 Td (was ) Tj ET Q q 0 0 0 rg BT 285.95 222.00 Td (the ) Tj ET Q q 0 0 0 rg BT 301.67 222.00 Td (owner ) Tj ET Q q 0 0 0 rg BT 330.17 222.00 Td (of ) Tj ET Q q 0 0 0 rg BT 341.75 222.00 Td (W) Tj ET Q q 0 0 0 rg BT 350.39 222.00 Td (est ) Tj ET Q q 0 0 0 rg BT 365.00 222.00 Td (Polaris. ) Tj ET Q q 0 0 0 rg BT 398.79 222.00 Td ( ) Tj ET Q q 0 0 0 rg BT 402.30 222.00 Td (In ) Tj ET Q q 0 0 0 rg BT 414.13 222.00 Td (addition ) Tj ET Q q 0 0 0 rg BT 450.42 222.00 Td (the ) Tj ET Q q 0 0 0 rg BT 466.14 222.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 508.53 222.00 Td (purchased ) Tj ET Q q 0 0 0 rg BT 552.58 222.00 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 100.12 210.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 120.79 210.00 Td (of ) Tj ET Q q 0 0 0 rg BT 132.57 210.00 Td (SFL) Tj ET Q q 0 0 0 rg BT 149.43 210.00 Td ( ) Tj ET Q q 0 0 0 rg BT 152.63 210.00 Td (W) Tj ET Q q 0 0 0 rg BT 161.27 210.00 Td (est ) Tj ET Q q 0 0 0 rg BT 175.83 210.00 Td (Polaris ) Tj ET Q q 0 0 0 rg BT 207.06 210.00 Td (Limited ) Tj ET Q q 0 0 0 rg BT 242.17 210.00 Td (of ) Tj ET Q q 0 0 0 rg BT 253.95 210.00 Td ($97m ) Tj ET Q q 0 0 0 rg BT 280.19 210.00 Td (from ) Tj ET Q q 0 0 0 rg BT 303.08 210.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 324.87 210.00 Td (Finance. ) Tj ET Q q 0 0 0 rg BT 362.23 210.00 Td (The ) Tj ET Q q 0 0 0 rg BT 381.22 210.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 428.56 210.00 Td (price ) Tj ET Q q 0 0 0 rg BT 452.00 210.00 Td (for ) Tj ET Q q 0 0 0 rg BT 467.11 210.00 Td (the ) Tj ET Q q 0 0 0 rg BT 482.78 210.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 511.22 210.00 Td (and ) Tj ET Q q 0 0 0 rg BT 529.11 210.00 Td (the ) Tj ET Q q 0 0 0 rg BT 544.78 210.00 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.00 Td (amounted ) Tj ET Q q 0 0 0 rg BT 92.68 198.00 Td (to ) Tj ET Q q 0 0 0 rg BT 103.70 198.00 Td ($1) Tj ET Q q 0 0 0 rg BT 113.33 198.00 Td (1) Tj ET Q q 0 0 0 rg BT 117.96 198.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 126.20 198.00 Td (million. ) Tj ET Q q 0 0 0 rg BT 160.60 198.00 Td (This ) Tj ET Q q 0 0 0 rg BT 181.62 198.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 228.74 198.00 Td (is ) Tj ET Q q 0 0 0 rg BT 238.65 198.00 Td (accounted ) Tj ET Q q 0 0 0 rg BT 282.43 198.00 Td (for ) Tj ET Q q 0 0 0 rg BT 297.33 198.00 Td (as ) Tj ET Q q 0 0 0 rg BT 308.91 198.00 Td (an ) Tj ET Q q 0 0 0 rg BT 321.59 198.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 349.83 198.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 396.94 198.00 Td (and ) Tj ET Q q 0 0 0 rg BT 414.62 198.00 Td (no ) Tj ET Q q 0 0 0 rg BT 427.87 198.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 448.33 198.00 Td (or ) Tj ET Q q 0 0 0 rg BT 459.90 198.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 478.71 198.00 Td (is ) Tj ET Q q 0 0 0 rg BT 488.62 198.00 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 538.23 198.00 Td ( ) Tj ET Q q 0 0 0 rg BT 541.47 198.00 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.00 Td (controlling ) Tj ET Q q 0 0 0 rg BT 95.59 186.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 126.74 186.00 Td (of ) Tj ET Q q 0 0 0 rg BT 136.78 186.00 Td ($8m ) Tj ET Q q 0 0 0 rg BT 156.28 186.00 Td (has ) Tj ET Q q 0 0 0 rg BT 171.32 186.00 Td (been ) Tj ET Q q 0 0 0 rg BT 191.91 186.00 Td (derecognized, ) Tj ET Q q 0 0 0 rg BT 249.42 186.00 Td (with ) Tj ET Q q 0 0 0 rg BT 268.91 186.00 Td (the ) Tj ET Q q 0 0 0 rg BT 282.84 186.00 Td (residual ) Tj ET Q q 0 0 0 rg BT 316.21 186.00 Td ($6 ) Tj ET Q q 0 0 0 rg BT 327.92 186.00 Td (million ) Tj ET Q q 0 0 0 rg BT 358.53 186.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 404.10 186.00 Td (as ) Tj ET Q q 0 0 0 rg BT 414.15 186.00 Td (a ) Tj ET Q q 0 0 0 rg BT 420.30 186.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 459.77 186.00 Td (in ) Tj ET Q q 0 0 0 rg BT 469.27 186.00 Td (equity) Tj ET Q q 0 0 0 rg BT 493.61 186.00 Td (. ) Tj ET Q q 0 0 0 rg BT 497.82 186.00 Td ( ) Tj ET Q q 0 0 0 rg BT 499.16 186.00 Td (As ) Tj ET Q q 0 0 0 rg BT 511.98 186.00 Td (at ) Tj ET Q q 0 0 0 rg BT 520.91 186.00 Td (December ) Tj ET Q q 0 0 0 rg BT 564.50 186.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.31 174.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 90.62 174.00 Td (the ) Tj ET Q q 0 0 0 rg BT 105.65 174.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 162.33 174.00 Td (for ) Tj ET Q q 0 0 0 rg BT 176.81 174.00 Td (the ) Tj ET Q q 0 0 0 rg BT 191.83 174.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 219.64 174.00 Td (and ) Tj ET Q q 0 0 0 rg BT 236.89 174.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 256.92 174.00 Td (was ) Tj ET Q q 0 0 0 rg BT 275.28 174.00 Td (unpaid, ) Tj ET Q q 0 0 0 rg BT 307.81 174.00 Td (and ) Tj ET Q q 0 0 0 rg BT 325.06 174.00 Td (was ) Tj ET Q q 0 0 0 rg BT 343.42 174.00 Td (settled ) Tj ET Q q 0 0 0 rg BT 372.33 174.00 Td (on ) Tj ET Q q 0 0 0 rg BT 385.15 174.00 Td (January ) Tj ET Q q 0 0 0 rg BT 419.06 174.00 Td (5, ) Tj ET Q q 0 0 0 rg BT 429.37 174.00 Td (2015. ) Tj ET Q q 0 0 0 rg BT 454.68 174.00 Td ( ) Tj ET Q q 0 0 0 rg BT 457.49 174.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 478.64 174.00 Td (Finance ) Tj ET Q q 0 0 0 rg BT 513.11 174.00 Td (continues ) Tj ET Q q 0 0 0 rg BT 554.25 174.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.71 162.00 Td (a ) Tj ET Q q 0 0 0 rg BT 89.30 162.00 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 130.32 162.00 Td (for ) Tj ET Q q 0 0 0 rg BT 144.14 162.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.52 162.00 Td (bank ) Tj ET Q q 0 0 0 rg BT 180.11 162.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 199.49 162.00 Td (which ) Tj ET Q q 0 0 0 rg BT 226.08 162.00 Td (is ) Tj ET Q q 0 0 0 rg BT 234.91 162.00 Td (held ) Tj ET Q q 0 0 0 rg BT 254.29 162.00 Td (by ) Tj ET Q q 0 0 0 rg BT 266.45 162.00 Td (SFL) Tj ET Q q 0 0 0 rg BT 283.31 162.00 Td ( ) Tj ET Q q 0 0 0 rg BT 285.31 162.00 Td (W) Tj ET Q q 0 0 0 rg BT 293.95 162.00 Td (est ) Tj ET Q q 0 0 0 rg BT 307.21 162.00 Td (Polaris ) Tj ET Q q 0 0 0 rg BT 337.15 162.00 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 373.47 162.00 Td (although ) Tj ET Q q 0 0 0 rg BT 410.62 162.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 443.88 162.00 Td (has ) Tj ET Q q 0 0 0 rg BT 459.37 162.00 Td (indemnified ) Tj ET Q q 0 0 0 rg BT 509.85 162.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 530.35 162.00 Td (Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.00 Td (against ) Tj ET Q q 0 0 0 rg BT 80.83 150.00 Td (any ) Tj ET Q q 0 0 0 rg BT 97.76 150.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 126.37 150.00 Td (made ) Tj ET Q q 0 0 0 rg BT 150.52 150.00 Td (against ) Tj ET Q q 0 0 0 rg BT 181.35 150.00 Td (Ship ) Tj ET Q q 0 0 0 rg BT 202.19 150.00 Td (Finance ) Tj ET Q q 0 0 0 rg BT 236.34 150.00 Td (under ) Tj ET Q q 0 0 0 rg BT 261.61 150.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.33 150.00 Td (guarantee.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 126.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 126.00 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 126.00 Td ( ) Tj ET Q q 0 0 0 rg BT 84.99 126.00 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 126.00 Td (Related ) Tj ET Q q 0 0 0 rg BT 127.76 126.00 Td (party ) Tj ET Q q 0 0 0 rg BT 153.59 126.00 Td (transactions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 102.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 84.73 102.00 Td (Partners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.00 Td (As ) Tj ET Q q 0 0 0 rg BT 64.64 78.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.49 78.00 Td (January2, ) Tj ET Q q 0 0 0 rg BT 121.12 78.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.12 78.00 Td (, ) Tj ET Q q 0 0 0 rg BT 147.14 78.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.88 78.00 Td (date ) Tj ET Q q 0 0 0 rg BT 183.06 78.00 Td (of ) Tj ET Q q 0 0 0 rg BT 194.92 78.00 Td (deconsolidation, ) Tj ET Q q 0 0 0 rg BT 264.26 78.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 298.89 78.00 Td (Partners ) Tj ET Q q 0 0 0 rg BT 335.18 78.00 Td (is ) Tj ET Q q 0 0 0 rg BT 345.38 78.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 392.21 78.00 Td (to ) Tj ET Q q 0 0 0 rg BT 403.52 78.00 Td (be ) Tj ET Q q 0 0 0 rg BT 416.48 78.00 Td (a ) Tj ET Q q 0 0 0 rg BT 424.44 78.00 Td (related ) Tj ET Q q 0 0 0 rg BT 455.17 78.00 Td (party ) Tj ET Q q 0 0 0 rg BT 479.24 78.00 Td (and ) Tj ET Q q 0 0 0 rg BT 497.20 78.00 Td (not ) Tj ET Q q 0 0 0 rg BT 513.51 78.00 Td (a ) Tj ET Q q 0 0 0 rg BT 521.47 78.00 Td (controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.00 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.61 66.00 Td (of ) Tj ET Q q 0 0 0 rg BT 104.44 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.16 66.00 Td (Company) Tj ET Q q 0 0 0 rg BT 157.39 66.00 Td (. ) Tj ET Q q 0 0 0 rg BT 162.39 66.00 Td ( ) Tj ET Q q 0 0 0 rg BT 164.71 66.00 Td (The ) Tj ET Q q 0 0 0 rg BT 182.76 66.00 Td (following ) Tj ET Q q 0 0 0 rg BT 224.15 66.00 Td (is ) Tj ET Q q 0 0 0 rg BT 233.32 66.00 Td (a ) Tj ET Q q 0 0 0 rg BT 240.25 66.00 Td (summary ) Tj ET Q q 0 0 0 rg BT 279.97 66.00 Td (of ) Tj ET Q q 0 0 0 rg BT 290.80 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 305.52 66.00 Td (related ) Tj ET Q q 0 0 0 rg BT 335.22 66.00 Td (party ) Tj ET Q q 0 0 0 rg BT 358.27 66.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 406.30 66.00 Td (with ) Tj ET Q q 0 0 0 rg BT 426.58 66.00 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 460.18 66.00 Td (Partners:) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-33) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 106.63 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.37 742.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 185.44 742.25 Td (service ) Tj ET Q q 0 0 0 rg BT 215.93 742.25 Td (agreements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 263.15 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.33 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 272.51 742.25 Td (In ) Tj ET Q q 0 0 0 rg BT 283.02 742.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 329.07 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 349.03 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.42 742.25 Td (IPO, ) Tj ET Q q 0 0 0 rg BT 384.22 742.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 433.61 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.12 742.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 477.40 742.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 514.85 742.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 546.45 742.25 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.51 730.25 Td (management ) Tj ET Q q 0 0 0 rg BT 111.68 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.19 730.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 189.47 730.25 Td (services ) Tj ET Q q 0 0 0 rg BT 224.76 730.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 269.47 730.25 Td (with ) Tj ET Q q 0 0 0 rg BT 290.33 730.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 324.50 730.25 Td (Management, ) Tj ET Q q 0 0 0 rg BT 382.28 730.25 Td (a ) Tj ET Q q 0 0 0 rg BT 389.79 730.25 Td (wholly ) Tj ET Q q 0 0 0 rg BT 420.65 730.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 450.38 730.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 494.57 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.97 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.26 730.25 Td (Company) Tj ET Q q 0 0 0 rg BT 559.50 730.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 88.12 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.59 718.25 Td (which ) Tj ET Q q 0 0 0 rg BT 127.71 718.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 162.50 718.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 218.39 718.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 256.51 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.42 718.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 307.20 718.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 343.66 718.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.55 718.25 Td (management ) Tj ET Q q 0 0 0 rg BT 429.32 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.44 718.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 508.34 718.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 546.46 718.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (services ) Tj ET Q q 0 0 0 rg BT 84.59 706.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 122.52 706.25 Td (by ) Tj ET Q q 0 0 0 rg BT 134.91 706.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 168.39 706.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 222.98 706.25 Td (are ) Tj ET Q q 0 0 0 rg BT 237.57 706.25 Td (char) Tj ET Q q 0 0 0 rg BT 254.60 706.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 271.42 706.25 Td (at ) Tj ET Q q 0 0 0 rg BT 281.02 706.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 299.52 706.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 318.57 706.25 Td (management ) Tj ET Q q 0 0 0 rg BT 372.04 706.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 386.63 706.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 410.67 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.84 706.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 436.55 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.26 706.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 480.75 706.25 Td (Management) Tj ET Q q 0 0 0 rg BT 535.73 706.25 Td (s ) Tj ET Q q 0 0 0 rg BT 542.01 706.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.82 694.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 107.31 694.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 144.01 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.17 694.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 202.43 694.25 Td (with ) Tj ET Q q 0 0 0 rg BT 223.59 694.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 265.86 694.25 Td (these ) Tj ET Q q 0 0 0 rg BT 289.80 694.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 327.64 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 346.58 694.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 391.60 694.25 Td (has ) Tj ET Q q 0 0 0 rg BT 408.32 694.25 Td (an ) Tj ET Q q 0 0 0 rg BT 421.14 694.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 447.86 694.25 Td (term ) Tj ET Q q 0 0 0 rg BT 469.57 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 484.61 694.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 493.00 694.25 Td (years ) Tj ET Q q 0 0 0 rg BT 517.48 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.31 694.25 Td (can ) Tj ET Q q 0 0 0 rg BT 552.57 694.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 95.26 682.25 Td (by ) Tj ET Q q 0 0 0 rg BT 107.76 682.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 149.15 682.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 161.65 682.25 Td (days ) Tj ET Q q 0 0 0 rg BT 182.48 682.25 Td (written ) Tj ET Q q 0 0 0 rg BT 213.30 682.25 Td (notice.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 658.25 Td (echnical ) Tj ET Q q 0 0 0 rg BT 91.85 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.08 658.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 169.63 658.25 Td (service ) Tj ET Q q 0 0 0 rg BT 199.61 658.25 Td (agreement) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 242.94 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.60 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.27 658.25 Td (In ) Tj ET Q q 0 0 0 rg BT 261.26 658.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 306.80 658.25 Td (with ) Tj ET Q q 0 0 0 rg BT 326.25 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.13 658.25 Td (IPO, ) Tj ET Q q 0 0 0 rg BT 360.41 658.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 409.29 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.28 658.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 452.05 658.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 486.48 658.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 517.57 658.25 Td (into ) Tj ET Q q 0 0 0 rg BT 534.79 658.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (advisory) Tj ET Q q 0 0 0 rg BT 83.79 646.25 Td (, ) Tj ET Q q 0 0 0 rg BT 89.46 646.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 128.72 646.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 157.44 646.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 217.82 646.25 Td (services ) Tj ET Q q 0 0 0 rg BT 253.20 646.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 301.90 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 322.85 646.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 373.24 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.74 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.13 646.25 Td (Company) Tj ET Q q 0 0 0 rg BT 438.36 646.25 Td (. ) Tj ET Q q 0 0 0 rg BT 443.81 646.25 Td (The ) Tj ET Q q 0 0 0 rg BT 462.52 646.25 Td (services ) Tj ET Q q 0 0 0 rg BT 497.90 646.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 536.62 646.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.79 646.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 634.25 Td (s ) Tj ET Q q 0 0 0 rg BT 97.09 634.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 145.84 634.25 Td (are ) Tj ET Q q 0 0 0 rg BT 159.58 634.25 Td (char) Tj ET Q q 0 0 0 rg BT 176.61 634.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 192.58 634.25 Td (at ) Tj ET Q q 0 0 0 rg BT 201.34 634.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 218.98 634.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 237.18 634.25 Td (service ) Tj ET Q q 0 0 0 rg BT 267.03 634.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 280.77 634.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 303.96 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.28 634.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 372.57 634.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 387.44 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.30 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.84 634.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 420.37 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.34 634.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 473.98 634.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 508.83 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.14 634.25 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 622.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 111.67 622.25 Td (these ) Tj ET Q q 0 0 0 rg BT 134.71 622.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 171.92 622.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.49 598.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 128.85 598.25 Td (under ) Tj ET Q q 0 0 0 rg BT 154.12 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.83 598.25 Td (above ) Tj ET Q q 0 0 0 rg BT 195.21 598.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 243.24 598.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 256.84 598.25 Td (& ) Tj ET Q q 0 0 0 rg BT 267.12 598.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 281.28 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 295.44 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.16 598.25 Td (period ) Tj ET Q q 0 0 0 rg BT 338.20 598.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.58 598.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 423.16 598.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.16 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 445.66 598.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.59 598.25 Td ($59 ) Tj ET Q q 0 0 0 rg BT 485.09 598.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.98 598.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (Rig ) Tj ET Q q 0 0 0 rg BT 68.05 574.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 114.47 574.25 Td (Agreements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.35 574.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.96 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.56 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.16 574.25 Td (In ) Tj ET Q q 0 0 0 rg BT 191.09 574.25 Td (September ) Tj ET Q q 0 0 0 rg BT 237.46 574.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 261.06 574.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 284.10 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.49 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.30 574.25 Td (IPO ) Tj ET Q q 0 0 0 rg BT 331.02 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.95 574.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 377.66 574.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 416.53 574.25 Td (each ) Tj ET Q q 0 0 0 rg BT 438.45 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.38 574.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 485.09 574.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 521.46 574.25 Td (controlled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 101.04 562.25 Td (that ) Tj ET Q q 0 0 0 rg BT 119.86 562.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 144.80 562.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 160.85 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 168.26 562.25 Td (est ) Tj ET Q q 0 0 0 rg BT 183.19 562.25 Td (Capricorn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.86 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 231.19 562.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.23 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 254.64 562.25 Td (est ) Tj ET Q q 0 0 0 rg BT 269.58 562.25 Td (V) Tj ET Q q 0 0 0 rg BT 274.58 562.25 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.79 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 313.11 562.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.16 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 336.57 562.25 Td (est ) Tj ET Q q 0 0 0 rg BT 351.23 562.25 Td (Aquarius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.90 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 394.22 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.49 562.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.53 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 435.94 562.25 Td (est ) Tj ET Q q 0 0 0 rg BT 450.88 562.25 Td (Capella) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.54 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 488.87 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 501.02 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.07 562.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 532.00 562.25 Td (owning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 102.44 550.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 134.59 550.25 Td (into ) Tj ET Q q 0 0 0 rg BT 152.87 550.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 210.58 550.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 230.52 550.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 278.77 550.25 Td (with ) Tj ET Q q 0 0 0 rg BT 299.28 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.22 550.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.83 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.33 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.27 550.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 413.99 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.05 550.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.53 550.25 Td ($523 ) Tj ET Q q 0 0 0 rg BT 508.26 550.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 550.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.37 550.25 Td ($1) Tj ET Q q 0 0 0 rg BT 552.00 550.25 Td (15 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 538.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.81 538.25 Td ($305 ) Tj ET Q q 0 0 0 rg BT 104.24 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.13 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 134.55 538.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.42 538.25 Td ($295 ) Tj ET Q q 0 0 0 rg BT 171.84 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.73 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.15 538.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 249.81 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 253.74 538.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 312.37 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.57 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.21 538.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 375.50 538.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 412.46 538.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 443.88 538.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 491.97 538.25 Td (under ) Tj ET Q q 0 0 0 rg BT 516.16 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.80 538.25 Td (external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.69 526.25 Td (allocable ) Tj ET Q q 0 0 0 rg BT 125.05 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.09 526.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 149.58 526.25 Td (W) Tj ET Q q 0 0 0 rg BT 156.99 526.25 Td (est ) Tj ET Q q 0 0 0 rg BT 170.36 526.25 Td (Capricorn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.03 526.25 Td (, ) Tj ET Q q 0 0 0 rg BT 216.80 526.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.28 526.25 Td (W) Tj ET Q q 0 0 0 rg BT 238.69 526.25 Td (est ) Tj ET Q q 0 0 0 rg BT 252.07 526.25 Td (V) Tj ET Q q 0 0 0 rg BT 257.07 526.25 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.27 526.25 Td (, ) Tj ET Q q 0 0 0 rg BT 294.04 526.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.52 526.25 Td (W) Tj ET Q q 0 0 0 rg BT 315.93 526.25 Td (est ) Tj ET Q q 0 0 0 rg BT 329.14 526.25 Td (Aquarius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.81 526.25 Td (, ) Tj ET Q q 0 0 0 rg BT 370.58 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.28 526.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 401.77 526.25 Td (W) Tj ET Q q 0 0 0 rg BT 409.18 526.25 Td (est ) Tj ET Q q 0 0 0 rg BT 422.55 526.25 Td (Capella ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.48 526.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 504.14 526.25 Td (. ) Tj ET Q q 0 0 0 rg BT 508.91 526.25 Td (During ) Tj ET Q q 0 0 0 rg BT 539.50 526.25 Td (2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.58 514.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 78.05 514.25 Td (owning ) Tj ET Q q 0 0 0 rg BT 110.41 514.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 155.54 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.23 514.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 180.81 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 185.63 514.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.96 514.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 203.82 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 208.64 514.25 Td (-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.97 514.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 226.83 514.25 Td (W) Tj ET Q q 0 0 0 rg BT 234.25 514.25 Td (est ) Tj ET Q q 0 0 0 rg BT 247.72 514.25 Td (Leo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.72 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.08 514.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.88 514.25 Td (W) Tj ET Q q 0 0 0 rg BT 289.29 514.25 Td (est ) Tj ET Q q 0 0 0 rg BT 302.76 514.25 Td (Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.10 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 328.46 514.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 360.25 514.25 Td (into ) Tj ET Q q 0 0 0 rg BT 378.17 514.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 435.51 514.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 455.09 514.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 502.99 514.25 Td (with ) Tj ET Q q 0 0 0 rg BT 523.13 514.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 61.22 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.88 502.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 110.32 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.10 502.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.30 502.25 Td ($101 ) Tj ET Q q 0 0 0 rg BT 206.75 502.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.64 502.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.58 502.25 Td ($93 ) Tj ET Q q 0 0 0 rg BT 260.03 502.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.92 502.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.87 502.25 Td ($486 ) Tj ET Q q 0 0 0 rg BT 318.31 502.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.20 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 350.65 502.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.53 502.25 Td ($220 ) Tj ET Q q 0 0 0 rg BT 391.98 502.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.87 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.31 502.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 471.97 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 477.92 502.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 538.57 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 502.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 91.02 490.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 128.71 490.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 160.86 490.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 209.68 490.25 Td (under ) Tj ET Q q 0 0 0 rg BT 234.61 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.98 490.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 285.56 490.25 Td (allocable ) Tj ET Q q 0 0 0 rg BT 323.81 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.74 490.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 348.11 490.25 Td (T) Tj ET Q q 0 0 0 rg BT 352.93 490.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.26 490.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.91 490.25 Td (T) Tj ET Q q 0 0 0 rg BT 375.73 490.25 Td (-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.06 490.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.72 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 401.13 490.25 Td (est ) Tj ET Q q 0 0 0 rg BT 414.39 490.25 Td (Leo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.39 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.55 490.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.14 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 455.55 490.25 Td (est ) Tj ET Q q 0 0 0 rg BT 468.82 490.25 Td (Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.16 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 494.31 490.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 541.97 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 546.47 490.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 93.23 478.25 Td (refers ) Tj ET Q q 0 0 0 rg BT 120.34 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.47 478.25 Td (these ) Tj ET Q q 0 0 0 rg BT 157.36 478.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 215.57 478.25 Td (collectively ) Tj ET Q q 0 0 0 rg BT 266.56 478.25 Td (as ) Tj ET Q q 0 0 0 rg BT 279.24 478.25 Td ("Rig ) Tj ET Q q 0 0 0 rg BT 302.12 478.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 345.50 478.25 Td (Agreements". ) Tj ET Q q 0 0 0 rg BT 404.74 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.09 478.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 448.44 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.56 478.25 Td (these ) Tj ET Q q 0 0 0 rg BT 485.46 478.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 544.79 478.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 99.82 466.25 Td (each ) Tj ET Q q 0 0 0 rg BT 119.93 466.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 132.82 466.25 Td (owning ) Tj ET Q q 0 0 0 rg BT 164.61 466.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 207.51 466.25 Td (can ) Tj ET Q q 0 0 0 rg BT 223.18 466.25 Td (make ) Tj ET Q q 0 0 0 rg BT 246.62 466.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 286.74 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.86 466.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 334.19 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.42 466.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 381.64 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.21 466.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 424.10 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 434.22 466.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 466.55 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.12 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.13 466.25 Td (third ) Tj ET Q q 0 0 0 rg BT 510.80 466.25 Td (party ) Tj ET Q q 0 0 0 rg BT 533.14 466.25 Td (lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.57 454.25 Td (each ) Tj ET Q q 0 0 0 rg BT 94.69 454.25 Td (facility) Tj ET Q q 0 0 0 rg BT 122.36 454.25 Td (, ) Tj ET Q q 0 0 0 rg BT 126.66 454.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 185.67 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.24 454.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 235.37 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.50 454.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 282.84 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.08 454.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 330.32 454.25 Td (due ) Tj ET Q q 0 0 0 rg BT 346.56 454.25 Td (under ) Tj ET Q q 0 0 0 rg BT 371.13 454.25 Td (each ) Tj ET Q q 0 0 0 rg BT 391.24 454.25 Td (Rig ) Tj ET Q q 0 0 0 rg BT 407.49 454.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 448.89 454.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 495.11 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 511.91 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 525.92 454.25 Td (allocable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.51 442.25 Td (each ) Tj ET Q q 0 0 0 rg BT 81.56 442.25 Td (rig. ) Tj ET Q q 0 0 0 rg BT 97.90 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.64 442.25 Td (During ) Tj ET Q q 0 0 0 rg BT 131.70 442.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.65 442.25 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.30 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.04 442.25 Td (months ) Tj ET Q q 0 0 0 rg BT 208.22 442.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.83 442.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 293.65 442.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.38 442.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 366.33 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.39 442.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 411.23 442.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 446.73 442.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 478.89 442.25 Td (into ) Tj ET Q q 0 0 0 rg BT 497.18 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 504.35 442.25 Td (new ) Tj ET Q q 0 0 0 rg BT 523.75 442.25 Td (term ) Tj ET Q q 0 0 0 rg BT 544.80 442.25 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 61.13 430.25 Td (which ) Tj ET Q q 0 0 0 rg BT 88.92 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.48 430.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 143.37 430.25 Td (were ) Tj ET Q q 0 0 0 rg BT 166.15 430.25 Td (used ) Tj ET Q q 0 0 0 rg BT 187.83 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.96 430.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 224.51 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.08 430.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 277.31 430.25 Td (owed ) Tj ET Q q 0 0 0 rg BT 302.32 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.45 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.02 430.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.25 430.25 Td (related ) Tj ET Q q 0 0 0 rg BT 401.81 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.93 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.50 430.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 461.29 430.25 Td (units ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.09 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 491.50 430.25 Td (est ) Tj ET Q q 0 0 0 rg BT 505.96 430.25 Td (Capella) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.63 430.25 Td (,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 540.13 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.48 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 550.89 430.25 Td (est ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Aquarius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.67 418.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 91.67 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 99.08 418.25 Td (est ) Tj ET Q q 0 0 0 rg BT 112.69 418.25 Td (Sirius,W) Tj ET Q q 0 0 0 rg BT 145.94 418.25 Td (est ) Tj ET Q q 0 0 0 rg BT 159.55 418.25 Td (Leo ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.05 418.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.99 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 201.40 418.25 Td (est ) Tj ET Q q 0 0 0 rg BT 215.01 418.25 Td (Capricorn.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 394.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.59 394.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 108.67 394.25 Td (owed ) Tj ET Q q 0 0 0 rg BT 132.51 394.25 Td (under ) Tj ET Q q 0 0 0 rg BT 157.47 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.87 394.25 Td (Rig ) Tj ET Q q 0 0 0 rg BT 188.50 394.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 230.20 394.25 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 280.71 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.22 394.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.74 394.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 360.01 394.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.01 394.25 Td (, ) Tj ET Q q 0 0 0 rg BT 384.70 394.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 417.42 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.39 394.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 441.79 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 449.20 394.25 Td (est ) Tj ET Q q 0 0 0 rg BT 462.50 394.25 Td (V) Tj ET Q q 0 0 0 rg BT 467.50 394.25 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.71 394.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.39 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 509.21 394.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.54 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.73 394.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 541.35 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 546.17 394.25 Td (-16,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 394.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.36 382.25 Td ($159 ) Tj ET Q q 0 0 0 rg BT 101.50 382.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.40 382.25 Td (. ) Tj ET Q q 0 0 0 rg BT 135.04 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.19 382.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 168.77 382.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 218.13 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.61 382.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 261.86 382.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 296.77 382.25 Td (are ) Tj ET Q q 0 0 0 rg BT 311.12 382.25 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 355.48 382.25 Td (under ) Tj ET Q q 0 0 0 rg BT 380.39 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.75 382.25 Td (external ) Tj ET Q q 0 0 0 rg BT 429.10 382.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 465.68 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.60 382.25 Td (which ) Tj ET Q q 0 0 0 rg BT 502.19 382.25 Td (these ) Tj ET Q q 0 0 0 rg BT 524.88 382.25 Td (three ) Tj ET Q q 0 0 0 rg BT 547.01 382.25 Td (rigs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.83 370.25 Td (pledged ) Tj ET Q q 0 0 0 rg BT 99.11 370.25 Td (as ) Tj ET Q q 0 0 0 rg BT 110.06 370.25 Td (security) Tj ET Q q 0 0 0 rg BT 141.06 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 146.19 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.81 370.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 176.42 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.26 370.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 216.10 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.05 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.89 370.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 281.44 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.28 370.25 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 341.11 370.25 Td (are ) Tj ET Q q 0 0 0 rg BT 355.94 370.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 384.67 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.73 370.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 440.45 370.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 465.28 370.25 Td (for ) Tj ET Q q 0 0 0 rg BT 479.57 370.25 Td (other ) Tj ET Q q 0 0 0 rg BT 502.73 370.25 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 547.56 370.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.66 358.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 103.75 358.25 Td (who ) Tj ET Q q 0 0 0 rg BT 123.41 358.25 Td (are ) Tj ET Q q 0 0 0 rg BT 138.06 358.25 Td (party ) Tj ET Q q 0 0 0 rg BT 161.04 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.26 358.25 Td (this ) Tj ET Q q 0 0 0 rg BT 188.15 358.25 Td (facility) Tj ET Q q 0 0 0 rg BT 215.82 358.25 Td (. ) Tj ET Q q 0 0 0 rg BT 220.76 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.03 358.25 Td (The ) Tj ET Q q 0 0 0 rg BT 241.01 358.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 282.34 358.25 Td (has ) Tj ET Q q 0 0 0 rg BT 298.11 358.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 336.10 358.25 Td (an ) Tj ET Q q 0 0 0 rg BT 347.98 358.25 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 413.73 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.95 358.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 457.50 358.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 492.71 358.25 Td (for ) Tj ET Q q 0 0 0 rg BT 506.81 358.25 Td (any ) Tj ET Q q 0 0 0 rg BT 523.69 358.25 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 346.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 107.77 346.25 Td (related ) Tj ET Q q 0 0 0 rg BT 137.48 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.75 346.25 Td (these ) Tj ET Q q 0 0 0 rg BT 170.80 346.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 207.73 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 221.89 346.25 Td (any ) Tj ET Q q 0 0 0 rg BT 238.83 346.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 265.22 346.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 301.04 346.25 Td (which ) Tj ET Q q 0 0 0 rg BT 327.97 346.25 Td (do ) Tj ET Q q 0 0 0 rg BT 340.47 346.25 Td (not ) Tj ET Q q 0 0 0 rg BT 355.75 346.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 380.45 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.73 346.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.45 346.25 Td (W) Tj ET Q q 0 0 0 rg BT 412.86 346.25 Td (est ) Tj ET Q q 0 0 0 rg BT 426.47 346.25 Td (V) Tj ET Q q 0 0 0 rg BT 431.47 346.25 Td (encedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.68 346.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.68 346.25 Td (T) Tj ET Q q 0 0 0 rg BT 473.50 346.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.83 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 489.33 346.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 506.26 346.25 Td (T) Tj ET Q q 0 0 0 rg BT 511.08 346.25 Td (-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.41 346.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.76 322.25 Td (Rig ) Tj ET Q q 0 0 0 rg BT 84.42 322.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 126.14 322.25 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 176.67 322.25 Td (related ) Tj ET Q q 0 0 0 rg BT 206.09 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.08 322.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.51 322.25 Td (W) Tj ET Q q 0 0 0 rg BT 237.93 322.25 Td (est ) Tj ET Q q 0 0 0 rg BT 251.09 322.25 Td (Aquarius, ) Tj ET Q q 0 0 0 rg BT 292.47 322.25 Td (W) Tj ET Q q 0 0 0 rg BT 299.89 322.25 Td (est ) Tj ET Q q 0 0 0 rg BT 313.21 322.25 Td (Capella, ) Tj ET Q q 0 0 0 rg BT 349.59 322.25 Td (W) Tj ET Q q 0 0 0 rg BT 357.00 322.25 Td (est ) Tj ET Q q 0 0 0 rg BT 370.32 322.25 Td (Leo,W) Tj ET Q q 0 0 0 rg BT 395.23 322.25 Td (est ) Tj ET Q q 0 0 0 rg BT 408.56 322.25 Td (Sirius ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.11 322.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.76 322.25 Td (W) Tj ET Q q 0 0 0 rg BT 458.18 322.25 Td (est ) Tj ET Q q 0 0 0 rg BT 471.50 322.25 Td (Capricorn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.38 322.25 Td (were ) Tj ET Q q 0 0 0 rg BT 537.03 322.25 Td (repaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (during ) Tj ET Q q 0 0 0 rg BT 79.77 310.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.64 310.25 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.30 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 125.96 310.25 Td (months ) Tj ET Q q 0 0 0 rg BT 159.07 310.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.60 310.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 246.35 310.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.35 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.01 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.45 310.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 332.32 310.25 Td (with ) Tj ET Q q 0 0 0 rg BT 353.75 310.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 388.52 310.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 424.95 310.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 466.38 310.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 518.91 310.25 Td (third ) Tj ET Q q 0 0 0 rg BT 541.46 310.25 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (financing. ) Tj ET Q q 0 0 0 rg BT 92.76 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.08 298.25 Td (The ) Tj ET Q q 0 0 0 rg BT 113.13 298.25 Td (total ) Tj ET Q q 0 0 0 rg BT 133.40 298.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 182.57 298.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 220.61 298.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 248.10 298.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 298.25 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 286.15 298.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.26 298.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 82.49 274.25 Td (income ) Tj ET Q q 0 0 0 rg BT 114.42 274.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.58 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.30 274.25 Td (period ) Tj ET Q q 0 0 0 rg BT 171.34 274.25 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.06 274.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 259.64 274.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.64 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 282.14 274.25 Td (for ) Tj ET Q q 0 0 0 rg BT 296.30 274.25 Td (these ) Tj ET Q q 0 0 0 rg BT 319.35 274.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 375.71 274.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.76 274.25 Td ($20 ) Tj ET Q q 0 0 0 rg BT 411.26 274.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.16 274.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 92.76 250.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 117.73 250.25 Td (facility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.05 250.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.71 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.36 250.25 Td (In ) Tj ET Q q 0 0 0 rg BT 164.34 250.25 Td (October ) Tj ET Q q 0 0 0 rg BT 198.20 250.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 219.86 250.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 252.61 250.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 287.03 250.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 318.11 250.25 Td (into ) Tj ET Q q 0 0 0 rg BT 335.32 250.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.41 250.25 Td ($300 ) Tj ET Q q 0 0 0 rg BT 363.06 250.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.96 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.61 250.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 433.59 250.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 458.00 250.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 487.98 250.25 Td (with ) Tj ET Q q 0 0 0 rg BT 507.41 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.28 250.25 Td (Company) Tj ET Q q 0 0 0 rg BT 559.51 250.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.02 238.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 98.82 238.25 Td (is ) Tj ET Q q 0 0 0 rg BT 107.96 238.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.10 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 129.01 238.25 Td (term ) Tj ET Q q 0 0 0 rg BT 149.81 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.62 238.25 Td (five ) Tj ET Q q 0 0 0 rg BT 178.64 238.25 Td (years ) Tj ET Q q 0 0 0 rg BT 202.22 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.13 238.25 Td (bears ) Tj ET Q q 0 0 0 rg BT 242.71 238.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 274.61 238.25 Td (at ) Tj ET Q q 0 0 0 rg BT 284.31 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 291.22 238.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 308.68 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.49 238.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 351.96 238.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 371.11 238.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 386.91 238.25 Td (per ) Tj ET Q q 0 0 0 rg BT 402.16 238.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 434.35 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 454.60 238.25 Td (an ) Tj ET Q q 0 0 0 rg BT 466.52 238.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 495.65 238.25 Td (2% ) Tj ET Q q 0 0 0 rg BT 511.46 238.25 Td (commitment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 64.55 226.25 Td (on ) Tj ET Q q 0 0 0 rg BT 76.90 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.47 226.25 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 128.80 226.25 Td (balance. ) Tj ET Q q 0 0 0 rg BT 164.18 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.53 226.25 Td (In ) Tj ET Q q 0 0 0 rg BT 177.21 226.25 Td (March ) Tj ET Q q 0 0 0 rg BT 205.66 226.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 228.00 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.57 226.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 273.24 226.25 Td (was ) Tj ET Q q 0 0 0 rg BT 291.14 226.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 325.13 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.25 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 342.04 226.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 384.94 226.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.62 226.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 417.97 226.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.86 226.25 Td (. ) Tj ET Q q 0 0 0 rg BT 451.71 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 453.88 226.25 Td (The ) Tj ET Q q 0 0 0 rg BT 471.78 226.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 520.79 226.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 553.67 226.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td ($125.9 ) Tj ET Q q 0 0 0 rg BT 80.00 214.25 Td (million ) Tj ET Q q 0 0 0 rg BT 111.39 214.25 Td (was ) Tj ET Q q 0 0 0 rg BT 129.44 214.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 156.93 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.21 214.25 Td (full ) Tj ET Q q 0 0 0 rg BT 183.59 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.87 214.25 Td (March ) Tj ET Q q 0 0 0 rg BT 222.47 214.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 247.47 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.79 214.25 Td (The ) Tj ET Q q 0 0 0 rg BT 267.84 214.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 317.00 214.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 350.03 214.25 Td (as ) Tj ET Q q 0 0 0 rg BT 360.86 214.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.58 214.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 429.17 214.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.17 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 451.67 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 454.17 214.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.22 214.25 Td (nil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.77 214.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td ($109.5 ) Tj ET Q q 0 0 0 rg BT 80.15 190.25 Td (million ) Tj ET Q q 0 0 0 rg BT 112.25 190.25 Td (V) Tj ET Q q 0 0 0 rg BT 117.81 190.25 Td (endor ) Tj ET Q q 0 0 0 rg BT 144.35 190.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 187.01 190.25 Td (loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.35 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.00 190.25 Td (- ) Tj ET Q q 0 0 0 rg BT 213.98 190.25 Td (In ) Tj ET Q q 0 0 0 rg BT 224.96 190.25 Td (May) Tj ET Q q 0 0 0 rg BT 242.64 190.25 Td (, ) Tj ET Q q 0 0 0 rg BT 247.79 190.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 272.94 190.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 306.69 190.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 342.11 190.25 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 383.08 190.25 Td (from ) Tj ET Q q 0 0 0 rg BT 405.16 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.03 190.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.56 190.25 Td ($109.5 ) Tj ET Q q 0 0 0 rg BT 491.71 190.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.61 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 523.25 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 534.23 190.25 Td (vendor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 90.49 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.00 178.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 122.06 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.00 178.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 183.61 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.67 178.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 209.62 178.25 Td (T) Tj ET Q q 0 0 0 rg BT 214.44 178.25 Td (-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.77 178.25 Td (. ) Tj ET Q q 0 0 0 rg BT 232.80 178.25 Td (The ) Tj ET Q q 0 0 0 rg BT 251.07 178.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 271.02 178.25 Td (bears ) Tj ET Q q 0 0 0 rg BT 294.85 178.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 327.01 178.25 Td (at ) Tj ET Q q 0 0 0 rg BT 336.95 178.25 Td (a ) Tj ET Q q 0 0 0 rg BT 344.12 178.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 361.83 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.89 178.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 405.62 178.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 425.02 178.25 Td (a ) Tj ET Q q 0 0 0 rg BT 432.19 178.25 Td (mar) Tj ET Q q 0 0 0 rg BT 447.55 178.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 463.06 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.12 178.25 Td (5.00% ) Tj ET Q q 0 0 0 rg BT 502.68 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.84 178.25 Td (matures ) Tj ET Q q 0 0 0 rg BT 554.23 178.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (May ) Tj ET Q q 0 0 0 rg BT 70.83 166.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 95.65 166.25 Td (The ) Tj ET Q q 0 0 0 rg BT 113.70 166.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 162.86 166.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 195.89 166.25 Td (as ) Tj ET Q q 0 0 0 rg BT 206.72 166.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.44 166.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.02 166.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.02 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 297.52 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.02 166.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.08 166.25 Td ($109.5 ) Tj ET Q q 0 0 0 rg BT 348.08 166.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.97 166.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td ($229.9 ) Tj ET Q q 0 0 0 rg BT 79.30 142.25 Td (million ) Tj ET Q q 0 0 0 rg BT 110.56 142.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 147.37 142.25 Td (note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 165.15 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.95 142.25 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.09 142.25 Td (On ) Tj ET Q q 0 0 0 rg BT 186.11 142.25 Td (December ) Tj ET Q q 0 0 0 rg BT 229.00 142.25 Td (13, ) Tj ET Q q 0 0 0 rg BT 243.30 142.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 267.61 142.25 Td (as ) Tj ET Q q 0 0 0 rg BT 277.74 142.25 Td (part ) Tj ET Q q 0 0 0 rg BT 295.09 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.22 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.24 142.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 364.93 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.06 142.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.08 142.25 Td (W) Tj ET Q q 0 0 0 rg BT 396.49 142.25 Td (est ) Tj ET Q q 0 0 0 rg BT 409.40 142.25 Td (Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.74 142.25 Td (, ) Tj ET Q q 0 0 0 rg BT 437.05 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 443.29 142.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 486.20 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.33 142.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 529.24 142.25 Td (Partners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 77.48 130.25 Td (a ) Tj ET Q q 0 0 0 rg BT 84.40 130.25 Td (zero ) Tj ET Q q 0 0 0 rg BT 104.09 130.25 Td (coupon ) Tj ET Q q 0 0 0 rg BT 136.01 130.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 172.38 130.25 Td (note ) Tj ET Q q 0 0 0 rg BT 192.08 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.34 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.04 130.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.41 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 272.55 130.25 Td ($229.9 ) Tj ET Q q 0 0 0 rg BT 302.53 130.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 336.22 130.25 Td (The ) Tj ET Q q 0 0 0 rg BT 354.25 130.25 Td (note ) Tj ET Q q 0 0 0 rg BT 373.95 130.25 Td (was ) Tj ET Q q 0 0 0 rg BT 391.99 130.25 Td (repayable ) Tj ET Q q 0 0 0 rg BT 433.33 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.59 130.25 Td (June ) Tj ET Q q 0 0 0 rg BT 464.40 130.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 486.88 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.80 130.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 526.29 130.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 559.52 130.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 118.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.10 118.25 Td (was ) Tj ET Q q 0 0 0 rg BT 124.16 118.25 Td (due ) Tj ET Q q 0 0 0 rg BT 141.09 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.37 118.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 182.73 118.25 Td ($238.5 ) Tj ET Q q 0 0 0 rg BT 212.73 118.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 246.63 118.25 Td (In ) Tj ET Q q 0 0 0 rg BT 257.46 118.25 Td (February ) Tj ET Q q 0 0 0 rg BT 296.05 118.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 321.05 118.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 354.66 118.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 389.93 118.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 417.41 118.25 Td (this ) Tj ET Q q 0 0 0 rg BT 434.36 118.25 Td (note ) Tj ET Q q 0 0 0 rg BT 454.08 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.36 118.25 Td (full.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td ($70 ) Tj ET Q q 0 0 0 rg BT 67.11 94.25 Td (million ) Tj ET Q q 0 0 0 rg BT 98.67 94.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 135.78 94.25 Td (note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.56 94.25 Td ( ) Tj ET Q q 0 0 0 rg BT 155.67 94.25 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.11 94.25 Td (In ) Tj ET Q q 0 0 0 rg BT 171.54 94.25 Td (December ) Tj ET Q q 0 0 0 rg BT 214.73 94.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 239.34 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.78 94.25 Td (part ) Tj ET Q q 0 0 0 rg BT 267.43 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.87 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.19 94.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 338.18 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.62 94.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 362.94 94.25 Td (W) Tj ET Q q 0 0 0 rg BT 370.35 94.25 Td (est ) Tj ET Q q 0 0 0 rg BT 383.57 94.25 Td (Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.91 94.25 Td (, ) Tj ET Q q 0 0 0 rg BT 411.52 94.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 444.73 94.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 479.60 94.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 506.71 94.25 Td (a ) Tj ET Q q 0 0 0 rg BT 513.25 94.25 Td (zero ) Tj ET Q q 0 0 0 rg BT 532.57 94.25 Td (coupon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.24 82.25 Td (note ) Tj ET Q q 0 0 0 rg BT 105.81 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.95 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.52 82.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.76 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 185.78 82.25 Td ($70 ) Tj ET Q q 0 0 0 rg BT 203.13 82.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 236.71 82.25 Td (The ) Tj ET Q q 0 0 0 rg BT 254.61 82.25 Td (note ) Tj ET Q q 0 0 0 rg BT 274.18 82.25 Td (was ) Tj ET Q q 0 0 0 rg BT 292.09 82.25 Td (repayable ) Tj ET Q q 0 0 0 rg BT 333.30 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.44 82.25 Td (June ) Tj ET Q q 0 0 0 rg BT 364.12 82.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 386.48 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.27 82.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 425.63 82.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 458.86 82.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.71 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.29 82.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 519.53 82.25 Td (was ) Tj ET Q q 0 0 0 rg BT 537.43 82.25 Td (due ) Tj ET Q q 0 0 0 rg BT 554.23 82.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 81.36 70.25 Td ($73 ) Tj ET Q q 0 0 0 rg BT 98.86 70.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 132.75 70.25 Td (In ) Tj ET Q q 0 0 0 rg BT 143.58 70.25 Td (February ) Tj ET Q q 0 0 0 rg BT 182.18 70.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 207.18 70.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 240.79 70.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 276.05 70.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 303.54 70.25 Td (this ) Tj ET Q q 0 0 0 rg BT 320.49 70.25 Td (note ) Tj ET Q q 0 0 0 rg BT 340.21 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.48 70.25 Td (full.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-34) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 72.37 742.25 Td (million ) Tj ET Q q 0 0 0 rg BT 104.19 742.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 141.56 742.25 Td (note) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 159.34 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.71 742.25 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.41 742.25 Td (In ) Tj ET Q q 0 0 0 rg BT 178.10 742.25 Td (March ) Tj ET Q q 0 0 0 rg BT 206.57 742.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 231.44 742.25 Td (as ) Tj ET Q q 0 0 0 rg BT 242.13 742.25 Td (part ) Tj ET Q q 0 0 0 rg BT 260.05 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.75 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.33 742.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 331.58 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.28 742.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.86 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 364.27 742.25 Td (est ) Tj ET Q q 0 0 0 rg BT 377.58 742.25 Td (Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.35 742.25 Td (, ) Tj ET Q q 0 0 0 rg BT 410.22 742.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 443.69 742.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 478.83 742.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 506.20 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 513.00 742.25 Td (zero ) Tj ET Q q 0 0 0 rg BT 532.58 742.25 Td (coupon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.56 730.25 Td (note ) Tj ET Q q 0 0 0 rg BT 106.45 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.91 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.80 730.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 173.36 730.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.69 730.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 210.37 730.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.26 730.25 Td (. ) Tj ET Q q 0 0 0 rg BT 244.24 730.25 Td (The ) Tj ET Q q 0 0 0 rg BT 262.46 730.25 Td (note ) Tj ET Q q 0 0 0 rg BT 282.36 730.25 Td (is ) Tj ET Q q 0 0 0 rg BT 291.70 730.25 Td (repayable ) Tj ET Q q 0 0 0 rg BT 333.24 730.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.69 730.25 Td (September ) Tj ET Q q 0 0 0 rg BT 389.13 730.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 411.80 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.92 730.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 451.59 730.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 484.82 730.25 Td (, ) Tj ET Q q 0 0 0 rg BT 490.00 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.89 730.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 546.45 730.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.36 718.25 Td ($103.7 ) Tj ET Q q 0 0 0 rg BT 111.36 718.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.25 718.25 Td (. ) Tj ET Q q 0 0 0 rg BT 145.25 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.57 718.25 Td (This ) Tj ET Q q 0 0 0 rg BT 167.85 718.25 Td (note ) Tj ET Q q 0 0 0 rg BT 187.57 718.25 Td (was ) Tj ET Q q 0 0 0 rg BT 205.62 718.25 Td (repaid ) Tj ET Q q 0 0 0 rg BT 233.11 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 243.38 718.25 Td (full ) Tj ET Q q 0 0 0 rg BT 259.77 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.05 718.25 Td (June ) Tj ET Q q 0 0 0 rg BT 290.88 718.25 Td (2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.93 694.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 114.62 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.22 694.25 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.88 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.91 694.25 Td (- ) Tj ET Q q 0 0 0 rg BT 176.28 694.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 201.08 694.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 238.66 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.13 694.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 293.26 694.25 Td (include ) Tj ET Q q 0 0 0 rg BT 324.73 694.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 364.53 694.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 402.10 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.58 694.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 440.61 694.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 469.29 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.77 694.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 521.12 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 534.81 694.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.11 682.25 Td (units ) Tj ET Q q 0 0 0 rg BT 102.22 682.25 Td (on ) Tj ET Q q 0 0 0 rg BT 113.88 682.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 140.53 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.53 682.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 199.41 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.40 682.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 242.17 682.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 279.10 682.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 319.08 682.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 360.74 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.84 682.25 Td (bareboat ) Tj ET Q q 0 0 0 rg BT 412.93 682.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 442.35 682.25 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 500.38 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.04 682.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 526.47 682.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.53 670.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 106.72 670.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 136.45 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.98 670.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 190.39 670.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.14 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.44 670.25 Td (period ) Tj ET Q q 0 0 0 rg BT 249.08 670.25 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.39 670.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 338.56 670.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.56 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.65 670.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.17 670.25 Td ($139 ) Tj ET Q q 0 0 0 rg BT 407.26 670.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.15 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 439.24 670.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.77 670.25 Td ($122 ) Tj ET Q q 0 0 0 rg BT 479.86 670.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.75 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.84 670.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.50 670.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 98.09 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.53 658.25 Td (other ) Tj ET Q q 0 0 0 rg BT 137.07 658.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 168.50 658.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 206.60 658.25 Td (char) Tj ET Q q 0 0 0 rg BT 223.62 658.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 240.06 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.83 658.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 282.93 658.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 317.70 658.25 Td (totaled ) Tj ET Q q 0 0 0 rg BT 346.91 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.91 658.25 Td ($60 ) Tj ET Q q 0 0 0 rg BT 365.90 658.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.79 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.79 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 410.45 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.66 658.25 Td (period ) Tj ET Q q 0 0 0 rg BT 452.21 658.25 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.42 658.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.50 658.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 658.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 100.98 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.21 634.25 Td (Payables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.87 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.54 634.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.21 634.25 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 217.19 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.30 634.25 Td (payables ) Tj ET Q q 0 0 0 rg BT 271.95 634.25 Td (with ) Tj ET Q q 0 0 0 rg BT 292.40 634.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 326.17 634.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 361.61 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.72 634.25 Td (its ) Tj ET Q q 0 0 0 rg BT 390.84 634.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 440.72 634.25 Td (are ) Tj ET Q q 0 0 0 rg BT 455.60 634.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 499.93 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.93 634.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 70.47 622.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 106.79 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.10 622.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 182.18 622.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 218.76 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.07 622.25 Td (other ) Tj ET Q q 0 0 0 rg BT 257.49 622.25 Td (items ) Tj ET Q q 0 0 0 rg BT 281.03 622.25 Td (including ) Tj ET Q q 0 0 0 rg BT 320.68 622.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 353.64 622.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 387.45 622.25 Td (In ) Tj ET Q q 0 0 0 rg BT 397.65 622.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 434.80 622.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 463.87 622.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 510.72 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 622.25 Td (payables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 70.80 610.25 Td (when ) Tj ET Q q 0 0 0 rg BT 94.39 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.54 610.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 149.35 610.25 Td (pays ) Tj ET Q q 0 0 0 rg BT 169.61 610.25 Td (an ) Tj ET Q q 0 0 0 rg BT 180.98 610.25 Td (invoice ) Tj ET Q q 0 0 0 rg BT 212.34 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 224.26 610.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 251.18 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.44 610.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 294.47 610.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 329.16 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 339.42 610.25 Td (its ) Tj ET Q q 0 0 0 rg BT 350.80 610.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 399.94 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.31 610.25 Td (vice ) Tj ET Q q 0 0 0 rg BT 434.89 610.25 Td (versa. ) Tj ET Q q 0 0 0 rg BT 460.42 610.25 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 510.66 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.02 610.25 Td (payables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.74 598.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 104.47 598.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 133.10 598.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 171.72 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.03 598.25 Td (arrears. ) Tj ET Q q 0 0 0 rg BT 214.08 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 219.83 598.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 247.91 598.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 284.86 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.17 598.25 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 328.80 598.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 364.10 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.07 598.25 Td (its ) Tj ET Q q 0 0 0 rg BT 393.04 598.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 442.79 598.25 Td (are ) Tj ET Q q 0 0 0 rg BT 457.53 598.25 Td (unsecured, ) Tj ET Q q 0 0 0 rg BT 503.09 598.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 522.83 598.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 554.79 598.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 586.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 74.42 586.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 98.58 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.86 586.25 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 141.36 586.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 160.53 586.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 220.79 586.25 Td (4% ) Tj ET Q q 0 0 0 rg BT 236.62 586.25 Td (per ) Tj ET Q q 0 0 0 rg BT 251.88 586.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 284.10 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.04 586.25 Td (are ) Tj ET Q q 0 0 0 rg BT 315.75 586.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 352.68 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.96 586.25 Td (be ) Tj ET Q q 0 0 0 rg BT 374.90 586.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 403.50 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.78 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.50 586.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 464.87 586.25 Td (course ) Tj ET Q q 0 0 0 rg BT 493.47 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.30 586.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Receivables \(payables\) with seadrill Partners and its subsidiaries as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.37 562.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.95 562.25 Td ( consisted of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 526.75 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 526.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 526.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 496.75 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 496.75 70.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 541.47 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 531.46 Td (\(In ) Tj ET Q q 0 0 0 rg BT 66.16 531.46 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.88 531.46 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.85 541.43 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.00 531.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 516.42 Td (Rig financing agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 516.42 Td (159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 501.42 Td ($109.5 million Vendor financing loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 501.42 Td (109.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 486.42 Td (Other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 486.42 Td (418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 471.42 Td (Other payables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 471.47 Td (\(77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 471.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.39 443.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 110.00 443.25 Td (parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.16 419.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.67 419.25 Td (transacts ) Tj ET Q q 0 0 0 rg BT 147.27 419.25 Td (business ) Tj ET Q q 0 0 0 rg BT 183.78 419.25 Td (with ) Tj ET Q q 0 0 0 rg BT 204.17 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.00 419.25 Td (following ) Tj ET Q q 0 0 0 rg BT 260.51 419.25 Td (related ) Tj ET Q q 0 0 0 rg BT 290.32 419.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 322.10 419.25 Td (being ) Tj ET Q q 0 0 0 rg BT 346.93 419.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 392.31 419.25 Td (in ) Tj ET Q q 0 0 0 rg BT 402.70 419.25 Td (which ) Tj ET Q q 0 0 0 rg BT 429.76 419.25 Td (our ) Tj ET Q q 0 0 0 rg BT 445.70 419.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 483.86 419.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 533.12 419.25 Td (Hemen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 85.28 407.25 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 101.67 407.25 Td (\("Hemen"\) ) Tj ET Q q 0 0 0 rg BT 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335.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 150.42 335.25 Td (\("Archer"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 311.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 311.25 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 125.17 311.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 179.87 311.25 Td (\(Bermuda\) ) Tj ET Q q 0 0 0 rg BT 225.68 311.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 259.84 311.25 Td (\("Frontline"\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (Ship ) Tj ET Q q 0 0 0 rg BT 71.40 287.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 108.35 287.25 Td (transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 275.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.67 275.25 Td (have ) Tj ET Q q 0 0 0 rg BT 87.13 275.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 119.15 275.25 Td (into ) Tj ET Q q 0 0 0 rg BT 137.29 275.25 Td (a ) Tj ET Q q 0 0 0 rg BT 144.32 275.25 Td (number ) Tj ET Q q 0 0 0 rg BT 177.46 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 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Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 68.32 Td (W) Tj ET Q q 0 0 0 rg BT 61.64 68.32 Td (est ) Tj ET Q q 0 0 0 rg BT 75.25 68.32 Td (Linus) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 68.32 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 68.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 68.32 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 68.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 54.43 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 54.43 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 54.43 Td (81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 54.43 Td (61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.65 54.43 Td (300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 54.43 Td (259) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (These ) Tj ET Q q 0 0 0 rg BT 76.38 730.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 98.86 730.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 121.36 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.07 730.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 180.78 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.28 730.10 Td (consolidation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.87 706.10 Td (December ) Tj ET Q q 0 0 0 rg BT 110.61 706.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 126.76 706.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 150.42 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.28 706.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 208.82 706.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 253.01 706.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 280.00 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.98 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.85 706.10 Td (share ) Tj ET Q q 0 0 0 rg BT 332.60 706.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 362.90 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.88 706.10 Td (SFL) Tj ET Q q 0 0 0 rg BT 391.74 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.13 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 403.77 706.10 Td (est ) Tj ET Q q 0 0 0 rg BT 418.53 706.10 Td (Polaris ) Tj ET Q q 0 0 0 rg BT 449.96 706.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 485.27 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 508.36 706.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 530.36 706.10 Td (Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (International. ) Tj ET Q q 0 0 0 rg BT 106.09 694.10 Td (See ) Tj ET Q q 0 0 0 rg BT 123.03 694.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 144.97 694.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 157.47 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.63 694.10 Td (further ) Tj ET Q q 0 0 0 rg BT 201.33 694.10 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Ship ) Tj ET Q q 0 0 0 rg BT 70.70 670.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 104.71 670.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 141.51 670.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 171.07 670.10 Td (management ) Tj ET Q q 0 0 0 rg BT 224.51 670.10 Td (support ) Tj ET Q q 0 0 0 rg BT 256.87 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.67 670.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 333.23 670.10 Td (services ) Tj ET Q q 0 0 0 rg BT 367.79 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.81 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.39 670.10 Td (Company) Tj ET Q q 0 0 0 rg BT 434.62 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.48 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.28 670.10 Td (char) Tj ET Q q 0 0 0 rg BT 473.30 670.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 490.10 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.67 670.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 545.92 670.10 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.12 658.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 81.41 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.30 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.09 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.31 658.10 Td (nil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.87 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.66 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.11 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.11 658.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.77 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.55 658.10 Td (months ) Tj ET Q q 0 0 0 rg BT 234.79 658.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.46 658.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 320.33 658.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.33 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.12 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.34 658.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.34 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.13 658.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 430.79 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 436.08 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.67 658.10 Td (These ) Tj ET Q q 0 0 0 rg BT 465.33 658.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 502.01 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 517.00 658.10 Td (included ) Tj ET Q q 0 0 0 rg BT 554.22 658.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (general ) Tj ET Q q 0 0 0 rg BT 81.92 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.86 646.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 158.57 646.10 Td (expenses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 91.39 622.10 Td (transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.05 598.10 Td (December ) Tj ET Q q 0 0 0 rg BT 108.96 598.10 Td (10, ) Tj ET Q q 0 0 0 rg BT 124.28 598.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 149.60 598.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.65 598.10 Td ($1,121 ) Tj ET Q q 0 0 0 rg BT 194.97 598.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.86 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.69 598.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 257.83 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 278.44 598.10 Td (Lloyds ) Tj ET Q q 0 0 0 rg BT 309.04 598.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 332.77 598.10 Td (TSB ) Tj ET Q q 0 0 0 rg BT 353.93 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 365.09 598.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 389.57 598.10 Td (was ) Tj ET Q q 0 0 0 rg BT 407.94 598.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 454.07 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.68 598.10 Td (DNB ) Tj ET Q q 0 0 0 rg BT 488.61 598.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 511.92 598.10 Td (ASA) Tj ET Q q 0 0 0 rg BT 531.38 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.20 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 545.36 598.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 73.72 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.21 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.05 586.10 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 139.88 586.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 178.61 586.10 Td (Inc, ) Tj ET Q q 0 0 0 rg BT 195.94 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.44 586.10 Td (related ) Tj ET Q q 0 0 0 rg BT 231.70 586.10 Td (party) Tj ET Q q 0 0 0 rg BT 251.60 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 256.16 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 266.55 586.10 Td (new ) Tj ET Q q 0 0 0 rg BT 285.27 586.10 Td (lender) Tj ET Q q 0 0 0 rg BT 309.71 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 314.27 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.33 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.93 586.10 Td (As ) Tj ET Q q 0 0 0 rg BT 331.11 586.10 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 370.94 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.67 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.17 586.10 Td (related ) Tj ET Q q 0 0 0 rg BT 415.43 586.10 Td (party ) Tj ET Q q 0 0 0 rg BT 438.04 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.43 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.70 586.10 Td (Company) Tj ET Q q 0 0 0 rg BT 500.94 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 505.50 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.78 586.10 Td (proportion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 574.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 106.37 574.10 Td (related ) Tj ET Q q 0 0 0 rg BT 136.07 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.35 574.10 Td (Metrogas ) Tj ET Q q 0 0 0 rg BT 186.62 574.10 Td (was ) Tj ET Q q 0 0 0 rg BT 204.67 574.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 252.70 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.53 574.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 283.25 574.10 Td (due ) Tj ET Q q 0 0 0 rg BT 300.19 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.46 574.10 Td (related ) Tj ET Q q 0 0 0 rg BT 340.17 574.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 369.32 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.82 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.54 574.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 429.57 574.10 Td (sheet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 550.10 Td (August 26, 2014, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.28 550.10 Td ($1,121 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.17 550.10 Td ( facility was repaid in full, and replaced by a new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.09 550.10 Td ($1,350 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.98 550.10 Td ( senior secured credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (facility with a syndicate of banks and DNB Bank ) Tj ET Q q 0 0 0 rg BT 248.57 538.10 Td (ASA) Tj ET Q q 0 0 0 rg BT 268.02 538.10 Td ( as agent. ) Tj ET Q q 0 0 0 rg BT 310.33 538.10 Td (The Company recognized a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.06 538.10 Td ($16 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.45 538.10 Td ( gain on debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (extinguishment within other financial items in the Company's consolidated statement of operations - see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.93 526.10 Td (Note 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.87 526.10 Td ( Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.31 526.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Archer ) Tj ET Q q 0 0 0 rg BT 81.39 490.10 Td (transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (On February 8, 2013, in conjunction with the private placement of ) Tj ET Q q 0 0 0 rg BT 317.44 466.10 Td (Archer) Tj ET Q q 0 0 0 rg BT 344.79 466.10 Td (, seadrill provided a guarantee to ) Tj ET Q q 0 0 0 rg BT 479.47 466.10 Td (Archer on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (payment obligations on certain financing arrangements. ) Tj ET Q q 0 0 0 rg BT 275.02 454.10 Td (The maximum liability to seadrill is limited to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.89 454.10 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.28 454.10 Td ( with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (guarantee fee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.90 442.10 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.73 442.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (On July 31, 2013, we provided ) Tj ET Q q 0 0 0 rg BT 175.55 418.10 Td (Archer with an additional guarantee of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.71 418.10 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.10 418.10 Td (, which was provided as part of ) Tj ET Q q 0 0 0 rg BT 511.29 418.10 Td (Archer) Tj ET Q q 0 0 0 rg BT 539.42 418.10 Td () Tj ET Q q 0 0 0 rg BT 542.20 418.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (divestiture of a division, to support ) Tj ET Q q 0 0 0 rg BT 191.93 406.10 Td (Archer's existing bank facilities. ) Tj ET Q q 0 0 0 rg BT 323.24 406.10 Td (The guarantee fee is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.52 406.10 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.35 406.10 Td ( per annum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (On December 31, 2013, we provided ) Tj ET Q q 0 0 0 rg BT 199.96 382.10 Td (Archer ) Tj ET Q q 0 0 0 rg BT 230.04 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.45 382.10 Td (opaz Limited, a wholly owned subsidiary of ) Tj ET Q q 0 0 0 rg BT 413.75 382.10 Td (Archer) Tj ET Q q 0 0 0 rg BT 441.11 382.10 Td (, with a guarantee of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (maximum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.88 370.10 Td ( 56 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.77 370.10 Td (, to support ) Tj ET Q q 0 0 0 rg BT 200.00 370.10 Td (Archer's credit facilities. ) Tj ET Q q 0 0 0 rg BT 300.46 370.10 Td (The guarantee fee is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.75 370.10 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.58 370.10 Td ( per annum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (On July 14, 2014, we provided ) Tj ET Q q 0 0 0 rg BT 175.55 346.10 Td (Archer Nor) Tj ET Q q 0 0 0 rg BT 221.18 346.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 232.56 346.10 Td (AS, a wholly owned subsidiary of ) Tj ET Q q 0 0 0 rg BT 370.61 346.10 Td (Archer) Tj ET Q q 0 0 0 rg BT 397.97 346.10 Td (, with a guarantee of a maximum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.20 346.10 Td ($20 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 334.10 Td (, to support ) Tj ET Q q 0 0 0 rg BT 126.12 334.10 Td (Archer's credit facilities. ) Tj ET Q q 0 0 0 rg BT 226.58 334.10 Td (The guarantee fee is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.87 334.10 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.70 334.10 Td ( per annum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (These guarantee fees are included in other financial items in our consolidated statement of operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Archer ) Tj ET Q q 0 0 0 rg BT 79.77 286.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 116.21 286.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 145.42 286.10 Td (management ) Tj ET Q q 0 0 0 rg BT 198.52 286.10 Td (support ) Tj ET Q q 0 0 0 rg BT 230.52 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.97 286.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 306.18 286.10 Td (services ) Tj ET Q q 0 0 0 rg BT 340.40 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.06 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.29 286.10 Td (Company) Tj ET Q q 0 0 0 rg BT 406.52 286.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.03 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.48 286.10 Td (char) Tj ET Q q 0 0 0 rg BT 444.50 286.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 460.95 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.17 286.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 516.06 286.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 534.17 286.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.51 286.10 Td ($0.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.64 274.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.82 274.10 Td (nil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.38 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.12 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.53 274.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.49 274.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.15 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.89 274.10 Td (months ) Tj ET Q q 0 0 0 rg BT 203.09 274.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.71 274.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 288.54 274.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.54 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.28 274.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.47 274.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.47 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.21 274.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 398.88 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.12 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.67 274.10 Td (These ) Tj ET Q q 0 0 0 rg BT 433.29 274.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 469.92 274.10 Td (are ) Tj ET Q q 0 0 0 rg BT 484.88 274.10 Td (included ) Tj ET Q q 0 0 0 rg BT 522.05 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 532.58 274.10 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 262.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 126.65 262.10 Td (expenses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Frontline transactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Frontline ) Tj ET Q q 0 0 0 rg BT 89.33 214.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 126.44 214.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 156.32 214.10 Td (management ) Tj ET Q q 0 0 0 rg BT 210.07 214.10 Td (support ) Tj ET Q q 0 0 0 rg BT 242.74 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.85 214.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 319.73 214.10 Td (services ) Tj ET Q q 0 0 0 rg BT 354.61 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.94 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.82 214.10 Td (Company) Tj ET Q q 0 0 0 rg BT 422.06 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 427.23 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.34 214.10 Td (char) Tj ET Q q 0 0 0 rg BT 461.37 214.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 478.47 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.36 214.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.92 214.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 553.69 214.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 69.39 202.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.29 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.18 202.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.51 202.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 135.90 202.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.80 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.69 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.24 202.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.35 202.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.01 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.90 202.10 Td (months ) Tj ET Q q 0 0 0 rg BT 254.24 202.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.01 202.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 337.99 202.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.99 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.89 202.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.22 202.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.22 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.11 202.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 445.77 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 450.17 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.92 202.10 Td (These ) Tj ET Q q 0 0 0 rg BT 477.69 202.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 513.47 202.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.57 202.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 190.10 Td (general ) Tj ET Q q 0 0 0 rg BT 92.20 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.14 190.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 168.85 190.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 154.10 Td (19 ) Tj ET Q q 0 0 0 rg BT 84.99 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.49 154.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 155.53 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.16 154.10 Td (contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.93 130.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 91.76 130.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.36 106.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 118.80 106.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.80 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 142.66 106.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.67 106.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.47 106.10 Td (sixteen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.79 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.15 106.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 246.93 106.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 302.72 106.10 Td (under ) Tj ET Q q 0 0 0 rg BT 326.85 106.10 Td (newbuilding ) Tj ET Q q 0 0 0 rg BT 378.20 106.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 418.06 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 434.96 106.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 472.41 106.10 Td (are ) Tj ET Q q 0 0 0 rg BT 485.98 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.99 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.57 106.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.82 94.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.81 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.30 94.10 Td (semi-submersible ) Tj ET Q q 0 0 0 rg BT 156.33 94.10 Td (rigs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.32 94.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.87 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.36 94.10 Td (drillships ) Tj ET Q q 0 0 0 rg BT 234.07 94.10 Td (and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.50 94.10 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.99 94.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 308.46 94.10 Td (rigs. ) Tj ET Q q 0 0 0 rg BT 328.27 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 346.31 94.10 Td (units ) Tj ET Q q 0 0 0 rg BT 368.25 94.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.94 94.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 425.42 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.69 94.10 Td (be ) Tj ET Q q 0 0 0 rg BT 447.62 94.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 487.31 94.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.58 94.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.58 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 522.57 94.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 94.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 94.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (As ) Tj ET Q q 0 0 0 rg BT 64.15 82.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.52 82.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 134.64 82.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.64 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.67 82.10 Td (we ) Tj ET Q q 0 0 0 rg BT 172.37 82.10 Td (have ) Tj ET Q q 0 0 0 rg BT 194.28 82.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.53 82.10 Td ($1,533 ) Tj ET Q q 0 0 0 rg BT 245.07 82.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.96 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.00 82.10 Td (related ) Tj ET Q q 0 0 0 rg BT 307.24 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.05 82.10 Td (these ) Tj ET Q q 0 0 0 rg BT 341.63 82.10 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 362.17 82.10 Td (including ) Tj ET Q q 0 0 0 rg BT 402.98 82.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 444.34 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.16 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.41 82.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 522.88 82.10 Td (yards ) Tj ET Q q 0 0 0 rg BT 547.57 82.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (other ) Tj ET Q q 0 0 0 rg BT 74.15 70.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 118.58 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.63 70.10 Td (are ) Tj ET Q q 0 0 0 rg BT 152.44 70.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 198.81 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.19 70.10 Td (make ) Tj ET Q q 0 0 0 rg BT 235.45 70.10 Td (further ) Tj ET Q q 0 0 0 rg BT 266.27 70.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 308.20 70.10 Td (amounting ) Tj ET Q q 0 0 0 rg BT 354.58 70.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.96 70.10 Td ($5,389 ) Tj ET Q q 0 0 0 rg BT 397.06 70.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.96 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 431.80 70.10 Td (These ) Tj ET Q q 0 0 0 rg BT 459.28 70.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 496.77 70.10 Td (include ) Tj ET Q q 0 0 0 rg BT 529.81 70.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (variation ) Tj ET Q q 0 0 0 rg BT 88.04 58.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 118.03 58.10 Td (spares, ) Tj ET Q q 0 0 0 rg BT 148.02 58.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 181.61 58.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 213.54 58.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 250.75 58.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 302.68 58.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 351.29 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.23 58.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 408.49 58.10 Td (preparation.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.10 772.75 Td (seadrill Limited) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 148.85 760.75 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 190.06 760.75 Td (O UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 318.97 760.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.11 760.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 409.73 760.75 Td (A) Tj ET Q q 0 0 0 rg BT 415.85 760.75 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 742.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 104.43 742.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 141.91 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 156.07 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.79 742.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 213.83 742.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 254.66 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.83 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 274.66 742.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 695.60 417.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 695.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 665.60 417.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 665.60 95.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 665.6 m 467.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 651.6 m 467.5 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 665.6 m 562.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 651.6 m 562.5 651.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 700.31 Td (\(In ) Tj ET Q q 0 0 0 rg BT 67.16 700.31 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.88 700.31 Td (millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.40 710.28 Td (As of December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.00 700.28 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 685.27 Td (4,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 670.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 670.27 Td (667) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 656.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 656.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 656.28 Td (5,389) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 76.39 628.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 86.75 628.10 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (From ) Tj ET Q q 0 0 0 rg BT 74.36 604.10 Td (time ) Tj ET Q q 0 0 0 rg BT 94.81 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.28 604.10 Td (time ) Tj ET Q q 0 0 0 rg BT 125.74 604.10 Td (we ) Tj ET Q q 0 0 0 rg BT 140.08 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.98 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.10 604.10 Td (party) Tj ET Q q 0 0 0 rg BT 182.00 604.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.18 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 198.20 604.10 Td (plaintif) Tj ET Q q 0 0 0 rg BT 226.90 604.10 Td (f ) Tj ET Q q 0 0 0 rg BT 232.92 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.93 604.10 Td (defendant, ) Tj ET Q q 0 0 0 rg BT 288.54 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.00 604.10 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 334.47 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.93 604.10 Td (various ) Tj ET Q q 0 0 0 rg BT 377.06 604.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 429.18 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 443.53 604.10 Td (demurrage, ) Tj ET Q q 0 0 0 rg BT 491.47 604.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 531.64 604.10 Td (of) Tj ET Q q 0 0 0 rg BT 539.79 604.10 Td (f-hire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.02 592.10 Td (other ) Tj ET Q q 0 0 0 rg BT 90.15 592.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 118.84 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.86 592.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 185.64 592.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 221.00 592.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 250.80 592.10 Td (from ) Tj ET Q q 0 0 0 rg BT 272.82 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.62 592.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 339.64 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.55 592.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 390.90 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.81 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.72 592.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 449.75 592.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 474.28 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.64 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.44 592.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 535.90 592.10 Td (course ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.41 580.10 Td (business ) Tj ET Q q 0 0 0 rg BT 96.38 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.78 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.64 580.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 162.59 580.10 Td (with ) Tj ET Q q 0 0 0 rg BT 182.45 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.85 580.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 243.81 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.22 580.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 289.08 580.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 332.10 580.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.74 580.10 Td (e ) Tj ET Q q 0 0 0 rg BT 347.26 580.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 378.21 580.10 Td (that ) Tj ET Q q 0 0 0 rg BT 395.28 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.57 580.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 451.65 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.05 580.10 Td (such ) Tj ET Q q 0 0 0 rg BT 482.46 580.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 510.64 580.10 Td (will ) Tj ET Q q 0 0 0 rg BT 528.28 580.10 Td (not ) Tj ET Q q 0 0 0 rg BT 543.13 580.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.20 568.10 Td (material ) Tj ET Q q 0 0 0 rg BT 92.72 568.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 122.69 568.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 173.78 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.88 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.42 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.39 568.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 252.02 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 264.78 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 280.87 568.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 325.29 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 336.38 568.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.12 568.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 417.15 568.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 435.47 568.10 Td (best ) Tj ET Q q 0 0 0 rg BT 454.34 568.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 490.42 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.51 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.49 568.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 553.68 568.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 556.10 Td (various ) Tj ET Q q 0 0 0 rg BT 96.66 556.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 131.93 556.10 Td (has ) Tj ET Q q 0 0 0 rg BT 147.76 556.10 Td (been ) Tj ET Q q 0 0 0 rg BT 169.14 556.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 206.61 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.89 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 232.72 556.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.20 556.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 314.91 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.74 556.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.57 556.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 395.16 556.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.16 556.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.42 532.10 Td (December ) Tj ET Q q 0 0 0 rg BT 105.59 532.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 131.17 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.70 532.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 180.66 532.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 230.39 532.10 Td (class ) Tj ET Q q 0 0 0 rg BT 252.92 532.10 Td (action ) Tj ET Q q 0 0 0 rg BT 280.43 532.10 Td (lawsuit, ) Tj ET Q q 0 0 0 rg BT 314.91 532.10 Td (Fuchs ) Tj ET Q q 0 0 0 rg BT 341.88 532.10 Td (et ) Tj ET Q q 0 0 0 rg BT 352.19 532.10 Td (al. ) Tj ET Q q 0 0 0 rg BT 364.99 532.10 Td (v) Tj ET Q q 0 0 0 rg BT 369.34 532.10 Td (. ) Tj ET Q q 0 0 0 rg BT 374.93 532.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 409.12 532.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 443.86 532.10 Td (et ) Tj ET Q q 0 0 0 rg BT 454.17 532.10 Td (al., ) Tj ET Q q 0 0 0 rg BT 469.47 532.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 487.28 532.10 Td (14-cv-9642 ) Tj ET Q q 0 0 0 rg BT 536.46 532.10 Td (\(LGS\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (\(KNF\), ) Tj ET Q q 0 0 0 rg BT 81.92 520.10 Td (was ) Tj ET Q q 0 0 0 rg BT 100.23 520.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 121.32 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.86 520.10 Td (US ) Tj ET Q q 0 0 0 rg BT 147.40 520.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 180.14 520.10 Td (District ) Tj ET Q q 0 0 0 rg BT 212.90 520.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 238.43 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.97 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.95 520.10 Td (Southern ) Tj ET Q q 0 0 0 rg BT 302.81 520.10 Td (District ) Tj ET Q q 0 0 0 rg BT 335.57 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.66 520.10 Td (New ) Tj ET Q q 0 0 0 rg BT 367.89 520.10 Td (Y) Tj ET Q q 0 0 0 rg BT 374.11 520.10 Td (ork, ) Tj ET Q q 0 0 0 rg BT 392.70 520.10 Td (alleging, ) Tj ET Q q 0 0 0 rg BT 430.17 520.10 Td (among ) Tj ET Q q 0 0 0 rg BT 460.14 520.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.45 520.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 513.15 520.10 Td (that ) Tj ET Q q 0 0 0 rg BT 530.91 520.10 Td (seadrill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.34 508.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 97.44 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.66 508.10 Td (its ) Tj ET Q q 0 0 0 rg BT 121.01 508.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 166.11 508.10 Td (made ) Tj ET Q q 0 0 0 rg BT 190.66 508.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 234.10 508.10 Td (false ) Tj ET Q q 0 0 0 rg BT 255.87 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.21 508.10 Td (misleading ) Tj ET Q q 0 0 0 rg BT 319.99 508.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 365.10 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.78 508.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 422.55 508.10 Td (with ) Tj ET Q q 0 0 0 rg BT 443.22 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.34 508.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 495.67 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.90 508.10 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 553.68 508.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (January ) Tj ET Q q 0 0 0 rg BT 83.06 496.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 107.52 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.92 496.10 Td (second ) Tj ET Q q 0 0 0 rg BT 143.65 496.10 Td (purported ) Tj ET Q q 0 0 0 rg BT 184.49 496.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 233.10 496.10 Td (class ) Tj ET Q q 0 0 0 rg BT 254.50 496.10 Td (action ) Tj ET Q q 0 0 0 rg BT 280.90 496.10 Td (lawsuit, ) Tj ET Q q 0 0 0 rg BT 316.74 496.10 Td (Heron ) Tj ET Q q 0 0 0 rg BT 343.70 496.10 Td (v) Tj ET Q q 0 0 0 rg BT 348.05 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 352.51 496.10 Td (seadrill ) Tj ET Q q 0 0 0 rg BT 385.57 496.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 419.20 496.10 Td (et ) Tj ET Q q 0 0 0 rg BT 428.38 496.10 Td (al., ) Tj ET Q q 0 0 0 rg BT 442.55 496.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 459.24 496.10 Td (15-cv-0429 ) Tj ET Q q 0 0 0 rg BT 507.30 496.10 Td (\(LGS\)\(KNF\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.85 484.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 88.47 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.55 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.07 484.10 Td (same ) Tj ET Q q 0 0 0 rg BT 135.91 484.10 Td (court ) Tj ET Q q 0 0 0 rg BT 158.76 484.10 Td (on ) Tj ET Q q 0 0 0 rg BT 171.06 484.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 201.13 484.10 Td (grounds. ) Tj ET Q q 0 0 0 rg BT 240.48 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 249.12 484.10 Td (e ) Tj ET Q q 0 0 0 rg BT 255.86 484.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 284.81 484.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 314.88 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.39 484.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 366.12 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.75 484.10 Td (these ) Tj ET Q q 0 0 0 rg BT 399.60 484.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 425.50 484.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 441.12 484.10 Td (can ) Tj ET Q q 0 0 0 rg BT 457.30 484.10 Td (we ) Tj ET Q q 0 0 0 rg BT 471.26 484.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 506.88 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.39 484.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.69 484.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 472.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 102.22 472.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 122.78 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.73 472.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 174.06 472.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.06 472.10 Td (no ) Tj ET Q q 0 0 0 rg BT 191.56 472.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 209.62 472.10 Td (contingency ) Tj ET Q q 0 0 0 rg BT 261.00 472.10 Td (has ) Tj ET Q q 0 0 0 rg BT 276.83 472.10 Td (been ) Tj ET Q q 0 0 0 rg BT 298.20 472.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 344.57 472.10 Td (within ) Tj ET Q q 0 0 0 rg BT 372.62 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.34 472.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 424.82 472.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 472.03 472.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 424.10 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.99 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.94 424.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 121.10 424.10 Td (held ) Tj ET Q q 0 0 0 rg BT 141.94 424.10 Td (for) Tj ET Q q 0 0 0 rg BT 154.53 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.03 424.10 Td (sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.72 400.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.32 400.10 Td (twelve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.98 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.37 400.10 Td (months ) Tj ET Q q 0 0 0 rg BT 156.20 400.10 Td (period ) Tj ET Q q 0 0 0 rg BT 184.14 400.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.40 400.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 268.87 400.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.87 400.10 Td (, ) Tj ET Q q 0 0 0 rg BT 293.76 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.59 400.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 344.08 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.80 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.40 400.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.68 400.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 442.49 400.10 Td (into ) Tj ET Q q 0 0 0 rg BT 460.43 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.26 400.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 487.98 400.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 520.36 400.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.23 388.10 Td (form ) Tj ET Q q 0 0 0 rg BT 84.11 388.10 Td (SeaMex ) Tj ET Q q 0 0 0 rg BT 120.33 388.10 Td (Ltd ) Tj ET Q q 0 0 0 rg BT 137.67 388.10 Td (with ) Tj ET Q q 0 0 0 rg BT 158.89 388.10 Td (an ) Tj ET Q q 0 0 0 rg BT 171.78 388.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 219.11 388.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 240.89 388.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 284.88 388.10 Td (by ) Tj ET Q q 0 0 0 rg BT 298.33 388.10 Td (Fintech ) Tj ET Q q 0 0 0 rg BT 331.01 388.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 371.68 388.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 390.40 388.10 Td (\(Fintech\), ) Tj ET Q q 0 0 0 rg BT 433.00 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.45 388.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.56 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.23 388.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 502.34 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.12 388.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 547.56 388.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 91.59 376.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 120.95 376.10 Td (jack-up ) Tj ET Q q 0 0 0 rg BT 153.09 376.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 184.69 376.10 Td (units ) Tj ET Q q 0 0 0 rg BT 206.29 376.10 Td (located ) Tj ET Q q 0 0 0 rg BT 237.32 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.25 376.10 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 279.96 376.10 Td (under ) Tj ET Q q 0 0 0 rg BT 304.88 376.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 339.24 376.10 Td (with ) Tj ET Q q 0 0 0 rg BT 359.17 376.10 Td (Pemex ) Tj ET Q q 0 0 0 rg BT 388.54 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.14 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.07 376.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 443.89 376.10 Td (other ) Tj ET Q q 0 0 0 rg BT 466.59 376.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 521.52 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.46 376.10 Td (Mexico ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.81 364.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.72 364.10 Td (Latin ) Tj ET Q q 0 0 0 rg BT 112.67 364.10 Td (American ) Tj ET Q q 0 0 0 rg BT 154.46 364.10 Td (countries. ) Tj ET Q q 0 0 0 rg BT 195.98 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.18 364.10 Td (The ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.09 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 223.50 364.10 Td (est ) Tj ET Q q 0 0 0 rg BT 236.98 364.10 Td (Ober) Tj ET Q q 0 0 0 rg BT 257.16 364.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 272.03 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 279.44 364.10 Td (est ) Tj ET Q q 0 0 0 rg BT 292.91 364.10 Td (Intr) Tj ET Q q 0 0 0 rg BT 307.54 364.10 Td (epid, ) Tj ET Q q 0 0 0 rg BT 329.63 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 337.04 364.10 Td (est ) Tj ET Q q 0 0 0 rg BT 350.52 364.10 Td (Defender) Tj ET Q q 0 0 0 rg BT 386.61 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 391.48 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 398.89 364.10 Td (est ) Tj ET Q q 0 0 0 rg BT 412.37 364.10 Td (Courageous) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.26 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.63 364.10 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.43 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 487.85 364.10 Td (est ) Tj ET Q q 0 0 0 rg BT 501.32 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 506.33 364.10 Td (itania ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.03 364.10 Td (jack-up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.43 352.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 98.41 352.10 Td (will ) Tj ET Q q 0 0 0 rg BT 115.95 352.10 Td (be ) Tj ET Q q 0 0 0 rg BT 127.38 352.10 Td (included ) Tj ET Q q 0 0 0 rg BT 163.80 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.56 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.76 352.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 208.08 352.10 Td (venture. ) Tj ET Q q 0 0 0 rg BT 242.55 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.39 352.10 Td (The ) Tj ET Q q 0 0 0 rg BT 261.92 352.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 282.24 352.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 314.21 352.10 Td (will ) Tj ET Q q 0 0 0 rg BT 331.76 352.10 Td (become ) Tj ET Q q 0 0 0 rg BT 364.83 352.10 Td (ef) Tj ET Q q 0 0 0 rg BT 372.42 352.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 401.61 352.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 423.59 352.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 457.79 352.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 486.98 352.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 517.85 352.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 564.51 352.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.02 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.04 340.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 127.83 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.96 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.98 340.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 203.15 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.17 340.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 259.85 340.10 Td (will ) Tj ET Q q 0 0 0 rg BT 278.21 340.10 Td (no ) Tj ET Q q 0 0 0 rg BT 291.01 340.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 319.36 340.10 Td (control ) Tj ET Q q 0 0 0 rg BT 350.48 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.50 340.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 397.18 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 414.98 340.10 Td (own ) Tj ET Q q 0 0 0 rg BT 435.00 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.24 340.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 484.46 340.10 Td (these ) Tj ET Q q 0 0 0 rg BT 507.81 340.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 540.05 340.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 564.50 340.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.57 328.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.02 328.10 Td (such ) Tj ET Q q 0 0 0 rg BT 103.48 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.83 328.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 162.84 328.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.52 328.10 Td (deconsolidate ) Tj ET Q q 0 0 0 rg BT 241.63 328.10 Td (these ) Tj ET Q q 0 0 0 rg BT 266.31 328.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 299.31 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.88 328.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 374.23 328.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 417.21 328.10 Td (its ) Tj ET Q q 0 0 0 rg BT 430.79 328.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 478.80 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.71 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.05 328.10 Td (joint ) Tj ET Q q 0 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Q q 0 0 0 rg BT 86.52 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.40 251.10 Td (partly ) Tj ET Q q 0 0 0 rg BT 121.83 251.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 142.26 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.57 251.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 191.44 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.87 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.03 251.10 Td (W) Tj ET Q q 0 0 0 rg BT 224.67 251.10 Td (est ) Tj ET Q q 0 0 0 rg BT 237.88 251.10 Td (Carina ) Tj ET Q q 0 0 0 rg BT 266.63 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.17 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.05 251.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 332.34 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.50 251.10 Td (W) Tj ET Q q 0 0 0 rg BT 355.14 251.10 Td (est ) Tj ET Q q 0 0 0 rg BT 368.35 251.10 Td (Eclipse. ) Tj ET Q q 0 0 0 rg BT 402.23 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 419.88 251.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 450.30 251.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 494.05 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.48 251.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.02 251.10 Td ($285 ) Tj ET Q q 0 0 0 rg BT 533.12 251.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.74 239.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 92.88 239.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.74 239.10 Td ($475 ) Tj ET Q q 0 0 0 rg BT 122.15 239.10 Td (million ) Tj ET Q q 0 0 0 rg BT 153.46 239.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 194.21 239.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 224.95 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.80 239.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.66 239.10 Td ($190 ) Tj ET Q q 0 0 0 rg BT 271.08 239.10 Td (million ) Tj ET Q q 0 0 0 rg BT 302.39 239.10 Td (ECA) Tj ET Q q 0 0 0 rg BT 321.84 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.26 239.10 Td (facility) Tj ET Q q 0 0 0 rg BT 351.93 239.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.67 239.10 Td (The ) Tj ET Q q 0 0 0 rg BT 374.64 239.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 424.25 239.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 461.10 239.10 Td (have ) Tj ET Q q 0 0 0 rg BT 482.39 239.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.25 239.10 Td (five ) Tj ET Q q 0 0 0 rg BT 507.22 239.10 Td (year ) Tj ET Q q 0 0 0 rg BT 526.84 239.10 Td (term ) Tj ET Q q 0 0 0 rg BT 547.59 239.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 69.71 227.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 101.64 227.10 Td (at ) Tj ET Q q 0 0 0 rg BT 111.36 227.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 143.86 227.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 163.03 227.10 Td (2.00% ) Tj ET Q q 0 0 0 rg BT 191.36 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.30 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.01 227.10 Td (ECA) Tj ET Q q 0 0 0 rg BT 242.46 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.96 227.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 275.78 227.10 Td (has ) Tj ET Q q 0 0 0 rg BT 291.61 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.55 227.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 311.05 227.10 Td (year ) Tj ET Q q 0 0 0 rg BT 330.76 227.10 Td (term ) Tj ET Q q 0 0 0 rg BT 351.58 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.52 227.10 Td (has ) Tj ET Q q 0 0 0 rg BT 384.35 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 391.29 227.10 Td (CIRR ) Tj ET Q q 0 0 0 rg BT 417.13 227.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 449.06 227.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 466.55 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.38 227.10 Td (2.12%. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 201.76699218750002 m 228.18359375 201.76699218750002 l s q 0 0 0 rg BT 50.00 203.10 Td (NADL) Tj ET Q q 0 0 0 rg BT 77.40 203.10 Td ( bond and credit facilities amendment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.76 179.10 Td (February ) Tj ET Q q 0 0 0 rg BT 99.28 179.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 124.21 179.10 Td (North ) Tj ET Q q 0 0 0 rg BT 149.43 179.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 184.07 179.10 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 218.16 179.10 Td (received ) Tj ET Q q 0 0 0 rg BT 254.45 179.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 291.86 179.10 Td (from ) Tj ET Q q 0 0 0 rg BT 313.73 179.10 Td (its ) Tj ET Q q 0 0 0 rg BT 325.60 179.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 372.46 179.10 Td (Bondholders ) Tj ET Q q 0 0 0 rg BT 425.99 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.20 179.10 Td (amend ) Tj ET Q q 0 0 0 rg BT 465.28 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.92 179.10 Td (Bond ) Tj ET Q q 0 0 0 rg BT 503.48 179.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 550.33 179.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.12 167.10 Td (NOK1.5 ) Tj ET Q q 0 0 0 rg BT 98.96 167.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 127.75 167.10 Td (Norwegian ) Tj ET Q q 0 0 0 rg BT 174.86 167.10 Td (Bond ) Tj ET Q q 0 0 0 rg BT 199.20 167.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 237.98 167.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.44 167.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 273.61 167.10 Td ( 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240.99 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.83 155.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 294.56 155.10 Td (package, ) Tj ET Q q 0 0 0 rg BT 332.44 155.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 378.39 155.10 Td (replacing ) Tj ET Q q 0 0 0 rg BT 418.22 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.07 155.10 Td (current ) Tj ET Q q 0 0 0 rg BT 464.01 155.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.62 155.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 544.24 155.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 143.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.20 143.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 144.68 143.10 Td (within ) Tj ET Q q 0 0 0 rg BT 172.74 143.10 Td (seadrill's ) Tj ET Q q 0 0 0 rg BT 212.04 143.10 Td (NOK ) Tj ET Q q 0 0 0 rg BT 236.20 143.10 Td (bonds.) 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