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Wednesday, 06/29/2016 4:31:14 AM

Wednesday, June 29, 2016 4:31:14 AM

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London, United Kingdom, June 29, 2016 - Seadrill Partners LLC ("the Company") has reached an agreement with the current operator to remain on an extended standby rate of $316,000 per day with expected recommencement of work in late 2017 at the full operating rate of $526,000 per day. The unit had been down-manned in May and will be warm stacked during the extended standby period. As part of this agreement the operator must indicate its intention to recommence work by April 2017.

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