NADL - North Atlantic Drilling Ltd. Files For Initial Public Offering

HAMILTON, Bermuda, Nov. 11, 2013 (GLOBE NEWSWIRE) --
North Atlantic Drilling Ltd. (NADL, orthe Company) announced today that it has filed its first amended registrationstatements with the United States Securities and Exchange Commission (SEC) inconnection with its initial public offering and concurrent offer to exchangepreviously issued unregistered common shares, other than the common shares ownedby affiliates of NADL, for common shares that have been registered under theSecurities Act of 1933, as amended.  These filings follow NADL's announcement onOctober 11, 2013 that it would proceed with an independent listing of its shareson the New York Stock Exchange (NYSE). The initial public offering of NADL'scommon shares and concurrent exchange offer are expected to commence after theSEC completes its review process. The amended registration statements on Form F-1 (File No. 333-185394) and Form F-4 (File No. 333-185395) can be publiclyaccessed through the EDGAR system available at http://www.sec.gov. NADL hasapplied to list its common shares on the NYSE under the symbol "NADL".Morgan Stanley will act as the Global Coordinator and Lead Bookrunner for theinitial public offering. The offering of the common shares will be made only bymeans of a prospectus. A written prospectus meeting the requirements of Section10 of the Securities Act of 1933 will be made available when the SEC hascompleted its review process.Registration statements relating to these securities have been filed with theSEC but have not yet become effective. The securities may not be sold, nor mayoffers to buy be accepted, prior to the time the registration statements becomeeffective. This news release does not constitute an offer to sell or thesolicitation of an offer to buy any securities issuable pursuant to theregistration statements, nor will there be any sale of these securities in anystate or jurisdiction in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securities laws of anysuch state or jurisdiction.About North Atlantic Drilling Ltd.North Atlantic Drilling is a leading offshore harsh environment drilling companyin which Seadrill Limited currently holds a 74 percent ownership interest. TheCompany has a fleet of seven harsh environment units in operation and twonewbuilds under construction. North Atlantic Drilling is currently listed on theN-OTC list in Norway.Forward-Looking StatementsThis press release contains "forward-looking statements."  Statements that arepredictive in nature, that depend upon or refer to future events or conditions,or that include words such as "expects," "anticipates," "intends," "plans,""believes," "estimates," "projects," "forecasts," "may," "should" and similarexpressions are forward-looking statements. These statements are not historicalfacts but instead represent only NADL' belief regarding future results, many ofwhich, by their nature are inherently uncertain and outside of NADL's control.Actual results may differ, possibly materially, from those anticipated in theseforward-looking statements.  For a discussion of some of the risks and importantfactors that could affect future results, see the discussion in NADL'sregistration statements, as amended, under the heading "Risk Factors."  NADLdoes not assume any obligation to update the information contained in this pressrelease.Contacts:Rune Magnus Lundetr√¶Chief Financial OfficerNorth Atlantic Management AS+44 (0)20 8811 4778Tore BybergVP Commercial FinanceNorth Atlantic Management AS+47 51 30 95 42This information is subject of the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act.[HUG#1742101]

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