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NADL - Change of Corporate Management

20:00 EDT 12 Aug 2015 | Globe Newswire

HAMILTON, Bermuda, Aug. 13, 2015 (GLOBE NEWSWIRE) -- North Atlantic Drilling Ltd. ("North Atlantic Drilling" or the "Company") announces that Ragnvald Kavli, Chief Financial Officer, has decided to leave the Company to pursue other career opportunities and will step down from his duties as of August 17th 2015.

Scott McReaken will succeed Mr Kavli as Chief Financial Officer for North Atlantic Drilling. Mr McReaken will assume his new responsibilities along with his current responsibilities as Chief Executive Officer in Sevan Drilling. Mr McReaken comes with a strong background within the Seadrill Group where he has held various management positions. In addition he has held positions in other offshore drilling contractors in Norway, USA, West Africa and Latin America. He holds a bachelor of business administration in accounting from The University of Texas at Austin and is a Certified Public Accountant and Certified Internal Auditor.

The Board of North Atlantic Drilling welcomes Scott McReaken to the Executive Team and expresses their appreciation to Ragnvald Kavli for his contributions to North Atlantic Drilling.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

HUG#1945231

CONTACT: Rune Magnus Lundetrae
         Chief Financial Officer
         North Atlantic Management AS
         +44 (0)20 8811 4778
         
         Tore Byberg
         VP Commercial Finance
         North Atlantic Management AS
         +47 51 30 95 42
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