EANS-Adhoc: Weatherford Files Form 8-K

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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Form 8-K

23.02.2012

GENEVA, Feb. 22, 2012 -- Weatherford International Ltd. (NYSE /
Euronext Paris / SIX: WFT) today informs its shareholders that a Form
8-K has been filed with the U.S. Securities and Exchange Commission
("SEC"). The Form 8-K discloses that on February 15, 2012
Weatherford's Board of Directors approved an Executive Compensation
Clawback Policy setting out the terms under which Weatherford may
seek to recover incentive compensation from its officers under
certain circumstances. The Board of Director's also amended the
Articles of Association of Weatherford International Ltd. to reflect
a CHF 1.9 million increase in capital from the issuance of 1.7
million shares from conditional capital on the exercise of warrants.
The Compensation Committee of Weatherford's Board of Directors
established new criteria for future awards of performance units to
officers. These performance criteria include metrics based on (a)
total shareholder return relative to certain Weatherford peers and
(b) compounded annual growth rate of shareholder value. The
Compensation Committee also approved an addendum for use with certain
future equity grants under the Weatherford International Ltd. 2010
Omnibus Incentive Plan and established the 2012 base salaries of its
corporate officers.

(Logo: http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO)

Weatherford International Ltd. makes available free of charge on its
website, its Annual Report on Form 10-K, Quarterly Reports on Form
10-Q, Current Reports on Form 8-K, reports filed pursuant to Section
16 of the U.S. Securities Exchange Act of 1934 and amendments to
those reports filed with or furnished to the SEC as soon as
reasonably practicable after Weatherford International Ltd.
electronically files these documents with, or furnishes them to, the
SEC. These documents are posted on Weatherford International Ltd.'s
website at www.weatherford.com - under "Investor Relations."

The SEC maintains a website that contains reports, proxy statements
and other information regarding issuers that file electronically with
the SEC. These materials may be obtained electronically by accessing
the SEC's home page at http://www.sec.gov.

Copies of the above referenced information will also be made
available, free of charge, by calling or upon written request to:

Weatherford International Ltd.
Investor Relations
4-6 Rue Jean-Francois Bartholoni
1204 Geneva, Switzerland

SOURCE Weatherford International Ltd.

Further inquiry note:
Andrew P. Becnel +41.22.816.1502
Chief Financial Officer

Karen David-Green
Vice President - Investor Relations +1.713.836.7430

end of announcement euro adhoc
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issuer: Weatherford International Ltd.
Rue Jean-Francois Bartholoni 4-6
CH-1204 Geneva
phone: +41.22.816.1500
FAX: +41.22.816.1599
mail: karen.david-green@weatherford.com
WWW: http://www.weatherford.com
sector: Oil & Gas - Upstream activities
ISIN: CH0038838394
indexes:
stockmarkets: Main Standard: SIX Swiss Exchange, stock market: New York, Euronext
Paris
language: English