EANS-Adhoc: Weatherford Announces Offering of Senior Notes

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Offering of Senior Notes

30.03.2012

GENEVA, March 30, 2012 -- Weatherford International Ltd., a Bermuda
exempted company ("Weatherford Bermuda") and a subsidiary of
Weatherford International Ltd., a Swiss joint-stock corporation
(NYSE: WFT) ("Weatherford"), announced today that it has commenced an
offering of senior notes. Weatherford and Weatherford International,
Inc., a Delaware corporation and subsidiary of Weatherford, will
fully and unconditionally guarantee the notes on a senior, unsecured
basis.

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

The net proceeds from this offering will be used to repay existing
short-term debt and for general corporate purposes. Until the net
proceeds are used for such purposes, the net proceeds may be invested
in short-term liquid investments.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Citigroup
Global Markets Inc. and Deutsche Bank Securities Inc. are acting as
the joint book-running managers. Copies of the prospectus supplement
and prospectus may be obtained at no cost by visiting EDGAR on the
SEC website at http://www.sec.gov. Alternatively, copies of the
prospectus supplement and prospectus may be requested by contacting
J.P. Morgan Securities LLC at 383 Madison Ave., New York, NY 10179,
Attn: Investment Grade Syndicate Desk (or at 212-834-4533) or Morgan
Stanley & Co. LLC at Attn: Prospectus Department, 180 Varick Street,
2nd Floor, New York, New York 10014 (or at 1-866-718-1649).

This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described in
this press release, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, sale or
solicitation would be unlawful prior to qualification under the
securities laws of any such jurisdiction. Offers of the securities
described in this press release will be made only by means of a
prospectus and prospectus supplement filed with the U.S. Securities
and Exchange Commission. The prospectus and prospectus supplement are
part of a shelf registration statement that has become effective
under the U.S. Securities Act of 1933, as amended.

Weatherford is a Swiss-based, multi-national oilfield service
company. It is one of the largest global providers of innovative
mechanical solutions, technology and services for the drilling and
production sectors of the oil and gas industry. Weatherford operates
in more than 100 countries and employs more than 60,000 people
worldwide.

Forward Looking Statements

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning, among other things, Weatherford's plan to complete a
public offering of senior notes and the anticipated use of the
proceeds of this offering. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions. These risks
and uncertainties, which are more fully described in Weatherford
International Ltd.'s reports and registration statements filed with
the SEC, include the impact of oil and natural gas prices and
worldwide economic conditions on drilling activity, the outcome of
pending government investigations, the demand for and pricing of
Weatherford's products and services, domestic and international econ
omic and regulatory conditions and changes in tax and other laws
affecting our business. Should one or more of these risks or
uncertainties materialize, or should the assumptions prove incorrect,
actual results may vary materially from those currently anticipated.

Further inquiry note:
Contacts: John H. Briscoe
Chief Financial Officer +713.836.4610

Karen David-Green
Vice President - Investor Relations +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