EANS-Adhoc: Weatherford Reports Fourth Quarter Results

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

Earnings/quarterly report
27.02.2013

-- Quarterly positive cash flow from operations of over $200 million
on record revenue exceeding $4 billion

GENEVA, Switzerland, Feb. 27, 2013 -- Weatherford International Ltd.
(NYSE and SIX: WFT) today reported fourth quarter 2012 revenues of
$4,058 million, the highest in the company's history. In addition,
Weatherford reduced net debt by $207 million via positive cash flow
from operations during the quarter.

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

Weatherford reported a loss for the quarter of $122 million or $0.16
per share. After excluding losses, net of tax, of $130 million or
$0.17 per share earnings were $8 million or $0.01 per share. The
excluded items include:

-- $43 million in professional fees associated with our accounting
for income tax remediation efforts, -- $64 million associated with
legacy lump sum contracts in Iraq consisting of operating losses $30
million and tax receivable write offs $34 million and -- $23 million
in severance, exit and other charges.

The Non-GAAP effective tax rate for the quarter was 92%.

Fourth quarter revenues of $4,058 million were up six percent
sequentially from our third quarter revenues of $3,819 million.
Fourth quarter revenues also increased nine percent from the same
quarter of 2011.

North America revenue of $1,682 million was down two percent
sequentially, in line with the sequential decline in the North
America rig count, and down one percent versus the same quarter of
2011. Stimulation & Chemicals contributed to the sequential declines.

International revenues of $2,376 million were up 13 percent
sequentially and up 18 percent versus the same quarter of 2011.
Integrated Drilling, Formation Evaluation and Well Construction led
the sequential growth with strong performance from Drilling Services
and Drilling Tools. Completion Systems also posted strong sequential
growth.

Segment operating income was $438 million on a GAAP basis. Adjusted
for excluded items segment operating income of $468 million was down
ten percent sequentially and down 23 percent from the same quarter of
2011. On an adjusted basis, corporate expenses, and research and
development were essentially flat sequentially.

For 2013, the company maintains a neutral outlook for its North
American business and expects modest revenue and operating income
growth. Internationally, the company anticipates continued growth and
expanding margins in its Latin America region, underpinned by
improvements in Mexico and Argentina. The Eastern Hemisphere also is
expected to improve in 2013, with increases in Europe, Sub-Saharan
Africa and Russia, as well as continued recovery in the Middle
East/North Africa/Asia Pacific region. For 2013, the company
currently estimates an annual effective tax rate of approximately 34
percent.

end of ad-hoc-announcement ==========================================
====================================== North America Revenues for the
quarter were $1,682 million, a one percent decrease over the same
quarter in the prior year and down $43 million or two percent
sequentially. This was the result of the continued decline in U.S.
land rig count and continued oversupply of hydraulic fracturing
capacity.

The quarter's operating income was $226 million, down $155 million or
41% from the same quarter in the prior year and down $71 million, or
24 percent, sequentially.

Middle East/North Africa/Asia Pacific Fourth quarter revenues of $851
million were 26 percent higher than the fourth quarter of 2012 and
$151 million or 22 percent higher sequentially. The sequential and
year-over-year increase in revenues was fairly broad-based and
attributable to additional activity in Saudi Arabia, Kuwait and Oman.

The current quarter's operating income of $58 million increased $24
million from the same quarter in the prior year and increased $22
million sequentially.

Europe/SSA/Russia Fourth quarter revenues of $669 million were ten
percent higher than the fourth quarter of 2011 and seven percent
higher than the prior quarter. The revenue growth, year-over-year,
came primarily from Russia and in Europe from Romania and Norway.

The current quarter's operating income of $59 million was down $21
million or 26 percent compared to the same quarter in the prior year
and down $29 million or 33 percent from the prior quarter. The
current quarter was primarily impacted by a lower level of operating
activity in Azerbaijan, SSA and the UK.

Latin America Third quarter revenues of $856 million were $88 million
or 11 percent higher than the third quarter of 2012 and up 18 percent
compared to the fourth quarter of 2011. The current quarter's
operating income of $125 million increased ten percent compared to
the same quarter in the prior year and increased 29 percent from the
prior quarter. Mexico and Argentina were the primary drivers of the
sequential increase in revenue and operating income.

Liquidity and Net Debt Net debt for the quarter decreased $207
million sequentially, primarily as a result of a decrease in working
capital of $111 million. Days sales outstanding decreased to 86 days
and days sales in inventory decreased to 81 days. Along with the
improvements in working capital, our capital expenditures of
approximately $478 million, net of lost-in-hole, were down from $540
million sequentially.

Internal Control Matters With the filing of its Form 10-K, the
company expects to report that the previously reported material
weakness in internal controls over financial reporting related to the
accounting for a percentage of completion contract in Iraq has been
remediated as of December 31, 2012.

The company expects to report with the filing of its Form 10-K that
it has not completed the remediation of the previously reported
material weakness in internal controls over financial reporting
related to income tax. In light of this material weakness we
performed additional procedures designed to ensure that our
consolidated financial statements are materially correct.

Non-GAAP Performance Measures Non-GAAP performance measures and
corresponding reconciliations to GAAP financial measures have been
provided to offer meaningful comparisons between current results and
results in prior operating periods.

Conference Call The company will host a conference call with
financial analysts to discuss the quarterly results on February 27,
2013 at 8:30 a.m. eastern standard time, 7:30 a.m. central standard
time. The company invites investors to listen to the call live via
company's website, www.weatherford.com in the Investor Relations
section. A recording of the conference call and transcript of the
call will be available on that section of the website shortly after
the call ends.

Weatherford is a Swiss-based, multi-national oilfield service
company. It is one of the largest global providers of technology and
services for the oil and gas industry. Weatherford operates in over
100 countries and employs over 70,000 people worldwide.

Contacts: John H. Briscoe +1.713.836.4610
Senior Vice President and Chief Financial Officer

Karen David-Green +1.713.836.7430
Vice President - Investor Relations

Forward-Looking Statements This press release and the documents
referenced herein contain, and the conference call announced in this
release may include, forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. This includes
statements related to future levels of earnings, revenue, expenses,
margins, capital expenditures, changes in working capital, cash
flows, tax expense, effective tax rates and net income, as well as
the prospects for the oilfield service business generally and our
business in particular, as well as statements regarding timing or
content of the financial information that will be filed with the SEC
regarding the current period. Forward-looking statements also include
any statements about the resolution or potential future resolution of
our ongoing remediation of our material weaknesses in internal
control over financial reporting for income taxes and for percentage
of completion accounting and our assessment of the degree to which
historical remediation efforts have been successful to date. It is
inherently difficult to make projections or other forward-looking
statements in a cyclical industry and given the current macroeconomic
uncertainty. Such statements are based upon the current beliefs of
Weatherford's management, and are subject to significant risks,
assumptions and uncertainties. These include the company's ability to
complete all processes necessary to the issuance of revised financial
statements, including obtaining an audit opinion from its independent
auditors, the company's inability to design or improve internal
controls to address identified issues; the impact upon operations of
legal compliance matters or internal controls review, improvement and
remediation, including the detection of wrongdoing, improper
activities or circumvention of internal controls; difficulties in
controlling expenses, including costs of legal compliance matters or
internal controls review, improvement and remediation; impact of
changes in management or staff levels, the effect of global
political, economic and market conditions on the company's projected
results; the possibility that the company may be unable to recognize
expected revenues from current and future contracts; the effect of
currency fluctuations on the company's business; the company's
ability to manage its workforce to control costs; the cost and
availability of raw materials, the company's ability to manage its
supply chain and business processes; the company's ability to
commercialize new technology; whether the company can realize
expected benefits from its redomestication of its former Bermuda
parent company; the company's ability to realize expected benefits
from its acquisitions and dispositions; the effect of a downturn in
its industry on the company's carrying value of its goodwill; the
effect of weather conditions on the company's operations; the impact
of oil and natural gas prices and worldwide economic conditions on
drilling activity; the effect of turmoil in the credit markets on the
company's ability to manage risk with interest rate and foreign
exchange swaps; the outcome of pending government investigations,
including the Securities and Exchange Commission's investigation of
the circumstances surrounding the company's material weakness in its
internal control over financial reporting of income taxes; the
outcome of ongoing litigation, including shareholder litigation
related to the company's material weakness in its internal control
over financial reporting of income taxes and its restatement of
historical financial statements; the future level of crude oil and
natural gas prices; demand for our products and services; levels of
pricing for our products and services; utilization rates of our
equipment; the effectiveness of our supply chain; weather-related
disruptions and other operational and non-operational risks that are
detailed in our most recent Form 10-K and other filings with the U.S.
Securities and Exchange Commission. Should one or more of these risks
or uncertainties materialize, or underlying assumptions prove
incorrect, actual results may vary materially from those indicated in
our forward-looking statements. Specifically, statements regarding
the current period assume that there will be no subsequent events or
other adverse developments after the date of this press release that
cause our financial statements for the current period, when filed
with the SEC, to vary materially from the amounts herein. We
undertake no obligation to correct or update any forward-looking
statement, whether as a result of new information, future events, or
otherwise, except to the extent required under federal securities
laws.

Weatherford International Ltd.
Consolidated Condensed Statements of Operations
(Unaudited)
(In Millions)

Three Months Ended
12/31/2012 12/31/2011
---------- ----------

Net Revenues:

North America $1,682 $1,700
Middle East/North
Africa/Asia 851 675
Europe/SSA/Russia 669 609
Latin America 856 726
4,058 3,710
----- -----

Operating Income
(Expense):
North America 226 381
Middle East/North
Africa/Asia 58 34
Europe/SSA/Russia 59 80
Latin America 125 114
Research and
Development (63) (64)
Corporate Expenses (49) (44)
Libya Reserve - (67)
Goodwill and Equity
Investment
Impairment - -
Sanctioned Country
Loss Contingency - -
Other Items (111) (38)
---- ---
245 396

Other Income
(Expense):
Interest Expense, Net (126) (112)
Other, Net (30) (40)
--- ---

Income (Loss) Before
Income Taxes 89 244

Benefit (Provision)
for Income Taxes:
Provision for
Operations (184) (242)
Adjustments to
Provision (19) (9)
--- ---
(203) (251)

Net Income (Loss) (114) (7)
Net Income
Attributable to
Noncontrolling
Interests (8) (6)
Net Income (Loss)
Attributable to

Weatherford $(122) $(13)
===== ====

Earnings Per Share
Attributable to
Weatherford
Basic $(0.16) $(0.02)
Diluted $(0.16) $(0.02)

Weighted Average

Shares Outstanding:
Basic 768 758
Diluted 768 758

Year Ended
12/31/2012 12/31/2011
---------- ----------

Net Revenues:
North America $6,824 $6,023
Middle East/North
Africa/Asia 2,795 2,441
Europe/SSA/Russia 2,519 2,298
Latin America 3,077 2,226
15,215 12,988
------ ------

Operating Income
(Expense):
North America 1,107 1,259
Middle East/North
Africa/Asia 171 92
Europe/SSA/Russia 315 287
Latin America 395 254
Research and
Development (257) (245)
Corporate Expenses (196) (177)
Libya Reserve - (67)
Goodwill and Equity
Investment
Impairment (793) -
Sanctioned Country
Loss Contingency (100) -
Other Items (344) (96)
---- ---
298 1,307

Other Income
(Expense):
Interest Expense, Net (486) (453)
Other, Net (100) (107)
---- ----

Income (Loss) Before
Income Taxes (288) 747

Benefit (Provision)
for Income Taxes:
Provision for
Operations (471) (544)
Adjustments to
Provision 9 2
--- ---
(462) (542)

Net Income (Loss) (750) 205
Net Income
Attributable to
Noncontrolling

Interests (28) (16)
--- ---
Net Income (Loss)
Attributable to
Weatherford $(778) $189
===== ====

Earnings Per Share
Attributable to
Weatherford
Basic $(1.02) $0.25
Diluted $(1.02) $0.25

Weighted Average

Shares Outstanding:
Basic 765 753
Diluted 765 760

Weatherford International Ltd.
Selected Statements of Operations Information
(Unaudited)
(In Millions)

Three Months Ended
------------------
12/31/2012 9/30/2012 6/30/2012 3/31/2012 12/31/2011
---------- --------- --------- --------- ----------

Net Revenues:
North America $1,682 $1,725 $1,663 $1,754 $1,700
Middle East/
North Africa/
Asia 851 700 649 595 675

Europe/SSA/

Russia 669 626 653 571 609
Latin America 856 768 782 671 726
$4,058 $3,819 $3,747 $3,591 $3,710
====== ====== ====== ====== ======

Three Months Ended
------------------
12/31/2012 9/30/2012 6/30/2012 3/31/2012 12/31/2011
---------- --------- --------- --------- ----------

Operating Income

(Expense): North America $226 $297 $226
$358 $381 Middle East/ North Africa/

Asia 58 36 24 53 34
Europe/SSA/
Russia 59 88 102 66 80
Latin America 125 97 90 83 114
Research and
Development (63) (68) (64) (62) (64)
Corporate
Expenses (49) (48) (49) (50) (44)
Libya Reserve - - - - (67)
Goodwill and

Equity Investment Impairment - -
(793) - - Sanctioned Country Loss

Contingency - - (100) - -
Other Items (111) (87) (68) (78) (38)
$245 $315 $(632) $370 $396
==== ==== ===== ==== ====

Three Months Ended
------------------
12/31/2012 9/30/2012 6/30/2012 3/31/2012 12/31/2011
---------- --------- --------- --------- ----------

Product Line

Revenues:
Formation
Evaluation and
Well

Construction(1) $2,348 $2,128 $2,058 $2,034 $2,074
Completion and
Production(2) 1,710 1,691 1,689 1,557 1,636
$4,058 $3,819 $3,747 $3,591 $3,710
====== ====== ====== ====== ======

Three Months Ended
------------------
12/31/2012 9/30/2012 6/30/2012 3/31/2012 12/31/2011
---------- --------- --------- --------- ----------

Depreciation and

Amortization: North America $108 $108 $101
$95 $90 Middle East/ North Africa/

Asia 94 90 85 83 82
Europe/SSA/
Russia 71 63 60 61 59
Latin America 63 61 59 55 52
Research and
Development and
Corporate 7 7 6 5 6
$343 $329 $311 $299 $289
==== ==== ==== ==== ====

(1) Formation Evaluation and Well Construction includes Drilling Services, Well
Construction, Integrated Drilling, Wireline and Evaluation Services,
Drilling Tools and Fishing and Re-entry.

(2) Completion and Production includes Artificial Lift Systems, Stimulation and
Chemicals, Completion Systems and Pipeline and Specialty Services

We report our financial results in accordance with generally accepted
accounting principles (GAAP). However, Weatherford's management
believes that certain non-GAAP financial measures and ratios (as
defined under the SEC's Regulation G) may provide users of this
financial information additional meaningful comparisons between
current results and results in prior periods. The non-GAAP
financial measures we may present from time to time include: 1)
operating income or income from continuing operations excluding
certain charges or amounts, 2) the provision for income taxes
excluding discrete items and 3) the resulting non-GAAP net income and
per share amounts. These adjusted amounts are not measures of
financial performance under GAAP. Accordingly, these amounts should
not be considered as a substitute for operating income, provision for
income taxes, net income or other data prepared and reported in
accordance with GAAP. See the table below for supplemental financial
data and corresponding reconciliations to GAAP financial measures for
the three months ended December 31, 2012, September 30, 2012, and
December 31, 2011 and for the years ended December 31, 2012 and 2011.
Non-GAAP financial measures should be viewed in addition to, and not
as an alternative to, the Company's reported results prepared in
accordance with GAAP.

Weatherford International Ltd.
Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited)
(In Millions, Except Per Share Amounts)

Three Months Ended
------------------
12/31/2012 9/30/2012 12/31/2011
Operating Income:
GAAP Operating Income $245 $315 $396
Goodwill and Equity
Investment Impairment - - -
Sanctioned Country Loss
Contingency - - -
Legacy Contracts 30 14 (5)
Libya Reserve - - 67
Other Adjustments 31 46 26
Tax Remediation and
Restatement Expenses 50 27 12
Non-GAAP Operating Income $356 $402 $496
==== ==== ====

Income (Loss) Before Income
Taxes:
GAAP Income (Loss) Before
Income Taxes $89 $163 $244
Goodwill and Equity
Investment Impairment - - -
Sanctioned Country Loss
Contingency - - -
Legacy Contracts 30 14 (5)
Libya Reserve - - 67
Other Adjustments 31 46 31
Tax Remediation and
Restatement Expenses 50 27 12
Non-GAAP Income (Loss)
Before Income Taxes $200 $250 $349
==== ==== ====

Benefit (Provision) for
Income Taxes:
GAAP Benefit (Provision) for
Income Taxes $(203) $(86) $(251)
Goodwill and Equity
Investment Impairment - - -
Sanctioned Country Loss
Contingency - - -
Legacy Contracts 34 - -
Other Adjustments (8) (14) (7)
Tax Remediation and
Restatement Expenses (7) (3) (6)
Legal Entity Reorganization
Charges - - 22
Non-GAAP Benefit (Provision)
for Income Taxes $(184) $(103) $(242)
===== ===== =====

Net Income (Loss)
Attributable to Weatherford:
GAAP Net Income (Loss) $(122) $70 $(13)
Total Charges, net of tax 130 (a) 70 (b) 114
(c)
Non-GAAP Net Income $8 $140 $101
=== ==== ====

Diluted Earnings (Loss) Per

Share Attributable to
Weatherford:
GAAP Diluted Earnings (Loss)

per Share $(0.16) $0.09 $(0.02)
Total Charges, net of tax 0.17 0.09 0.15
---- ---- ----
Non-GAAP Diluted Earnings
per Share $0.01 $0.18 $0.13
===== ===== =====

GAAP Effective Tax Rate (f) 228% 53% 103%

Annual Effective Tax Rate (g) 92% 41%
69%

Twelve Months Ended
-------------------
12/31/2012 12/31/2011
Operating Income:
GAAP Operating Income $298 $1,307
Goodwill and Equity
Investment Impairment 793 -
Sanctioned Country Loss
Contingency 100 -
Legacy Contracts 137 (13)
Libya Reserve - 67
Other Adjustments 104 74
Tax Remediation and
Restatement Expenses 103 22
Non-GAAP Operating Income $1,535 $1,457
====== ======

Income (Loss) Before Income
Taxes:
GAAP Income (Loss) Before
Income Taxes $(288) $747
Goodwill and Equity
Investment Impairment 793 -
Sanctioned Country Loss
Contingency 100 -
Legacy Contracts 137 (13)
Libya Reserve - 67
Other Adjustments 101 79
Tax Remediation and
Restatement Expenses 103 22
Non-GAAP Income (Loss)
Before Income Taxes $946 $902
==== ====

Benefit (Provision) for
Income Taxes:
GAAP Benefit (Provision) for
Income Taxes $(462) (542)
Goodwill and Equity
Investment Impairment (1) -
Sanctioned Country Loss
Contingency (1) -
Legacy Contracts 34 -
Other Adjustments (25) (14)
Tax Remediation and
Restatement Expenses (16) (10)
Legal Entity Reorganization
Charges - 22
Non-GAAP Benefit (Provision)
for Income Taxes $(471) $(544)
===== =====

Net Income (Loss)
Attributable to Weatherford:
GAAP Net Income (Loss) $(778) $189
Total Charges, net of tax 1,225 (d) 153 (e)
Non-GAAP Net Income $447 $342
==== ====

Diluted Earnings (Loss) Per

Share Attributable to
Weatherford:
GAAP Diluted Earnings (Loss)

per Share $(1.02) $0.25
Total Charges, net of tax 1.60 0.20
---- ----
Non-GAAP Diluted Earnings
per Share $0.58 $0.45
===== =====

GAAP Effective Tax Rate (f) -160% 73%

Annual Effective Tax Rate (g) 50% 60%

Note (a): Non-GAAP adjustments are comprised of (i) tax restatement
and remediation expenses of $43 million, (ii) $64 million in
operating losses and tax expense related to legacy lump sum contracts
in Iraq, (iii) $23 million in other adjustments consisting of
severance and other charges including $7 million in investigation
related expenses.

Note (b): Non-GAAP adjustments are comprised of (i) tax restatement
and remediation expenses of $23 million, (ii) $14 million in
operating losses related to legacy lump sum contracts in Iraq, (iii)
$33 million in other adjustments including $11 million in fees and
expenses associated with our Q3 debt consent solicitation, a $18
million lower of cost or market adjustment to the carrying value of
our inventory and $4 million in severance, exit and other charges.

Note (c): Non-GAAP adjustments are comprised of (i) a $67 million
charge primarily to reserve accounts receivable, inventory and
machinery and equipment in Libya (ii) $22 million in withholding
taxes and legal and professional costs incurred in conjunction with
our tax planning activities,(iii) $6 million in tax material weakness
remediation and restatement expenses and (v) severance, exit and
other charges of $19 million.

Note (d): Non-GAAP adjustments are comprised of (i) goodwill and
equity method investment impairments of $793 million, (ii) $100
million loss accrual related to sanctioned country matters, (iii) tax
restatement and remediation expenses of $87 million, (iv) $171
million in operating losses and tax expense related to legacy lump
sum contracts in Iraq, (v) $74 million in severance, exit and other
charges including $11 million in fees and expenses associated with
our Q3 debt consent solicitation, $19 million in lower of cost or
market adjustments to the carrying value of our inventory and $9
million in investigation related expenses.

Note (e): Non-GAAP adjustments are comprised of (i) a $67 million
charge primarily to reserve accounts receivable, inventory and
machinery and equipment in Libya (ii) $22 million in withholding
taxes and legal and professional costs incurred in conjunction with
our tax planning activities (iii) $12 million in tax material
weakness remediation and restatement expenses and (v) severance, exit
and other charges of $52 million, including $10 million incurred in
conjunction with the ongoing investigations and $9 million associated
with the termination of a corporate consulting contract.

Note (f): GAAP Effective Tax Rate is GAAP provision for income taxes
divided by GAAP income before income taxes.

Note (g): Annual Effective Tax Rate is the Non-GAAP provision for
income taxes divided by Non-GAAP income before income taxes.

Weatherford International Ltd.
Selected Balance Sheet Data
(Unaudited)
(In Millions)

12/31/2012 9/30/2012 6/30/2012 3/31/2012 12/31/2011
---------- --------- --------- --------- ----------

Assets:
Cash and Cash Equivalents $300 $365 $381 $339 $371
Accounts Receivable, Net 3,885 3,911 3,608 3,358 3,233
Inventories, Net 3,675 3,676 3,399 3,301 3,158
Property, Plant and
Equipment, Net 8,299 8,122 7,733 7,591 7,287
Goodwill and Intangibles,
Net 4,637 4,653 4,581 5,152 5,134
Equity Investments 646 642 629 634 616

Liabilities:

Accounts Payable $2,108 $2,023 $1,635 $1,684
$1,571 Short-term Borrowings and Current Portion of
Long-term Debt 1,585 1,606 1,263 1,902
1,320 Long-term Debt 7,049 7,300 7,311
5,989 6,286

Weatherford International Ltd.
Net Debt
(Unaudited)
(In Millions)

Change in Net Debt
for the Three Months
Ended 12/31/2012:
Net Debt at 9/30/2012 $(8,541)
Operating Income 245
Depreciation and
Amortization 343
Other Items 111
Capital Expenditures (507)
Decrease in Working
Capital 111
Income Taxes Paid (174)
Interest Paid (77)
Acquisitions and
Divestitures of
Assets and
Businesses, Net 19
Other 136
---
Net Debt at
12/31/2012 $(8,334)
=======

Change in Net Debt
for the Twelve
Months Ended
12/31/2012:
Net Debt at

12/31/2011 $(7,235)
Operating Income 298
Depreciation and
Amortization 1,282
Goodwill and
Investment
Impairment 793
Sanctioned Country
Loss Contingency 100
Other Items 344
Capital Expenditures (2,177)
Increase in Working
Capital (632)
Income Taxes Paid (443)
Interest Paid (478)
Acquisitions and
Divestitures of
Assets and
Businesses, Net (112)
Other (74)
---
Net Debt at
12/31/2012 $(8,334)
=======

Components of Net
Debt 12/31/2012 9/30/2012 12/31/2011
---------- --------- ----------
Cash $300 $365 $371
Short-term
Borrowings and
Current Portion of
Long-term Debt (1,585) (1,606) (1,320)
Long-term Debt (7,049) (7,300) (6,286)
------ ------ ------
Net Debt $(8,334) $(8,541) $(7,235)
======= ======= =======

"Net Debt" is debt less cash. Management believes that Net Debt
provides useful information regarding the level of Weatherford
indebtedness by reflecting cash that could be used to repay debt.

Working capital is defined as accounts receivable plus inventory less
accounts payable.

Further inquiry note:
Contacts: John H. Briscoe +1.713.836.4610
Senior Vice President and Chief Financial Officer

Karen David-Green +1.713.836.7430
Vice President - Investor Relations

end of announcement euro adhoc
--------------------------------------------------------------------------------

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