EANS-Adhoc: Weatherford International Ltd. / Weatherford Ireland Succeeds Weatherford Switzerland as Weatherford Parent Company

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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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other
17.06.2014

GENEVA, June 17, 2014 -- Weatherford International plc, formed in
Ireland (NYSE: WFT), announced today that the shareholders of its
predecessor company Weatherford International Ltd., formed in
Switzerland, have approved changing its place of incorporation from
Switzerland to Ireland. This action was taken at an Extraordinary
General Meeting of Shareholders held yesterday at which the proposal
was overwhelmingly approved by over 98% of the shareholders voting.
Earlier today, Weatherford Switzerland merged into Weatherford
Ireland, which has now become the parent of the Weatherford
International group of companies.

Logo - http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO

With the completion of the merger mentioned above, the parent company
of the Weatherford International group of companies continues to be
subject to U.S. Securities and Exchange Commission ("SEC") reporting
requirements as well as the rules of the New York Stock Exchange (the
"NYSE"), and its ordinary shares will be exclusively listed on the
NYSE under the symbol "WFT." As previously announced, Weatherford's
shares have been delisted from the NYSE Euronext Paris, and
Weatherford also expects to delist its shares from the SIX Swiss
Exchange on or about June 19, 2014.

For full details of the change in place of incorporation, please
refer to Weatherford's proxy statement/prospectus regarding the
Extraordinary General Meeting of Shareholders filed with the SEC on
April 17, 2014.

About Weatherford

Weatherford is one of the largest multinational oilfield service
companies. Weatherford's product and service portfolio spans the
lifecycle of the well, and includes formation evaluation, well
construction, completion and production. Weatherford provides
innovative solutions, technology and services to the oil and gas
industry, and operates in over 100 countries currently employing more
than 60,000 people worldwide.

Forward-Looking Statements

This press release includes forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements are generally identified by the
words "believe," "project," "expect," "anticipate," "estimate,"
"budget," "intend," "strategy," "plan," "may," "should," "could,"
"will," "would," and "will be," and similar expressions, although not
all forward-looking statements contain these identifying words. Such
statements are based upon the current beliefs of Weatherford's
management, and are subject to significant risks, assumptions and
uncertainties. These risks and uncertainties include, but are not
limited to: the ability to complete the merger and related
transactions to change the legal domicile of Weatherford; realizing
the expected benefits from such change; the tax effects of the change
of jurisdiction of incorporation (including our maintaining Swiss tax
residency), including as it relates to the merger and other
transactions contemplated thereby; and Weatherford's ability to
obtain the necessary approvals and consents to the merger, including
the approval of applicable Swiss authorities. 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. Readers are also
cautioned that forward-looking statements are only predictions and
may differ materially from actual future events or results.
Forward-looking statements also are affected by the risk factors
described in Weatherford's Annual Report on Form 10-K (as amended)
for the year ended December 31, 2013, and those set forth from time
to time in other filings with the SEC. 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 U.S. federal securities laws.

Further inquiry note:
Weatherford Contacts

Krishna Shivram +1.713.836.4610
Executive Vice President and Chief Financial Officer

Karen David-Green +1.713.836.7430
Vice President - Investor Relations

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