SDRL: 2022 Annual General Meeting of Shareholders

27 Dec 2022 07:00 CET

Hamilton, Bermuda, December 27, 2022 -Seadrill Limited ("Seadrill" or "the
Company")(NYSE & OSE: SDRL) announces today that, in accordance with its bye
-laws, it has scheduled its Annual General Meeting of Shareholders in respect of
the 2022 calendar year. The 2022 Annual General Meeting shall be held in Bermuda
on 21 March 2023.  A copy of the Notice of Annual General Meeting and Proxy
Statement will be distributed to shareholders closer to the meeting date.

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill's high-quality, technologically advanced fleet spans
all asset classes allowing its experienced crews to conduct operations from
shallow to ultra-deepwater environments.

Forward-Looking Statements

This news release includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business and the markets in which it operates.

These statements are made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company's regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward-looking statement.

Consequently, no forward-looking statement can be guaranteed. When considering
these forward-looking statements, you should also keep in mind the risks
described from time to time in the Company's filings with the SEC, including its
Annual Report on Form 20-F for the year ended December 31, 2021, filed with the
SEC on April 29, 2022 (File No. 001-39327 (http://tel:001-39327)).

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

Seadrill Contact Information

David Warwick

Director of Investor Relations

David.Warwick@Seadrill.com

More information:
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