SDRL - Change to Board of Directors

25 Jan 2023 07:05 CET

Hamilton, Bermuda, 25 January 2023 - Seadrill Limited ("Seadrill" or "the
Company") (NYSE & OSE: SDRL) is pleased to announce the appointment of Ana
Zambelli as a new board director.

Ms. Zambelli brings significant industry experience to the Company, with more
than 20 years' experience in the energy services sector in operational,
commercial and finance roles. Ms. Zambelli served as Chief Commercial Officer at
Maersk Drilling, Managing Director at Transocean, and President of the Brazilian
division of Schlumberger. Last, she served as a Managing Director in
Brookfield's Private Equity Group, responsible for business operations in
Brazil, where she also provided operational and financial oversight for
Brookfield portfolio companies. Ms. Zambelli previously served as an independent
member of the Board of Directors of Petrobras and Braskem, and was the founder
and leader of the Diversity Committee at the Brazilian Petroleum Institute (IBP)
from 2018 to present.

Julie Robertson, Chair of the Board, commented: "We warmly welcome Ana to the
Seadrill Board. Her extensive experience in the energy services sector,
including executive management positions for leading drilling contractors,
together with her board experience, complement the Seadrill Board and management
team, who are focussed on continuing to position Seadrill as the leading
offshore driller."

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 across
geographies, from shallow to ultra-deep-water 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@hawthornadvisors.com

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