Seadrill Limited – Disclosure of large shareholdings

04 Apr 2023 16:23 CEST

Following and as a result of the merger between Seadrill Limited (Seadrill") and
Aquadrill LLC on 3 April 2023, an entity managed by Sculptor Capital LP
("Sculptor") holds 4,961,562 shares in Seadrill, corresponding to approximately
6.21% of the total share capital and voting rights in Seadrill, and thus crossed
the 5% threshold for disclosure of large shareholdings.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities
Trading Act and is subject to the disclosure requirement pursuant to section
5-12 of the Norwegian Securities Trading Act.

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