Seadrill Announces Transactions Made Under the Company's Share Repurchase Program

18 Sep 2023 22:06 CEST

Seadrill Limited ("Seadrill" or the "Company" (NYSE & OSE: SDRL) initiated a
share repurchase program September 12, 2023 to repurchase up to $250 million of
the Company's common shares in open market transactions on the OSE and NYSE
through March 31, 2024 pursuant to an agreement with Arctic Securities AS and
its subsidiary, Arctic Securities LLC ("Arctic").

For the period from and including September 6 through 15, 2023, Seadrill
purchased a total of 354,767 shares at an average price of USD 47.9131 per
share. The transactions effected through the agreement with Arctic comprise all
the transactions effected by or on behalf of Seadrill Limited during the period.

Transaction overview
Date Trading Aggregated daily Weighted average Total daily
Venue volume (number of share price (USD) transaction
shares) value (USD)
12 Sept. 2023 OSE 14,284 47.3446 676,270
12 Sept. 2023 NYSE 105,000 48.6866 5,112,093
13 Sept. 2023 OSE 14,949 47.9772 717,211
13 Sept. 2023 NYSE 40,000 47.3337 1,893,348
14 Sept. 2023 OSE 17,586 47.2751 831,381
14 Sept. 2023 NYSE 90,546 47.5195 4,302,701
15 Sept. 2023 OSE 13,202 47.6279 628,783
15 Sept. 2023 NYSE 59,200 47.9090 2,836,213
Period total OSE 60,021 47.5441 2,853,645
NYSE 294,746 47.9882 14,144,354
Total 354,767 47.9131 16,997,999
Previously disclosed OSE - - -
totals (accumulated)
NYSE - - -
Total - - -
Program total OSE 60,021 47.5441 2,853,645
NYSE 294,746 47.9882 14,144,354
Total 354,767 47.9131 16,997,999

The issuer's holding
of own shares:
354,767

Following the
completion of the
above transactions,
Seadrill Limited
owned a total of
354,767 of its own
shares,
corresponding to
0.44% of Seadrill
Limited's share
capital.

Appendix:

An overview of all
transactions made
under the Company's
repurchase program
and its agreement
with Arctic
Securities that have
been carried out
during the above
-mentioned time
period is attached
to this report and
available at
www.newsweb.no.

Contact information

Lydia Brantley Mabry

Director of Investor Relations

T: +1 (832) 252-7064

E: lydia.mabry@seadrill.com

About Seadrill Limited

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-deepwater environments.

More information:
Access the news on Oslo Bors NewsWeb site

599730_230918_SDRL_Trades_12_15_Sept_23.pdf