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

25 Sep 2023 22:05 CEST

Hamilton, Bermuda, September 25, 2023 - 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 18 through 22, 2023, Seadrill
purchased a total of 423,064 shares at an average price of $46.28 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)
18 Sept. 2023 OSE 8,814 48.10 423,915
18 Sept. 2023 NYSE 51,000 47.86 2,440,697
19 Sept. 2023 OSE 7,135 47.80 341,063
19 Sept. 2023 NYSE 45,948 46.84 2,152,126
20 Sept. 2023 OSE 13,062 46.95 613,313
20 Sept. 2023 NYSE 112,000 46.85 5,247,211
21 Sept. 2023 OSE 14,908 46.13 687,730
21 Sept. 2023 NYSE 42,500 45.78 1,945,663
22 Sept. 2023 OSE 16,050 45.54 730,909
22 Sept. 2023 NYSE 111,647 44.77 4,998,057
Period total OSE 59,969 46.64 2,796,929
NYSE 363,095 46.22 16,783,754
Total 423,064 46.28 19,580,683
Previously disclosed OSE 60,021 47.54 2,853,645
totals (accumulated)
NYSE 294,746 47.99 14,144,354
Total 354,767 47.91 16,997,999
Program total OSE 119,990 47.09 5,650,574
NYSE 657,841 47.01 30,928,108
Total 777,831 47.03 36,578,681

The issuer's holding
of own shares:
777,831

Following the
completion of the
above transactions,
Seadrill Limited
owned a total of
777,831 of its own
shares,
corresponding to
0.97% 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

600256_230925_SDRL_Trades_18_22_Sept_23.pdf