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

18 Dec 2023 22:05 CET

Hamilton, Bermuda, December 18, 2023 - Seadrill Limited ("Seadrill" or the
"Company") (NYSE & OSE: SDRL) initiated a share repurchase program December 14,
2023 to repurchase up to $250 million of the Company's common shares in open
market transactions on the OSE and NYSE until no later than September 30, 2024
pursuant to an agreement with Fearnley Securities AS and its subsidiary,
Fearnley Securities, Inc. ("Fearnley").

For the period from and including December 14 through December 15, the Company
purchased a total of 64,000 shares at an average price of $44.02 per share. The
transactions effected through the agreement with Fearnley comprise all the
transactions effected by or on behalf of the Company during the period.

Transaction overview

Date Trading Aggregated Weighted average Total daily
Venue daily share price (USD) transaction value
volume (USD)
(number of
shares)
14 Dec. 2023 OSE 10,000 43.56 435,628
14 Dec. 2023 NYSE 22,000 43.97 967,333
15 Dec. 2023 OSE 10,000 44.39 443,909
15 Dec. 2023 NYSE 22,000 44.10 970,132
Period total OSE 20,000 43.98 879,537
NYSE 44,000 44.03 1,937,465
Total 64,000 44.02 2,817,002
Previously OSE - - -
disclosed
totals
(accumulated)
NYSE - - -
Total - - -
Program total OSE 20,000 43.98 879,537
NYSE 44,000 44.03 1,937,465
Total 64,000 44.02 2,817,002

The issuer's holding of own shares: 5,881,579

Following the completion of the above transactions, the Company owned a total of
5,881,579 of its own shares, corresponding to 7.36% of the Company's share
capital.

Appendix:

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

Contact information

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@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

607004_SDRL_Share_Buyback_Details_14_15_Dec.pdf