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

15 Apr 2024 23:17 CEST

Hamilton, Bermuda, April 15, 2024 - 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 April 8, 2024, through April 12, 2024, the
Company purchased a total of 183,635 shares at an average price of $52.68 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 Venue Volume Weighted Average Share Price (USD) Total Daily
Transaction Value (USD)
8-Apr-24 OSE 4,060 52.61 213,596
8-Apr-24 NYSE 31,940 53.03 1,693,679
9-Apr-24 OSE 3,000 53.01 159,017
9-Apr-24 NYSE 34,068 52.70 1,795,506
10-Apr-24 OSE 2,840 52.87 150,145
10-Apr-24 NYSE 33,227 53.00 1,760,961
11-Apr-24 OSE 3,407 52.83 179,978
11-Apr-24 NYSE 33,843 52.57 1,779,286
12-Apr-24 OSE 4,000 53.06 212,224
12-Apr-24 NYSE 33,250 52.02 1,729,628
Period Total OSE 17,307 52.87 914,959
NYSE 166,328 52.66 8,759,061
Total 183,635 52.68 9,674,020
Previously Disclosed Buybacks under the Program
(Accumulated) OSE 415,109 45.39 18,843,087
NYSE 2,741,784 45.72 125,367,547
Total 3,156,893 45.68 144,210,635
Program Total OSE 432,416 45.69 19,758,046
NYSE 2,908,112 46.12 134,126,608
Total 3,340,528 46.07 153,884,654

The issuer's holding of own shares: 3,340,528
Following the completion of the above transactions, the Company owned a total of
3,340,528 of its own shares, corresponding to 4.51% 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
Lydia Brantley Mabry
Director of Investor Relations
ir@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

615840_240415 SDRL Share Buyback Details.pdf