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

28 May 2024 22:05 CEST

Hamilton, Bermuda, May 28, 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 May 20, 2024 through May 24, 2024, the Company
purchased a total of 184,206 shares at an average price of $51.41 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)
20-May-24 NYSE 37,250 52.60 1,959,462
21-May-24 OSE 2,359 51.91 122,458
21-May-24 NYSE 33,291 52.14 1,735,889
22-May-24 OSE 4,016 51.46 206,674
22-May-24 NYSE 34,734 50.87 1,766,978
23-May-24 OSE 5,000 51.25 256,255
23-May-24 NYSE 33,040 50.72 1,675,752
24-May-24 OSE 2,979 50.94 151,757
24-May-24 NYSE 31,537 50.56 1,594,656
Period Total OSE 14,354 51.35 737,144
NYSE 169,852 51.41 8,732,737
Total 184,206 51.41 9,469,881
Previously Disclosed Buybacks Under the Program
(Accumulated) OSE 509,978 46.38 23,653,608
NYSE 3,782,117 47.14 178,272,517
Total 4,292,095 47.05 201,926,126
Program Total OSE 524,332 46.52 24,390,752
NYSE 3,951,969 47.32 187,005,254
Total 4,476,301 47.23 211,396,006

The issuer's holding of repurchased shares: 4,476,301
Following the completion of the above transactions, the Company had repurchased
a total of 4,476,301 shares, corresponding to 6.04% of the Company’s total
issued share count.

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
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

619942_240528 SDRL Share Buyback Details.pdf