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

10 Jun 2024 22:13 CEST

Hamilton, Bermuda, June 10, 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 June 3, 2024 through June 7, 2024, the Company
purchased a total of 194,562 shares at an average price of $49.35 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)
3-Jun-24 OSE 0 0.00 0
3-Jun-24 NYSE 38,750 50.11 1,941,577
4-Jun-24 OSE 3,000 48.86 146,588
4-Jun-24 NYSE 37,500 48.67 1,825,219
5-Jun-24 OSE 2,553 48.73 124,404
5-Jun-24 NYSE 35,897 49.31 1,769,923
6-Jun-24 OSE 4,284 49.13 210,491
6-Jun-24 NYSE 34,142 49.46 1,688,769
7-Jun-24 OSE 3,762 49.64 186,742
7-Jun-24 NYSE 34,674 49.26 1,707,903
Period Total OSE 13,599 49.14 668,224
NYSE 180,963 49.37 8,933,390
Total 194,562 49.35 9,601,615
Previously Disclosed Buybacks Under the Program
(Accumulated) OSE 542,561 46.67 25,321,060
NYSE 4,082,234 47.45 193,707,100
Total 4,624,795 47.36 219,028,160
Program Total OSE 556,160 46.73 25,989,285
NYSE 4,263,197 47.53 202,640,490
Total 4,819,357 47.44 228,629,775

The issuer's holding of repurchased shares: 4,819,357
Following the completion of the above transactions, the Company had repurchased
a total of 4,819,357 shares, corresponding to 6.51% 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

621127_240610 SDRL Share Buyback Details.pdf