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

17 Jun 2024 22:05 CEST

Hamilton, Bermuda, June 17, 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 10, 2024 through June 14, 2024, the
Company purchased a total of 190,705 shares at an average price of $50.37 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)
10-Jun-24 OSE 4,038 50.60 204,310
10-Jun-24 NYSE 33,212 51.77 1,719,455
11-Jun-24 OSE 7,000 50.81 355,665
11-Jun-24 NYSE 30,250 51.31 1,552,003
12-Jun-24 OSE 4,824 51.30 247,493
12-Jun-24 NYSE 32,306 51.62 1,667,506
13-Jun-24 OSE 5,054 50.55 255,455
13-Jun-24 NYSE 33,696 49.76 1,676,659
14-Jun-24 OSE 6,000 48.79 292,711
14-Jun-24 NYSE 34,325 47.61 1,634,206
Period Total OSE 26,916 50.37 1,355,634
NYSE 163,789 50.37 8,249,830
Total 190,705 50.37 9,605,464
Previously Disclosed Buybacks Under the Program
(Accumulated) 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
Program Total OSE 583,076 46.90 27,344,919
NYSE 4,426,986 47.64 210,890,321
Total 5,010,062 47.55 238,235,239

The issuer's holding of repurchased shares: 5,010,062
Following the completion of the above transactions, the Company had repurchased
a total of 5,010,062 shares, corresponding to 6.76% 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 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

621732_240617 SDRL Share Buyback Details.pdf