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

08 Jul 2024 22:05 CEST

Hamilton, Bermuda, July 8, 2024 - Seadrill Limited (“Seadrill” or the “Company”)
(NYSE & OSE: SDRL) initiated a share repurchase program June 26, 2024 to
repurchase up to $200 million of the Company’s common shares in open market
transactions on the OSE and NYSE through September 25, 2024 until no later than
September 30, 2025 pursuant to an agreement with DNB Markets (“DNB”).

For the period from and including July 1, 2024, through July 5, 2024, the
Company purchased a total of 141,502 shares at an average price of $51.13 per
share. The transactions effected through the agreement with DNB 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)
1 JUL 2024 OSE 900 50.73 45,664
1 JUL 2024 NYSE 67,800 50.77 3,441,900
2 JUL 2024 OSE 900 50.33 45,298
2 JUL 2024 NYSE 27,800 51.11 1,420,908
3 JUL 2024 OSE 900 51.43 46,289
3 JUL 2024 NYSE 13,702 52.05 713,183
4 JUL 2024 OSE 850 51.21 43,528
4 JUL 2024 NYSE - - -
5 JUL 2024 OSE 850 51.71 43,950
5 JUL 2024 NYSE 27,800 51.57 1,433,779
Period total OSE 4,400 51.08 224,729
NYSE 137,102 51.13 7,009,770
Total 141,502 51.12 7,234,499
Previously disclosed totals (accumulated) OSE 2,200 51.25 112,750
NYSE 184,016 51.13 9,408,360
Total 186,216 51.13 9,521,110
Program total OSE 6,600 51.13 337,479
NYSE 321,118 51.13 16,418,130
Total 327,718 51.13 16,755,609


The issuer's holding of repurchased shares: 327,718
Following the completion of the above transactions, the Company has repurchased
a total of 327,718 of its own shares, corresponding to 0.48% 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 DNB that have been carried out during the above-mentioned
period is attached to this report and available at www.newsweb.no.

About Seadrill
Seadrill is setting the standard in deepwater oil and gas drilling. With its
modern fleet, experienced crews, and advanced technologies, Seadrill safely,
efficiently, and responsibly unlocks oil and gas resources for national,
integrated, and independent oil companies. For further information, visit
www.seadrill.com.

Contact
Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com

More information:
Access the news on Oslo Bors NewsWeb site

623276_240708 SDRL Share Buyback Details.pdf