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

15 Jul 2024 22:05 CEST

Hamilton, Bermuda, July 15, 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 8, 2024, through July 12, 2024, the
Company purchased a total of 188,500 shares at an average price of $51.36 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)
8 JUL 2024 OSE 800 51.48 41,182
8 JUL 2024 NYSE 85,000 51.14 4,346,960
9 JUL 2024 OSE 700 51.00 35,699
9 JUL 2024 NYSE 25,000 50.54 1,263,438
10 JUL 2024 OSE 700 50.63 35,438
10 JUL 2024 NYSE 25,000 50.60 1,265,020
11 JUL 2024 OSE 650 51.14 33,240
11 JUL 2024 NYSE 25,000 51.97 1,299,338
12 JUL 2024 OSE 650 52.58 34,180
12 JUL 2024 NYSE 25,000 53.05 1,326,353
Period total OSE 3,500 51.35 179,740
NYSE 185,000 51.36 9,501,107
Total 188,500 51.36 9,680,847
Previously disclosed totals (accumulated) OSE 6,600 51.13 337,481
NYSE 321,118 51.13 16,418,132
Total 327,718 51.13 16,755,613
Program total OSE 10,100 51.21 517,221
NYSE 506,118 51.21 25,919,239
Total 516,218 51.21 26,436,459


The issuer's holding of repurchased shares: 516,218
Following the completion of the above transactions, the Company has repurchased
a total of 516,218 of its own shares, corresponding to 0.76% 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 DNB that have been carried out during the above-mentioned
period is attached to this report and available at www.newsweb.no.

About Seadrill Limited
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

623684_240712 SDRL Share Buyback Details.pdf