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

29 Jul 2024 22:34 CEST

Hamilton, Bermuda, July 29, 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 22, 2024, through July 26, 2024, the
Company purchased a total of 158,387 shares at an average price of $54.77 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)
22 JUL 2024 OSE 650 52.14 33,891
22 JUL 2024 NYSE 24,000 53.81 1,291,493
23 JUL 2024 OSE 650 53.42 34,722
23 JUL 2024 NYSE 17,000 54.44 925,497
24 JUL 2024 OSE 450 54.26 24,418
24 JUL 2024 NYSE 23,567 54.06 1,274,034
25 JUL 2024 OSE 650 53.53 34,797
25 JUL 2024 NYSE 16,000 54.97 879,582
26 JUL 2024 OSE 420 55.79 23,431
26 JUL 2024 NYSE 75,000 55.38 4,153,672
Period total OSE 2,820 53.64 151,259
NYSE 155,567 54.79 8,524,279
Total 158,387 54.77 8,675,538
Previously disclosed totals (accumulated) OSE 12,850 51.71 664,418
NYSE 752,118 52.18 39,247,627
Total 764,968 52.17 39,912,045
Program total OSE 15,670 52.05 815,677
NYSE 907,685 52.63 47,771,906
Total 923,355 52.62 48,587,583


The issuer's holding of repurchased shares: 923,355
Following the completion of the above transactions, the Company has repurchased
a total of 923,355 of its own shares, corresponding to 1.34% 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

624223_240726 SDRL Share Buyback Details.pdf