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

03 Sep 2024 22:05 CEST

Hamilton, Bermuda, September 3, 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 August 26, 2024, through August 30, 2024, the
Company purchased a total of 482,500 shares at an average price of $43.33 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)
26 AUG 2024 OSE - - -
26 AUG 2024 NYSE 96,500 43.87 4,233,262
27 AUG 2024 OSE - - -
27 AUG 2024 NYSE 96,500 43.46 4,193,851
28 AUG 2024 OSE - - -
28 AUG 2024 NYSE 96,500 42.77 4,127,324
29 AUG 2024 OSE - - -
29 AUG 2024 NYSE 96,500 43.45 4,192,770
30 AUG 2024 OSE - - -
30 AUG 2024 NYSE 96,500 43.10 4,158,764
Period total OSE - - -
NYSE 482,500 43.33 20,905,972
Total 482,500 43.33 20,905,972
Previously disclosed totals (accumulated) OSE 28,315 49.85 1,411,628
NYSE 2,572,159 48.33 124,323,055
Total 2,600,474 48.35 125,734,683
Program total OSE 28,315 49.85 1,411,628
NYSE 3,054,659 47.54 145,229,027
Total 3,082,974 47.56 146,640,655


The issuer's holding of repurchased shares: 3,082,974
Following the completion of the above transactions, the Company has repurchased
a total of 3,082,974 of its own shares, corresponding to 4.48% 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

626961_240830 SDRL Share Buyback Details.pdf