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

20 May 2024 22:05 CEST

Hamilton, Bermuda, May 20, 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 May 13, 2024 through May 17, 2024, the Company
purchased a total of 187,700 shares at an average price of $51.56 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)
13-May-24 OSE 2,990 50.02 149,549
13-May-24 NYSE 35,760 50.58 1,808,580
14-May-24 OSE 3,932 50.20 197,370
14-May-24 NYSE 33,068 50.97 1,685,585
15-May-24 OSE 6,417 50.61 324,736
15-May-24 NYSE 32,033 51.39 1,646,201
16-May-24 OSE 5,000 51.99 259,973
16-May-24 NYSE 31,550 52.50 1,656,252
17-May-24 NYSE 36,950 52.74 1,948,817
Period Total OSE 18,339 50.80 931,627
NYSE 169,361 51.64 8,745,435
Total 187,700 51.56 9,677,062
Previously Disclosed Buybacks Under the Program
(Accumulated) OSE 491,639 46.22 22,721,982
NYSE 3,612,756 46.92 169,527,082
Total 4,104,395 46.84 192,249,064
Program Total OSE 509,978 46.38 23,653,608
NYSE 3,782,117 47.14 178,272,517
Total 4,292,095 47.05 201,926,126

The issuer's holding of repurchased shares: 4,292,095
Following the completion of the above transactions, the Company had repurchased
a total of 4,292,095 shares, corresponding to 5.80% 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

619148_240520 SDRL Share Buyback Details.pdf