Hamilton, Bermuda ,June 3, 2024 -Seadrill Limited ("Seadrill " or the "Company") (NYSE & OSE: SDRL) initiated a share repurchase programDecember 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 thanSeptember 30, 2024 pursuant to an agreement withFearnley Securities AS and its subsidiary,Fearnley Securities, Inc. ("Fearnley"). For the period from and includingMay 27, 2024 throughMay 31, 2024 , the Company purchased a total of 148,494 shares at an average price of$51.40 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 OverviewDate Trading Venue Volume Weighted Average Share Price (USD) Total Daily Transaction Value (USD)27-May-24 OSE 1,520 51.22 77,85028-May-24 OSE 4,036 51.21 206,68728-May-24 NYSE 32,814 52.10 1,709,72129-May-24 OSE 4,673 51.91 242,57829-May-24 NYSE 31,977 51.20 1,637,37330-May-24 OSE 3,000 50.81 152,43130-May-24 NYSE 33,750 51.00 1,721,17231-May-24 OSE 5,000 50.15 250,76331-May-24 NYSE 31,724 51.49 1,633,580 Period Total OSE 18,229 51.03 930,308 NYSE 130,265 51.45 6,701,846 Total 148,494 51.40 7,632,154 Previously Disclosed Buybacks Under the Program (Accumulated) OSE 524,332 46.52 24,390,752 NYSE 3,951,969 47.32 187,005,254 Total 4,476,301 47.23 211,396,006 Program Total OSE 542,561 46.67 25,321,060 NYSE 4,082,234 47.45 193,707,100 Total 4,624,795 47.36 219,028,160 The issuer's holding of repurchased shares: 4,624,795 Following the completion of the above transactions, the Company had repurchased a total of 4,624,795 shares, corresponding to 6.24% 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 InformationLydia Brantley Mabry Director of Investor Relations ir@seadrill.com AboutSeadrill 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.
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