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

Hamilton, Bermuda, June 10, 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 June 3, 2024 through June 7, 2024, the Company
purchased a total of 194,562 shares at an average price of $49.35 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)
3-Jun-24	OSE	0	0.00	0
3-Jun-24	NYSE	38,750	50.11	1,941,577
4-Jun-24	OSE	3,000	48.86	146,588
4-Jun-24	NYSE	37,500	48.67	1,825,219
5-Jun-24	OSE	2,553	48.73	124,404
5-Jun-24	NYSE	35,897	49.31	1,769,923
6-Jun-24	OSE	4,284	49.13	210,491
6-Jun-24	NYSE	34,142	49.46	1,688,769
7-Jun-24	OSE	3,762	49.64	186,742
7-Jun-24	NYSE	34,674	49.26	1,707,903
Period Total	OSE	13,599	49.14	668,224
	NYSE	180,963	49.37	8,933,390
	Total	194,562	49.35	9,601,615
Previously Disclosed Buybacks Under the Program
(Accumulated)	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
Program Total	OSE	556,160	46.73	25,989,285
	NYSE	4,263,197	47.53	202,640,490
	Total	4,819,357	47.44	228,629,775

The issuer's holding of repurchased shares: 4,819,357
Following the completion of the above transactions, the Company had repurchased
a total of 4,819,357 shares, corresponding to 6.51% 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
Lydia Brantley Mabry
Director of Investor Relations
[e-mail]
 
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.

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