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

Hamilton, Bermuda, June 17, 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 10, 2024 through June 14, 2024, the
Company purchased a total of 190,705 shares at an average price of $50.37 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)
10-Jun-24	OSE	4,038	50.60	204,310
10-Jun-24	NYSE	33,212	51.77	1,719,455
11-Jun-24	OSE	7,000	50.81	355,665
11-Jun-24	NYSE	30,250	51.31	1,552,003
12-Jun-24	OSE	4,824	51.30	247,493
12-Jun-24	NYSE	32,306	51.62	1,667,506
13-Jun-24	OSE	5,054	50.55	255,455
13-Jun-24	NYSE	33,696	49.76	1,676,659
14-Jun-24	OSE	6,000	48.79	292,711
14-Jun-24	NYSE	34,325	47.61	1,634,206
Period Total	OSE	26,916	50.37	1,355,634
	NYSE	163,789	50.37	8,249,830
	Total	190,705	50.37	9,605,464
Previously Disclosed Buybacks Under the Program
(Accumulated)	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
Program Total	OSE	583,076	46.90	27,344,919
	NYSE	4,426,986	47.64	210,890,321
	Total	5,010,062	47.55	238,235,239

The issuer's holding of repurchased shares: 5,010,062
Following the completion of the above transactions, the Company had repurchased
a total of 5,010,062 shares, corresponding to 6.76% 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
[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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