Hamilton, Bermuda ,February 27, 2020 -Seadrill Limited ("Seadrill" or the "Company") is pleased to announce thatBirgit Aagaard-Svendsen andHerman R. Flinder will be joining the board fromFebruary 27, 2020 , replacingEugene I. Davis andScott D. Vogel who have taken the decision to step down from their current positions.Ms. Aagaard-Svendsen brings with her extensive of experience serving on boards and as audit committee chair of public companies. Her previous experience includes serving as chief financial officer in the shipping companyJ. Lauritzen A/S for 18 years and as a member of the board ofDanske Bank A/S for 16 years.Mr. Flinder is a co-founder ofNorse Partners LLC andEnergy Investment Management LLC , which manage a portfolio of investments in oil service companies. He serves on the boards ofNoram Drilling Company AS, Panther Fluids Management LLC andWolf Downhole Motors LLC . He previously was a managing partner ofFearnley Offshore LLC inHouston . He brings to the board 30 years of experience in the offshore industry. Glen Ole Rødland, Chairman commented: "I would like to thank Gene and Scott for their dedication to Seadrill since they took up their board seats in 2018 in connection with our restructuring. As we enter the next chapter in Seadrill's history, I would like to welcome Birgit and Herman to the Seadrill board. They are joining a team dedicated to helping Seadrill deliver on its potential and continuing to lead industry standards." This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act.
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