Hamilton, Bermuda ,January 22, 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 includingJanuary 15, 2024 , throughJanuary 19, 2024 , the Company purchased a total of 179,866 shares at an average price of$44.94 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 Volume Weighted AverageTotal Daily Venue Share Price (USD) Transaction Value (USD) 15-Jan-24 OSE 9,150 44.92 410,998 16-Jan-24 OSE 1,320 45.08 59,500 16-Jan-24 NYSE 40,566 44.66 1,811,584 17-Jan-24 OSE 2,100 44.10 92,614 17-Jan-24 NYSE 41,380 44.83 1,855,032 18-Jan-24 OSE 2,647 44.55 117,936 18-Jan-24 NYSE 39,603 45.11 1,786,670 19-Jan-24 OSE 3,500 45.19 158,170 19-Jan-24 NYSE 39,600 45.23 1,791,203 Period Total OSE 18,717 44.84 839,217 NYSE 161,149 44.96 7,244,489 Total 179,866 44.94 8,083,706 Previously OSE 186,822 45.58 8,516,257 Disclosed Buybacks under the Program (Accumulated) NYSE 545,028 45.84 24,985,543 Total 731,850 45.78 33,501,800 Program Total OSE 205,539 45.52 9,355,474 NYSE 706,177 45.64 32,230,032 Total 911,716 45.61 41,585,506 The issuer's holding of own shares: 911,716 Following the completion of the above transactions, the Company owned a total of 911,716 of its own shares, corresponding to 1.23% of the Company's share capital. 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 Benjamin Wiseman Corporate Finance Manager & Investor Relations T: +44 786 713 9312 E: benjamin.wiseman@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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