Hamilton, Bermuda ,March 18, 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 includingMarch 11, 2024 , throughMarch 15, 2024 , the Company purchased a total of 201,335 shares at an average price of$47.88 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)11-Mar-24 OSE 4,763 46.49 221,41811-Mar-24 NYSE 37,142 46.82 1,738,81012-Mar-24 OSE 2,492 47.00 117,12912-Mar-24 NYSE 37,588 47.03 1,767,88013-Mar-24 OSE 3,749 47.71 178,86613-Mar-24 NYSE 36,351 48.05 1,746,60414-Mar-24 OSE 2,500 48.36 120,91014-Mar-24 NYSE 38,000 48.56 1,845,12015-Mar-24 OSE 5,952 49.30 293,43615-Mar-24 NYSE 32,798 49.06 1,609,122 Period Total OSE 19,456 47.89 931,759 Period Total NYSE 181,879 47.88 8,707,537 Period Total Total 201,335 47.88 9,639,296 Previously Disclosed Buybacks under the Program (Accumulated) OSE 349,590 44.58 15,585,755 Previously Disclosed Buybacks under the Program (Accumulated) NYSE 2,074,258 44.38 92,061,613 Previously Disclosed Buybacks under the Program (Accumulated) Total 2,423,848 44.41 107,647,369 Program Total OSE 369,046 44.76 16,517,514 Program Total NYSE 2,256,137 44.66 100,769,150 Program Total Total 2,625,183 44.68 117,286,665 The issuer's holding of own shares: 2,625,183 Following the completion of the above transactions, the Company owned a total of 2,625,183 of its own shares, corresponding to 3.54% 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 informationLydia Brantley Mabry Director of Investor Relations T: +1 (832) 252-7064 E: lydia.mabry@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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