Hamilton, Bermuda ,March 25, 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 18, 2024 , throughMarch 22, 2024 , the Company purchased a total of 191,965 shares at an average price of$49.87 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)18-Mar-24 OSE 5,000 49.61 248,03918-Mar-24 NYSE 33,200 49.63 1,647,78219-Mar-24 OSE 4,009 49.56 198,69119-Mar-24 NYSE 34,741 50.16 1,742,58820-Mar-24 OSE 3,000 49.91 149,73620-Mar-24 NYSE 35,750 50.03 1,788,70821-Mar-24 OSE 4,607 50.28 231,63621-Mar-24 NYSE 33,243 49.94 1,660,00922-Mar-24 OSE 4,354 49.24 214,38422-Mar-24 NYSE 34,061 49.64 1,690,941 Period Total OSE 20,970 49.71 1,042,486 Period Total NYSE 170,995 49.88 8,530,029 Period Total Total 191,965 49.87 9,572,515 Previously Disclosed Buybacks under the Program (Accumulated) OSE 369,046 44.76 16,517,514 Previously Disclosed Buybacks under the Program (Accumulated) NYSE 2,256,137 44.66 100,769,150 Previously Disclosed Buybacks under the Program (Accumulated) Total 2,625,183 44.68 117,286,665 Program Total OSE 390,016 45.02 17,560,001 Program Total NYSE 2,427,132 45.03 109,299,179 Program Total Total 2,817,148 45.03 126,859,180 The issuer's holding of own shares: 2,817,148 Following the completion of the above transactions, the Company owned a total of 2,817,148 of its own shares, corresponding to 3.80% 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.Seadrill contact informationLydia Brantley Mabry Director of Investor Relations ir@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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