Hamilton, Bermuda ,April 29, 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 includingApril 22, 2024 throughApril 26, 2024 , the Company purchased a total of 192,150 shares at an average price of$50.04 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)22-Apr-24 OSE 4,000 49.26 197,04022-Apr-24 NYSE 34,350 50.24 1,725,59323-Apr-24 OSE 575 49.77 28,61823-Apr-24 NYSE 36,975 50.81 1,878,77424-Apr-24 OSE 2,500 50.06 125,15424-Apr-24 NYSE 36,250 49.82 1,805,81225-Apr-24 OSE 2,086 50.13 104,57925-Apr-24 NYSE 36,664 49.32 1,808,19526-Apr-24 OSE 4,000 49.65 198,61226-Apr-24 NYSE 34,750 50.13 1,741,945 Period Total OSE 13,161 49.69 654,001 NYSE 178,989 50.06 8,960,318 Total 192,150 50.04 9,614,320 Previously Disclosed Buybacks Under the Program (Accumulated) OSE 449,721 45.89 20,639,254 NYSE 3,079,939 46.36 142,801,074 Total 3,529,660 46.30 163,440,329 Program Total OSE 462,882 46.00 21,293,256 NYSE 3,258,928 46.57 151,761,392 Total 3,721,810 46.50 173,054,648 The issuer's holding of repurchased shares: 3,721,810 Following the completion of the above transactions, the Company had repurchased a total of 3,721,810 shares, corresponding to 5.03% 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 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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