Hamilton, Bermuda ,May 13, 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 includingMay 6, 2024 throughMay 10, 2024 , the Company purchased a total of 186,100 shares at an average price of$51.25 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)6-May-24 OSE 1,855 50.45 93,5776-May-24 NYSE 34,751 51.10 1,775,7007-May-24 OSE 3,000 50.55 151,6507-May-24 NYSE 34,053 51.09 1,739,7068-May-24 OSE 1,820 50.72 92,3038-May-24 NYSE 35,330 51.36 1,814,5989-May-24 NYSE 36,950 52.06 1,923,57610-May-24 OSE 5,000 51.55 257,74310-May-24 NYSE 33,341 50.63 1,688,148 Period Total OSE 11,675 50.99 595,273 NYSE 174,425 51.26 8,941,729 Total 186,100 51.25 9,537,002 Previously Disclosed Buybacks Under the Program (Accumulated) OSE 479,964 46.10 22,126,708 NYSE 3,438,331 46.70 160,585,353 Total 3,918,295 46.63 182,712,061 Program Total OSE 491,639 46.22 22,721,982 NYSE 3,612,756 46.92 169,527,082 Total 4,104,395 46.84 192,249,064 The issuer's holding of repurchased shares: 4,104,395 Following the completion of the above transactions, the Company had repurchased a total of 4,104,395 shares, corresponding to 5.54% 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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