Hamilton, Bermuda, May 13, 2024 - Seadrill Limited ("Seadrill" or the "Company")
(NYSE & OSE: SDRL) initiated a share repurchase program December 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 than September 30, 2024 pursuant
to an agreement with Fearnley Securities AS and its subsidiary, Fearnley
Securities, Inc. ("Fearnley"). 
 
For the period from and including May 6, 2024 through May 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 Overview
Date	Trading Venue	Volume	Weighted Average Share Price (USD)	Total Daily
Transaction Value (USD)
6-May-24	OSE	1,855	50.45	93,577
6-May-24	NYSE	34,751	51.10	1,775,700
7-May-24	OSE	3,000	50.55	151,650
7-May-24	NYSE	34,053	51.09	1,739,706
8-May-24	OSE	1,820	50.72	92,303
8-May-24	NYSE	35,330	51.36	1,814,598
9-May-24	NYSE	36,950	52.06	1,923,576
10-May-24	OSE	5,000	51.55	257,743
10-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 Information
Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com
 
About Seadrill 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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