Seadrill Limited, along with its affiliates, filed second amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on February 26, 2018. As per the amended plan filed, AOD Credit Agreement Guarantee Claims against Seadrill Limited amount to $210 million will have estimated recovery of 92% and will be paid pro rata share of participation in the amended credit facility. NADL Credit Agreement Guarantee Claims against Seadrill Limited amount to $908.3 million will have estimated recovery of 92% and will be paid pro rata share of participation in the amended credit facility.

Sevan Credit Agreement Guarantee Claims against Seadrill Limited amount to $875 million will have estimated recovery of 92% and will be paid pro rata share of participation in the amended credit facility. General Unsecured Claims against Seadrill Limited amount to $3.2 billion and will have recovery of 47%. General Unsecured Claims against the Newbuild Debtors and Seadrill UK Ltd. amount to $1.06 billion and will have no recovery under the plan.

General Unsecured Claims against NADL have recovery of 33%. New Secured Notes Indenture by NSNCo in the aggregate principal amount of $880 million. Holders of equity rights and Holders of the Note Rights shall receive the opportunity to purchase up to $48.1 million and $119.4 million of the New Seadrill Common Shares on a pro rata basis.

Unsecured cash out facility cash in an amount of $23 million will be made available to certified Non-eligible holders on account of equity rights and note rights plus unsecured pool cash of $17 million to be made available for the payment of general unsecured creditors. Seadrill Limited, along with its affiliates, filed modified second amended joint plan of reorganization in the US Bankruptcy Court on April 12, 2018. As per the modified plan filed, there is no change in claim class and in there mode of repayment.

Seadrill Limited, along with its affiliates, filed second modified amended joint plan of reorganization in the US Bankruptcy Court on April 16, 2018. As per the amended plan filed, there is no change in claim class and in there mode of repayment.