Weatherford International plc announced the early tender results as of 5:00 p.m., New York City time, on October 25, 2021 of the previously announced tender offer of its wholly owned subsidiary, Weatherford International Ltd., to purchase for cash up to $1,600,000,000 aggregate principal amount of its outstanding 11.00% Senior Notes due 2024. The terms and conditions of the Tender Offer are described in an Offer to Purchase, dated October 12, 2021. The aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline, as well as the percent of the aggregate principal amount of Notes outstanding constituting Early Tender Notes, is set forth in the columns entitled "Aggregate Principal Amount of Early Tender Notes" and "% of Outstanding Principal Amount Tendered," respectively. The consideration being offered for any such Early Tender Notes accepted for purchase in the Tender Offer. The Early Tender Notes will be accepted for purchase up to the Maximum Tender Amount, subject to proration, at the purchase price of $1,064.76 per $1,000 of principal number of Notes, subject to the conditions set forth in the Offer to Purchase. Because the aggregate principal amount of the Early Tender Notes tendered as of the Early Tender Deadline exceeds the Maximum Tender Amount, the aggregate principal amount of a Holder's validly tendered Notes accepted for purchase will be subject to proration. The Issuer will determine the aggregate principal amount of a Holder's validly tendered Notes accepted for purchase on a pro rata basis based on the aggregate principal amount of Notes tendered in the Tender Offer. Proration will be subject to maintaining $2,000 minimum denominations of Notes. To determine proration, the principal amount of Notes tendered by a Holder to be prorated will be multiplied by the proration factor and rounded down to the nearest $1,000. If, after applying the proration factor as described above, the principal amount of Notes that are not accepted and returned to a Holder as a result of proration would result in less than the minimum denomination of $2,000 principal amount being returned to such Holder, the Issuer will either accept or reject all of such Holder's validly tendered Notes. Any tendered Notes not accepted for purchase due to proration will be promptly returned or credited to the Holder's account. The Tender Offer will expire at Midnight, New York City time, at the end of November 8, 2021, unless extended or earlier terminated by the Issuer. However, because the aggregate principal amount of all Notes tendered as of the Early Tender Deadline exceeds the Maximum Tender Amount, the Issuer will not accept for purchase any Notes tendered after the Early Tender Deadline. Subject to the terms and conditions of the Tender Offer, holders of the Early Tender Notes will receive the Total Consideration set forth in the table above, which includes the Early Tender Payment set forth in the table above. In addition, holders of all Notes validly tendered and accepted for purchase pursuant to the Tender Offer will receive accrued and unpaid interest on such Notes from the last interest payment date with respect to such Notes to, but excluding, the Early Settlement Date. The Early Settlement Date for the Early Tender Notes is expected to be on October 27, 2021. The Issuer's obligations to accept Notes on the Early Settlement Date are subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase, including, among other things, the Issuer consummating the New Notes Issuance on terms satisfactory to it, on or prior to the Early Settlement Date, which conditions are expected to be satisfied on October 27, 2021. All Notes purchased pursuant to the Tender Offer will be cancelled. The complete terms and conditions of the Tender Offer are set forth in the Offer to Purchase. Holders are urged to read the Offer to Purchase carefully. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. This disclosure does not constitute a notice of redemption with respect to the Notes.