Hamilton, Bermuda ,April 22, 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 15, 2024 throughApril 19, 2024 , the Company purchased a total of 189,132 shares at an average price of$50.52 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)15-Apr-24 OSE 5,000 52.24 261,19215-Apr-24 NYSE 31,932 51.47 1,643,55016-Apr-24 OSE 3,000 51.17 153,49616-Apr-24 NYSE 34,250 51.30 1,756,99417-Apr-24 OSE 2,000 51.36 102,71817-Apr-24 NYSE 35,750 50.63 1,810,00818-Apr-24 OSE 3,533 50.04 176,80818-Apr-24 NYSE 35,217 49.59 1,746,36519-Apr-24 OSE 3,772 49.57 186,99519-Apr-24 NYSE 34,678 49.53 1,717,549 Period Total OSE 17,305 50.92 881,208 NYSE 171,827 50.48 8,674,467 Total 189,132 50.52 9,555,675 Previously Disclosed Buybacks Under the Program (Accumulated) OSE 432,416 45.69 19,758,046 NYSE 2,908,112 46.12 134,126,608 Total 3,340,528 46.07 153,884,654 Program Total 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 The issuer's holding of repurchased shares: 3,529,660 Following the completion of the above transactions, the Company had repurchased a total of 3,529,660 shares, corresponding to 4.77% 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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