Hamilton, Bermuda ,January 2, 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 includingDecember 26 through December 29 , the Company purchased a total of 120,803 shares at an average price of$47.44 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 Volume Weighted average Total daily Venue share price (USD) transaction value (USD) 26-Dec-23 NYSE 31,000 47.99 1,487,727 27-Dec-23 OSE 11,000 47.57 523,245 27-Dec-23 NYSE 20,000 47.66 953,110 28-Dec-23 OSE 11,822 46.63 551,218 28-Dec-23 NYSE 19,378 47.17 914,018 29-Dec-23 OSE 9,149 46.81 428,259 29-Dec-23 NYSE 18,454 47.33 873,391 Period total OSE 31,971 47.00 1,502,722 NYSE 88,832 47.60 4,228,246 Total 120,803 47.44 5,730,968 Previously OSE 59,178 44.38 2,626,135 disclosed buybacks under the programme (accumulated) NYSE 163,638 44.86 7,340,645 Total 222,816 44.73 9,966,780 Program total OSE 91,149 45.30 4,128,857 NYSE 252,470 45.82 11,568,891 Total 343,619 45.68 15,697,748 The issuer's holding of own shares: 343,619 Following the completion of the above transactions, the Company owned a total of 343,619 of its own shares, corresponding to 0.46% of the Company's share capital. 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 Benjamin Wiseman Corporate Finance Manager & Investor Relations T: +44 786 713 9312 E: benjamin.wiseman@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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