Hamilton, Bermuda ,January 9, 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 includingJanuary 2, 2024 , throughJanuary 5, 2024 , the Company purchased a total of 169,008 shares at an average price of$46.96 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 AverageTotal Daily Venue Share Price (USD) Transaction Value (USD) 2-Jan-24 OSE 10,000 47.15 471,510 2-Jan-24 NYSE 30,400 47.37 1,439,908 3-Jan-24 OSE 9,982 46.57 464,893 3-Jan-24 NYSE 32,272 47.02 1,517,371 4-Jan-24 OSE 10,406 47.23 491,502 4-Jan-24 NYSE 35,571 46.53 1,655,172 5-Jan-24 OSE 8,465 46.28 391,734 5-Jan-24 NYSE 31,912 47.12 1,503,767 Period Total OSE 38,853 46.83 1,819,640 NYSE 130,155 46.99 6,116,218 Total 169,008 46.96 7,935,859 Previously OSE 91,149 45.30 4,128,857 Disclosed Buybacks under the Program (Accumulated) NYSE 252,470 45.82 11,568,891 Total 343,619 45.68 15,697,748 Program Total OSE 130,002 45.76 5,948,497 NYSE 382,625 46.22 17,685,109 Total 512,627 46.10 23,633,607 The issuer's holding of own shares: 512,627 Following the completion of the above transactions, the Company owned a total of 512,627 of its own shares, corresponding to 0.69% 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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