Hamilton, Bermuda ,May 6, 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 29, 2024 throughMay 3, 2024 , the Company purchased a total of 196,485 shares at an average price of$49.15 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)29-Apr-24 OSE 3,000 50.06 150,18229-Apr-24 NYSE 35,450 50.47 1,789,20430-Apr-24 OSE 4,000 49.72 198,89430-Apr-24 NYSE 34,885 48.85 1,704,0491-May-24 NYSE 40,500 48.30 1,956,0162-May-24 OSE 5,609 47.35 265,5882-May-24 NYSE 34,391 48.79 1,677,9473-May-24 OSE 4,473 48.91 218,7893-May-24 NYSE 34,177 49.65 1,696,745 Period Total OSE 17,082 48.79 833,452 NYSE 179,403 49.19 8,823,961 Total 196,485 49.15 9,657,413 Previously Disclosed Buybacks Under the Program (Accumulated) OSE 462,882 46.00 21,293,256 NYSE 3,258,928 46.57 151,761,392 Total 3,721,810 46.50 173,054,648 Program Total OSE 479,964 46.10 22,126,708 NYSE 3,438,331 46.70 160,585,353 Total 3,918,295 46.63 182,712,061 The issuer's holding of repurchased shares: 3,918,295 Following the completion of the above transactions, the Company had repurchased a total of 3,918,295 shares, corresponding to 5.29% 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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