Hamilton, Bermuda ,June 10, 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 includingJune 3, 2024 throughJune 7, 2024 , the Company purchased a total of 194,562 shares at an average price of$49.35 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)3-Jun-24 OSE 0 0.00 03-Jun-24 NYSE 38,750 50.11 1,941,5774-Jun-24 OSE 3,000 48.86 146,5884-Jun-24 NYSE 37,500 48.67 1,825,2195-Jun-24 OSE 2,553 48.73 124,4045-Jun-24 NYSE 35,897 49.31 1,769,9236-Jun-24 OSE 4,284 49.13 210,4916-Jun-24 NYSE 34,142 49.46 1,688,7697-Jun-24 OSE 3,762 49.64 186,7427-Jun-24 NYSE 34,674 49.26 1,707,903 Period Total OSE 13,599 49.14 668,224 NYSE 180,963 49.37 8,933,390 Total 194,562 49.35 9,601,615 Previously Disclosed Buybacks Under the Program (Accumulated) OSE 542,561 46.67 25,321,060 NYSE 4,082,234 47.45 193,707,100 Total 4,624,795 47.36 219,028,160 Program Total OSE 556,160 46.73 25,989,285 NYSE 4,263,197 47.53 202,640,490 Total 4,819,357 47.44 228,629,775 The issuer's holding of repurchased shares: 4,819,357 Following the completion of the above transactions, the Company had repurchased a total of 4,819,357 shares, corresponding to 6.51% 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. ContactLydia 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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