Hamilton, Bermuda ,June 25, 2024 -Seadrill Limited ("Seadrill " or the "Company") (NYSE & OSE: SDRL) initiated a share repurchase program onDecember 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 14, 2023 through the last day of the repurchase program,June 25, 2024 , the Company purchased a total of 5,250,707 shares at an average price of$47.61 per share, equal to a total of$249,999,743 . As a result,Seadrill hereby announces that the share repurchase program initiated inDecember 2023 has been completed. For the last period pursuant to the program from and includingJune 17 through June 25, 2024 ,Seadrill purchased a total of 240,645 shares at an average price of$48.89 per share. The transactions effected through the agreement with Fearnley comprise all the transactions effected by or on behalf ofSeadrill during the period. Transaction OverviewDate Trading Venue Volume Weighted Average Share Price (USD) Total Daily Transaction Value (USD)17-Jun-24 OSE 3,000 47.71 143,11617-Jun-24 NYSE 37,247 48.99 1,824,69318-Jun-24 OSE 2,252 48.79 109,88518-Jun-24 NYSE 36,498 49.44 1,804,47619-Jun-24 OSE 2,163 48.77 105,48520-Jun-24 OSE 3,019 48.96 147,81920-Jun-24 NYSE 36,220 48.77 1,766,30521-Jun-24 OSE 2,842 48.38 137,50321-Jun-24 NYSE 37,458 48.44 1,814,28624-Jun-24 OSE 2,068 48.62 100,55024-Jun-24 NYSE 39,957 49.01 1,958,47225-Jun-24 OSE 4,266 48.47 206,77725-Jun-24 NYSE 33,655 48.88 1,645,137 Period Total OSE 19,610 48.50 951,135 NYSE 221,035 48.92 10,813,369 Total 240,645 48.89 11,764,504 Previously Disclosed Buybacks Under the Program (Accumulated) OSE 583,076 46.90 27,344,919 NYSE 4,426,986 47.64 210,890,321 Total 5,010,062 47.55 238,235,239 Program Total OSE 602,686 46.95 28,296,054 NYSE 4,648,021 47.70 221,703,689 Total 5,250,707 47.61 249,999,743 The issuer's holding of repurchased shares: 5,250,707 Following the completion of the above transactions, the Company had repurchased a total of 5,250,707 shares, corresponding to 7.09% 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 setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies,Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.
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