Hamilton, Bermuda, May 6, 2024 - Seadrill Limited ("Seadrill" or the "Company")
(NYSE & OSE: SDRL) initiated a share repurchase program December 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 than September 30, 2024 pursuant
to an agreement with Fearnley Securities AS and its subsidiary, Fearnley
Securities, Inc. ("Fearnley"). 
 
For the period from and including April 29, 2024 through May 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 Overview
Date	Trading Venue	Volume	Weighted Average Share Price (USD)	Total Daily
Transaction Value (USD)
29-Apr-24	OSE	3,000	50.06	150,182
29-Apr-24	NYSE	35,450	50.47	1,789,204
30-Apr-24	OSE	4,000	49.72	198,894
30-Apr-24	NYSE	34,885	48.85	1,704,049
1-May-24	NYSE	40,500	48.30	1,956,016
2-May-24	OSE	5,609	47.35	265,588
2-May-24	NYSE	34,391	48.79	1,677,947
3-May-24	OSE	4,473	48.91	218,789
3-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 Information
Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com
 
About Seadrill 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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