Seadrill Limited ("Seadrill" or the "Company" (NYSE & OSE: SDRL) initiated a
share repurchase program September 12, 2023 to repurchase up to $250 million of
the Company's common shares in open market transactions on the OSE and NYSE
through March 31, 2024 pursuant to an agreement with Arctic Securities AS and
its subsidiary, Arctic Securities LLC ("Arctic").

For the period from and including September 6 through 15, 2023, Seadrill
purchased a total of 354,767 shares at an average price of USD 47.9131 per
share. The transactions effected through the agreement with Arctic comprise all
the transactions effected by or on behalf of Seadrill Limited during the period.

Transaction overview
        Date          Trading  Aggregated daily   Weighted average   Total daily
                       Venue   volume (number of  share price (USD)  transaction
                                    shares)                          value (USD)
   12 Sept. 2023        OSE         14,284             47.3446         676,270
   12 Sept. 2023       NYSE         105,000            48.6866        5,112,093
   13 Sept. 2023        OSE         14,949             47.9772         717,211
   13 Sept. 2023       NYSE         40,000             47.3337        1,893,348
   14 Sept. 2023        OSE         17,586             47.2751         831,381
   14 Sept. 2023       NYSE         90,546             47.5195        4,302,701
   15 Sept. 2023        OSE         13,202             47.6279         628,783
   15 Sept. 2023       NYSE         59,200             47.9090        2,836,213
    Period total        OSE         60,021             47.5441        2,853,645
                       NYSE         294,746            47.9882       14,144,354
                       Total        354,767            47.9131       16,997,999
Previously disclosed    OSE            -                  -               -
totals (accumulated)
                       NYSE            -                  -               -
                       Total           -                  -               -
   Program total        OSE         60,021             47.5441        2,853,645
                       NYSE         294,746            47.9882       14,144,354
                       Total        354,767            47.9131       16,997,999

The issuer's holding
of own shares:
354,767

Following the
completion of the
above transactions,
Seadrill Limited
owned a total of
354,767 of its own
shares,
corresponding to
0.44% of Seadrill
Limited's share
capital.

Appendix:

An overview of all
transactions made
under the Company's
repurchase program
and its agreement
with Arctic
Securities 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

T: +1 (832) 252-7064

E: lydia.mabry@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.