Hamilton, Bermuda, May 20, 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 May 13, 2024 through May 17, 2024, the Company
purchased a total of 187,700 shares at an average price of $51.56 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)
13-May-24	OSE	2,990	50.02	149,549
13-May-24	NYSE	35,760	50.58	1,808,580
14-May-24	OSE	3,932	50.20	197,370
14-May-24	NYSE	33,068	50.97	1,685,585
15-May-24	OSE	6,417	50.61	324,736
15-May-24	NYSE	32,033	51.39	1,646,201
16-May-24	OSE	5,000	51.99	259,973
16-May-24	NYSE	31,550	52.50	1,656,252
17-May-24	NYSE	36,950	52.74	1,948,817
Period Total	OSE	18,339	50.80	931,627
	NYSE	169,361	51.64	8,745,435
	Total	187,700	51.56	9,677,062
Previously Disclosed Buybacks Under the Program
(Accumulated)	OSE	491,639	46.22	22,721,982
	NYSE	3,612,756	46.92	169,527,082
	Total	4,104,395	46.84	192,249,064
Program Total	OSE	509,978	46.38	23,653,608
	NYSE	3,782,117	47.14	178,272,517
	Total	4,292,095	47.05	201,926,126

The issuer's holding of repurchased shares: 4,292,095
Following the completion of the above transactions, the Company had repurchased
a total of 4,292,095 shares, corresponding to 5.80% 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.