Hamilton, Bermuda, June 3, 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 27, 2024 through May 31, 2024, the Company
purchased a total of 148,494 shares at an average price of $51.40 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)
27-May-24	OSE	1,520	51.22	77,850
28-May-24	OSE	4,036	51.21	206,687
28-May-24	NYSE	32,814	52.10	1,709,721
29-May-24	OSE	4,673	51.91	242,578
29-May-24	NYSE	31,977	51.20	1,637,373
30-May-24	OSE	3,000	50.81	152,431
30-May-24	NYSE	33,750	51.00	1,721,172
31-May-24	OSE	5,000	50.15	250,763
31-May-24	NYSE	31,724	51.49	1,633,580
Period Total	OSE	18,229	51.03	930,308
	NYSE	130,265	51.45	6,701,846
	Total	148,494	51.40	7,632,154
Previously Disclosed Buybacks Under the Program
(Accumulated)	OSE	524,332	46.52	24,390,752
	NYSE	3,951,969	47.32	187,005,254
	Total	4,476,301	47.23	211,396,006
Program Total	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

The issuer's holding of repurchased shares: 4,624,795
Following the completion of the above transactions, the Company had repurchased
a total of 4,624,795 shares, corresponding to 6.24% 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.