Hamilton, Bermuda, June 25, 2024 - Seadrill Limited ("Seadrill" or the
"Company") (NYSE & OSE: SDRL) initiated a share repurchase program on 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 December 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 in December 2023 has been completed. 

For the last period pursuant to the program from and including June 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 of Seadrill
during the period.

Transaction Overview
Date	Trading Venue	Volume	Weighted Average Share Price (USD)	Total Daily
Transaction Value (USD)
17-Jun-24	OSE	3,000	47.71	143,116
17-Jun-24	NYSE	37,247	48.99	1,824,693
18-Jun-24	OSE	2,252	48.79	109,885
18-Jun-24	NYSE	36,498	49.44	1,804,476
19-Jun-24	OSE	2,163	48.77	105,485
20-Jun-24	OSE	3,019	48.96	147,819
20-Jun-24	NYSE	36,220	48.77	1,766,305
21-Jun-24	OSE	2,842	48.38	137,503
21-Jun-24	NYSE	37,458	48.44	1,814,286
24-Jun-24	OSE	2,068	48.62	100,550
24-Jun-24	NYSE	39,957	49.01	1,958,472
25-Jun-24	OSE	4,266	48.47	206,777
25-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 Information
Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com
 
About Seadrill 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.