Hamilton, Bermuda, June 21, 2023 - Seadrill Limited ("Seadrill" or the
"Company") (NYSE & OSE: SDRL) today announces that it has entered into
definitive sale and purchase agreements under which Seadrill will sell the
tender-assist units known as the West Vencedor, T-15 and T-16 (the "Tender
-Assist Units") to certain affiliates of Energy Drilling Pte. Ltd. ("Edrill")
for aggregate cash proceeds of approximately $85 million (the "Transaction").
The operations and marketing of the Tender-Assist Units are currently managed by
Edrill under existing agreements. The Transaction is subject to customary
closing conditions and is expected to close early Q3 2023. Upon closing of the
Transaction, the Tender-Assist Units will be owned by Edrill.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Contact Information

For additional information, visit www.seadrill.com.

Benjamin Wiseman

Investor Relations

T: +44 (0)786 713 9312

E: benjamin.wiseman@seadrill.com

About Seadrill

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.

Forward-Looking Statements

This communication includes forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Exchange Act. All
statements other than statements of historical facts included in this
communication, including those regarding the Transaction and, inter alia,
closing thereof, and statements about the Company's plans, strategies, business
prospects, changes and trends in its business and the markets in which it
operates are forward-looking statements. These forward-looking statements can
often, but not necessarily, be identified by the use of forward-looking
terminology, including the terms "assumes", "projects", "forecasts",
"estimates", "expects", "anticipates", "believes", "plans", "intends", "may",
"might", "will", "would", "can", "could", "should" or, in each case, their
negative, or other variations or comparable terminology. These statements are
based on management's current plans, expectations, assumptions and beliefs
concerning future events impacting the Company and therefore involve a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
which speak only as of the date of this communication. Important factors that
could cause actual results to differ materially from those in the forward
-looking statements include, but are not limited to, the satisfaction of closing
conditions and the timing thereof, and other important factors described from
time to time in the reports filed or furnished by us with the U.S. Securities
and Exchange Commission ("SEC"). Consequently, no forward-looking statement can
be guaranteed. When considering these forward-looking statements, you should
also keep in mind the risks described from time to time in the Company's filings
with the SEC, including its annual report on Form 20-F for the year ended
December 31, 2022, filed with the SEC on April 19, 2023 (File No. 001-39327) and
subsequent filings.

The Company undertakes no obligation to update any forward-looking statements to
reflect events or circumstances after the date on which such statement is made
or to reflect the occurrence of unanticipated events. New factors emerge from
time to time, and it is not possible for us to predict all of these factors.
Further, the Company cannot assess the impact of each such factors on its
business or the extent to which any factor, or combination of factors, may cause
actual results to be materially different from those contained in any forward
-looking statement.

seadrill@hawthornadvisors.com