On 25 January 2024, Elliott International L.P., Elliott Associates L.P. and The
Liverpool Limited Partnership have sold common shares in Seadrill Limited (NYSE
& OSE: SDRL) ("Seadrill" or the "Company"), resulting in crossing below the
disclosure threshold.  

Elliott International L.P., Elliott Associates L.P. and The Liverpool Limited
Partnership are funds managed and advised by Elliott Investment Management L.P.,
a registered investment adviser with the U.S. Securities and Exchange
Commission. The general partner of Elliott Investment Management L.P. is Elliott
Investment Management GP LLC. Paul E. Singer is the sole managing member of
Elliott Investment Management GP LLC. 

Following the sale, funds managed and advised by Elliott Investment Management
L.P. have the following ownership interest in Seadrill:

o	Elliott International L.P. holds 4,126,071 common shares and cash settled
equity swaps equivalent to 2,716,736 common shares in Seadrill, which
constitutes a total ownership of 6,842,807 common shares which represents
approx. 9.24 % of Seadrill's share capital.
o	Elliott Associates L.P. holds cash settled equity swaps equivalent to 600,566
common shares in Seadrill, which represents approx. 0.81 % of Seadrill's share
capital. 
o	The Liverpool Limited Partnership holds 1,853,743 common shares and cash
settled equity swaps equivalent to 620,000 common shares in Seadrill, which
constitutes a total ownership of 2,473,743 common shares which represents
approx. 3.34 % of Seadrill's share capital. 

As a result of this, if voting rights are attributed to the cash settled equity
swaps (i) Elliott International L.P. has a total ownership interest of 6,842,807
common shares in Seadrill, which represents approx. 9.24 % of Seadrill's share
capital and votes (and thus crossing below the 10% disclosure threshold) and
(ii) the total aggregate ownership interest of Elliott International L.P.,
Elliott Associates L.P. and the Liverpool Limited Partnership are 9,917,116
common shares in Seadrill, which represents 13.39 % of Seadrill's share capital
and votes (and thus crossing below the 15% disclosure threshold). 

This disclosure is made pursuant to section 4-2, cf. section 4-3, of the
Norwegian Securities Trading Act.