Hamilton, Bermuda, March 4, 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 February 26, 2024, through March 1, 2024, the
Company purchased a total of 230,453 shares at an average price of $42.67 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)
26-Feb-24	OSE 	1,180	42.53	50,184
26-Feb-24	NYSE	45,070	42.82	1,929,951
27-Feb-24	OSE 	2,200	42.81	94,173
27-Feb-24	NYSE	43,388	42.71	1,853,310
28-Feb-24	OSE 	3,296	42.32	139,496
28-Feb-24	NYSE	41,619	42.50	1,768,803
29-Feb-24	OSE 	12,000	40.28	483,337
29-Feb-24	NYSE	38,000	41.62	1,581,704
1-Mar-24	OSE 	5,070	42.56	215,778
1-Mar-24	NYSE	38,630	44.45	1,717,100
Period Total	OSE 	23,746	41.40	982,970
Period Total	NYSE	206,707	42.82	8,850,869
Period Total	Total	230,453	42.67	9,833,838
Previously Disclosed Buybacks under the Program (Accumulated)	OSE 	310,469 
	44.80	13,909,566
Previously Disclosed Buybacks under the Program
(Accumulated)	NYSE	1,666,542	44.49	74,150,653
Previously Disclosed Buybacks under the Program
(Accumulated)	Total	1,977,011	44.54	88,060,219
Program Total	OSE 	334,215  	44.56	14,892,536
Program Total	NYSE	1,873,249	44.31	83,001,521
Program Total	Total	2,207,464	44.35	97,894,057


The issuer's holding of own shares: 2,207,464
Following the completion of the above transactions, the Company owned a total of
2,207,464 of its own shares, corresponding to 2.98% of the Company's share
capital.
 
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
T: +1 (832) 252-7064
E: lydia.mabry@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.