Hamilton, Bermuda, March 25, 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 March 18, 2024, through March 22, 2024, the
Company purchased a total of 191,965 shares at an average price of $49.87 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)
18-Mar-24	OSE 	5,000	49.61	248,039
18-Mar-24	NYSE	33,200	49.63	1,647,782
19-Mar-24	OSE 	4,009	49.56	198,691
19-Mar-24	NYSE	34,741	50.16	1,742,588
20-Mar-24	OSE 	3,000	49.91	149,736
20-Mar-24	NYSE	35,750	50.03	1,788,708
21-Mar-24	OSE 	4,607	50.28	231,636
21-Mar-24	NYSE	33,243	49.94	1,660,009
22-Mar-24	OSE 	4,354	49.24	214,384
22-Mar-24	NYSE	34,061	49.64	1,690,941
Period Total	OSE 	20,970	49.71	1,042,486
Period Total	NYSE	170,995	49.88	8,530,029
Period Total	Total	191,965	49.87	9,572,515
Previously Disclosed Buybacks under the Program (Accumulated)	OSE 	369,046 
	44.76	16,517,514
Previously Disclosed Buybacks under the Program
(Accumulated)	NYSE	2,256,137	44.66	100,769,150
Previously Disclosed Buybacks under the Program
(Accumulated)	Total	2,625,183	44.68	117,286,665
Program Total	OSE 	390,016  	45.02	17,560,001
Program Total	NYSE	2,427,132	45.03	109,299,179
Program Total	Total	2,817,148	45.03	126,859,180

The issuer's holding of own shares: 2,817,148  
Following the completion of the above transactions, the Company owned a total of
2,817,148 of its own shares, corresponding to 3.80% 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.

Seadrill 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.