HAMILTON, Bermuda, February 19, 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 12, 2024, through February 16, 2024,
the Company purchased a total of 231,677 shares at an average price of $43.10
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)
12-Feb-24	OSE 	4,000	44.53	178,117
12-Feb-24	NYSE	40,000	44.16	1,766,356
13-Feb-24	OSE 	5,000	43.59	217,945
13-Feb-24	NYSE	39,277	43.48	1,707,937
14-Feb-24	OSE 	5,328	43.28	230,621
14-Feb-24	NYSE	41,272	43.28	1,786,368
15-Feb-24	OSE 	8,000	41.92	335,364
15-Feb-24	NYSE	41,000	42.55	1,744,591
16-Feb-24	OSE 	8,000	41.83	334,614
16-Feb-24	NYSE	39,800	42.31	1,683,827
Period Total	OSE 	30,328	42.75	1,296,661
Period Total	NYSE	201,349	43.15	8,689,078
Period Total	Total	231,677	43.10	9,985,739
Previously Disclosed Buybacks under the Program (Accumulated)	OSE 	265,141 
	45.20	11,984,351
Previously Disclosed Buybacks under the Program
(Accumulated)	NYSE	1,298,699	44.97	58,403,850
Previously Disclosed Buybacks under the Program
(Accumulated)	Total	1,563,840	45.01	70,388,201
Program Total	OSE  	295,469  	44.95	13,281,012
Program Total	NYSE	1,500,048	44.73	67,092,928
Program Total	Total	1,795,517	44.76	80,373,940

The issuer's holding of own shares: 1,795,517
Following the completion of the above transactions, the Company owned a total of
1,795,517 of its own shares, corresponding to 2.42% 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.