Hamilton, Bermuda, February 29, 2024 - Seadrill Limited ("Seadrill" or the
"Company") (NYSE & OSE: SDRL) today announced that it has filed a Form 6-K
report with the U.S. Securities and Exchange Commission (the "SEC") to provide
updated preliminary pro forma financial information for the Company. The updated
preliminary pro forma financial information covers the year ended December 31,
2023. This filing is part of Seadrill's ongoing obligation to keep the financial
information in its active F-3 and S-8 registration statements current.

The Form 6-K, containing the updated preliminary pro forma financial
information, can be accessed on the website of the SEC (www.sec.gov) and is also
available on the Company's website (www.seadrill.com/investors).

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

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.

For additional information, visit www.seadrill.com.