Hamilton, Bermuda, January 15, 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 January 8, 2024, through January 12, 2024, the
Company purchased a total of 219,223 shares at an average price of $45.01 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  Volume   Weighted Average      Total Daily
                Venue            Share Price (USD)  Transaction Value
                                                          (USD)
  8-Jan-24       OSE    11,618         45.11             524,066
  8-Jan-24      NYSE    33,382         45.29            1,511,814
  9-Jan-24       OSE    12,419         45.55             565,672
  9-Jan-24      NYSE    31,581         44.79            1,414,390
  10-Jan-24      OSE     8,321         44.81             372,879
  10-Jan-24     NYSE    35,679         44.47            1,586,470
  11-Jan-24      OSE     9,462         44.41             420,210
  11-Jan-24     NYSE    34,538         44.95            1,552,393
  12-Jan-24      OSE    15,000         45.66             684,932
  12-Jan-24     NYSE    27,223         45.38            1,235,366
Period Total     OSE    56,820         45.19            2,567,760
    NYSE       162,403   44.95       7,300,434
    Total      219,223   45.01       9,868,193
 Previously      OSE    130,002        45.76            5,948,497
  Disclosed
  Buybacks
  under the
   Program
(Accumulated)
    NYSE       382,625   46.22      17,685,109
    Total      512,627   46.10      23,633,607
Program Total    OSE    186,822        45.58            8,516,257
    NYSE       545,028   45.84      24,985,543
    Total      731,850   45.78      33,501,800

The issuer's holding of own shares: 731,850

Following the completion of the above transactions, the Company owned a total of
731,850 of its own shares, corresponding to 0.99% 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

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@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.

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