Seadrill Limited — Board/Management Information 2019

Nov 21, 2019

SDRL - Change to Board of Directors

SDRL - Change to Board of Directors

Hamilton, Bermuda, November 21, 2019 - Seadrill Limited ("Seadrill" or the

"Company") is pleased to announce that Glen Ole Rødland has been selected to

succeed John Fredriksen as Chairman of Seadrill effective from November

21, 2019.

Glen has extensive experience working in shipping, oil and gas and other

industries for more than 25 years. He is currently chairman of Prosafe and

AqualisBraemar and is a former partner of the Norwegian investment companies

Ferncliff and HitecVision.

In addition, as part of the Board succession planning process, Seadrill confirms

that Harald Thorstein will step down as non-executive director of Seadrill

effective from November 21, 2019.

Gunnar Winther Eliassen will be appointed to the Seadrill Board as non-executive

director effective November 21, 2019. Gunnar is employed by the Seatankers

Group, an affiliate of the Company's largest shareholder, Hemen Holding Limited.

Prior to joining Seatankers, Gunnar was partner at Pareto Securities Inc in New

York and Oslo.

John Fredriksen commented: "I have been actively involved with Seadrill during

the 14 years since its inception. While I have now decided to spend less time on

board seats, my close involvement and strong support of Seadrill will remain

unchanged. I will continue to push for business optimization, strategic

initiatives such as the recent joint ventures with Sonangol and GDI, and

consolidation in the sector."

Glen Ole Rødland commented: "It is an honor to be joining Seadrill. It is a

company that has huge potential, an innovative approach to the future of the

industry and great people. I am looking forward to being part of the team and to

helping Seadrill be the best company it can be."

Anton Dibowitz, CEO, commented: "John handing over the Chairmanship to Glen, is

for us very much business as usual. Hemen remains our anchor shareholder. I will

continue to have a close dialogue with John and benefit from his input and

perspectives. On a personal level, I would like to extend my thanks and

gratitude to John for his leadership of the board to date. I would like to

welcome Glen and I look forward to working together."

Media contacts:

Seadrill Limited

Iain Cracknell

+44 7765 221812

+44 208 8114702

Iain.cracknell@seadrill.com (mailto:Iain.cracknell@seadrill.com)

Corporate Communications, Norway

Geir Bjorlo

+47 91 54 00 00

geir.bjorlo@corpcom.no (mailto:geir.bjorlo@corpcom.no)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act