Seadrill Limited - Board/Management Information 2019

SDRL - Chief Financial Officer to step down in June 2019

Hamilton, Bermuda, January 10 - Seadrill Limited ("Seadrill" or the "Company")

announces today that its Chief Financial Officer, Mark Morris, will step down

from his position following the completion of the Company's financial

restructuring. He will remain in post until the end of June 2019 to enable the

Company to find a suitable replacement.

Commenting CEO, Anton Dibowitz, said, "Mark has been a valuable partner to both

the Company and me and I would like to thank him for his contribution to

Seadrill, in particular his financial leadership through the restructuring

process. We wish him every success in his future pursuits."

Mark Morris, said, "It has been a privilege to have led the restructuring of

Seadrill through what was a very complicated set of negotiations and

transactions. I have enjoyed my time here as CFO, and now is the right time to

seek new and different challenges. I wish the Company every success in

the future."

The Company has begun a formal search process and a further announcement will be

made in due course.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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