Seadrill Limited — Board/Management Information 2020

Apr 21, 2020

SDRL - Seadrill Limited Board Changes

SDRL - Seadrill Limited Board Changes

Hamilton, Bermuda, April 21 2020 - Seadrill Limited ("Seadrill" or the

"Company") is pleased to announce that Bjarte Bøe will join the Board from April

21, 2020, replacing Birgitte Ringstad Vartdal who will step down following her

recent appointment as Executive Vice President of European Wind and Solar at

Statkraft.

Mr Bøe brings extensive experience serving on boards and audit committees of

public companies, and has over thirty years of experience in the finance

industry. He currently serves as a Director of the NYSE-listed Hermitage

Offshore, and is a member of its Audit Committee. Mr Bøe sits on the Board of

Agera Venture, a Norwegian Venture Capital company, and is a member of the

Nomination Committee of BW Offshore Ltd. He also serves as the Chairman of the

Investment Committee at SEB Venture Capital, a subsidiary of Skandinaviska

Enskilda Banken AB (publ), or SEB, a Nordic financial services group, where

from 1995 to 2019, he held a range of senior management positions. Mr Bøe holds

an M.B.A. from the Norwegian School of Economics and Business Administration.

Glen Ole Rødland, Chairman commented: "I would like to sincerely thank Birgitte

for the valuable insight, experience and contribution she has brought to the

Board and Audit Committee of Seadrill since taking up these roles in 2018

following our restructuring. I wish her every success with her new appointment

at Statkraft.

We warmly welcome Bjarte to the Seadrill Board.  His significant career in the

financial sector, together with his public company directorship and board

committee experience, complement a board and management focused on further

developing Seadrill's position as the leading offshore driller."

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are

generally not historical in nature, and specifically include statements about

the Company's plans, strategies, business prospects, changes and trends in its

business, the markets in which it operates and its restructuring efforts. These

statements are made based upon management's current plans, expectations,

assumptions and beliefs concerning future events impacting the Company and

therefore involve a number of risks, uncertainties and assumptions that could

cause actual results to differ materially from those expressed or implied in the

forward-looking statements, which speak only as of the date of this news

release. Consequently, no forward-looking statement can be guaranteed. When

considering these forward-looking statements, you should keep in mind the risks

described from time to time in the Company's filings with the Securities and

Exchange Commission, including its Annual Report on Form 20-F (File No. 333

-224459). The Company undertakes no obligation to update any forward looking

statements to reflect events or circumstances after the date on which such

statement is made or to reflect the occurrence of unanticipated events. New

factors emerge from time to time, and it is not possible for the Company to

predict all of these factors. Further, the Company cannot assess the impact of

each such factor on its business or the extent to which any factor, or

combination of factors, may cause actual results to be materially different from

those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act

seadrill@hawthornadvisors.com