Seadrill Limited - Board/Management Information 2023

Seadrill Limited Announces Organizational Change

Hamilton, Bermuda, December 14, 2023 - As previously announced, Seadrill Limited

("Seadrill" or the "Company") (NYSE & OSE: SDRL) has decided to close its

London, England office and consolidate its corporate office in Houston, Texas.

The Company announced today that its Executive Vice President and Chief

Operating & Technology Officer, Leif Nelson, will not relocate to Houston and

instead will be departing Seadrill.

In connection with Mr. Nelson's departure, the Company has promoted Marcel

Wieggers to Senior Vice President - Operations, reporting directly to Simon

Johnson, President and Chief Executive Officer. Mr. Wieggers has been with

Seadrill since 2009, most recently serving as Vice President - Operations.

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

-12 of the Norwegian Securities Trading Act.

Contact information

For additional information, visit www.seadrill.com.

Benjamin Wiseman

Corporate Finance Manager & Investor Relations

T: +44 786 713 9312

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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