Seadrill Limited - Delisting Announcement 2022

Seadrill Limited Announces Change of Listing Status on Euronext Expand

Hamilton, Bermuda, October 17, 2022 - Reference is made to the announcement by

Seadrill Limited ("Seadrill" or "the Company") (NYSE & XOAS: SDRL) on 11 October

2022 regarding the listing of its common shares on the New York Stock Exchange

(the "NYSE"), with 14 October 2022 as the first date of listing and trading at

the NYSE. Due to the listing on the NYSE, Seadrill has applied to change the

status of its listing at Euronext Expand from a primary listing to a secondary

listing, and the Oslo Stock Exchange has approved such application. The change

from primary to secondary listing at Euronext Expand will take effect today,

17 October 2022.

Seadrill Contact Information

David Warwick

Director of Investor Relations

About Seadrill

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-deep-water environments.

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

-12 of the Norwegian Securities Trading Act.

Seadrill Contact Information

David Warwick

Director of Investor Relations

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