Seadrill Limited — Director's Dealing 2019

Dec 9, 2019

NOTIFICATION

NOTIFICATION

Hemen Holding Limited ("Hemen"), a company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family, has settled Total Return Swap (TRS) agreements underlying 3,000,000 shares in Seadrill Limited (“Seadrill”) expiring Dec 6th, 2019 and subsequently entered into a new TRS agreement underlying the same number of shares 3,000,000. New expiry date is March 6th, 2020 and new TRS price is NOK 10.6734 per share. Hemen’s affiliated ownership in Seadrill is following this transaction unchanged 27,193,826 shares, equal to 27.13 percent of the issued shares and votes in the company, and hold TRS agreements with underlying exposure to 3,000,000 shares. Hemen does not hold other shares or rights to shares in Seadrill.