Seadrill Limited — Director's Dealing 2023

Apr 5, 2023

Oslo Stock Exchange Box 460 Sentrum 0105 Oslo Norway

Korea Eximbank 38 Eunhaeng-ro, Yeongdeungpo-gu, Seoul, 07242, Korea

5 April 2023

Dear Sir/Madam,

[Seadrill Limited] Notification of Shareholdings pursuant to the Norwegian Securities Trading Act

Pursuant to Section 4-2 of the Norwegian Securities Trading Act, the Export-Import Bank of Korea, 38 Eunhaeng-ro, Yeongdeungpo-gu, Seoul 07242, Republic of Korea, hereby notify that the proportion of shares in Seadrill Limited, Park Place, 55 Par-la-Ville Road, Hamilton HM 11, Bermuda has fallen below the reportable threshold on 4 April 2023.

The details are as follow:

Name of Issuer	Seadrill Limited
Class of shares	Common Shares, par value \$0.01 per share
ISIN Number	BMG7997W1029
Name of reporting person	The Export-Import Bank of Korea
Reason for notification	Change in the breakdown of voting rights
Number of shares beneficially owned by	(Sole/Direct voting power) 3,811,295
reporting person
Proportion of Shares owned by reporting	4.77%, based on 79,866,503 Common Shares of
person	the Issuer as set forth in the Issuer's message
	announcing completion of Aquadrill LLC
	Acquisition, disclosed on 4 April 2023.

If you require further information in respect of this notification, please do not hesitate to contact me.

Yours faithfully,

Name: Do Hyung Lee Title: Director General