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Seadrill Limited Director's Dealing 2024

Feb 19, 2024

9186_mrq_2024-02-19_c6aa9940-5630-41e5-bf4c-0c608673aa80.pdf

Director's Dealing

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UBS Group AG Postfach 8098 Zürich Tel. +41-44-438 11 11

Global Shareholder Reporting Group Compliance, Regulatory & Governance

Nemanja Pantic Max-Högger-Strasse 80, 8048 Zurich Tel. +41-44-239 62 08 [email protected]

www.ubs.com

Registered Strictly confidential

Finnestadveien 28, 4029 Stavanger P.O.Box 110, 4001 Stavanger Norway

February, 16th 2024

Seadrill Limited - Disclosure of large shareholdings under the Securities Trading Act

Dear Sir or Madam,

We would like to inform you that UBS Group AG has crossed below 5% of the voting rights and of the share capital in the issuer Seadrill Limited (BMG7997W1029). Please let this serve you as our disclosure as set forth below:

Name of the person obliged to notify: UBS Group AG

Residing at: Bahnhofstrasse 45
CH-8001
Zurich
Date of event: 15th February
2024
Event triggering the notification: Disposal of
equity
shares
Total new holding: 3'647'393
representing 4.92%
of the 74'060'628
voting
rights
and of the share capital. The shares
are held indirectly
by UBS Group AG and directly by its subsidiaries: UBS Fund
Management (Switzerland) AG, UBS Asset Management (UK)
Limited,
UBS Financial Services Inc, UBS Switzerland AG, UBS
Securities LLC,
Credit Suisse International,
Credit Suisse Funds
AG & Credit Suisse Securities (USA) LLC.

This notification has also been sent to the issuer.

If you have any questions regarding this disclosure, please contact Konstantina Georgaki on +41-44- 239 40 71 in Zurich.

Yours faithfully,

UBS Group AG

Konstantina Georgaki Sjoerd Sluimer Director Authorized Officer