Seadrill Limited — Investor Presentation 2023

Jun 26, 2023

Seadrill Limited (SDRL) Investor Presentation

Seadrill Limited (SDRL) Investor Presentation

Hamilton, Bermuda, June 26, 2023 - Seadrill Limited ("Seadrill" or the

"Company") (NYSE & OSE: SDRL) has posted an investor presentation to its

website, www.seadrill.com/investors (http://www.seadrill.com/investors). The

presentation is also attached hereto.

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

Investor Relations

T: +44 (0)786 713 9312

E: benjamin.wiseman@seadrill.com

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-deepwater environments.

Forward-Looking Statements

This communication includes forward-looking statements within the meaning of

Section 27A of the Securities Act and Section 21E of the Exchange Act. All

statements other than statements of historical facts included in this

communication and statements about the Company's plans, strategies, business

prospects, changes and trends in its business and the markets in which it

operates are forward-looking statements. These forward-looking statements can

often, but not necessarily, be identified by the use of forward-looking

terminology, including the terms "assumes", "projects", "forecasts",

"estimates", "expects", "anticipates", "believes", "plans", "intends", "may",

"might", "will", "would", "can", "could", "should" or, in each case, their

negative, or other variations or comparable terminology. These statements are

based on management's current plans, expectations, assumptions and beliefs

concerning future events impacting the Company and therefore involve a number of

risks, uncertainties and assumptions that could cause actual results to differ

materially from those expressed or implied in the forward-looking statements,

which speak only as of the date of this communication. Important factors that

could cause actual results to differ materially from those in the forward

-looking statements include, but are not limited to, offshore drilling market

conditions, including supply and demand, dayrates, fluctuations in the price of

oil, international financial market conditions, changes in governmental

regulations that affect the Company or the operations of the Company's fleet,

the review of competition authorities, the performance of the drilling rigs in

the Company's fleet, the cancellation of drilling contracts currently included

in reported contract backlog, the impact of global economic conditions and

global health threats, pandemics and epidemics, political and other

uncertainties, including those related to the conflict in Ukraine, and other

important factors described from time to time in the reports filed or furnished

by us with the U.S. Securities and Exchange Commission ("SEC"). Consequently, no

forward-looking statement can be guaranteed. When considering these forward

-looking statements, you should also keep in mind the risks described from time

to time in the Company's filings with the SEC, including its annual report on

Form 20-F for the year ended December 31, 2022, filed with the SEC on April 19,

2023 (File No. 001-39327) and subsequent filings.

The Company undertakes no obligation to update any forward-looking statements to

reflect events or circumstances after the date on which such statement is made

or to reflect the occurrence of unanticipated events. New factors emerge from

time to time, and it is not possible for us to predict all of these factors.

Further, the Company cannot assess the impact of each such factors on its

business or the extent to which any factor, or combination of factors, may cause

actual results to be materially different from those contained in any forward

-looking statement.a

seadrill@hawthornadvisors.com