Seadrill Limited — M&A Activity 2021

Jul 2, 2021

SEADRILL – SEABRAS – CLEANSING MATERIALS

No	D isc los Te t ur e x
1.	Se dr i l l L im i d is h Se bra J V ly, Se dr i l l L im i d 's l d c inu be ire d in in te ty to t – t te t w t to ta a a p ar ea c a s ag ree me n co ns eq ue n a co ns en ou on e re q u ce r ins de he J V fo l low ing ha f c l o f Se dr i l l Se br U K L im i d d Se bra Se ico de Pe leo S. A. ta t t tro te tro nc es u n r ag ree me n a c ng e o on a a as an a s rv s ( les t he J V ts de d, i t h t he t o f Se dr i l l L im i te d, to Se dr i l l L im i te d a ty ). un s ag ree me n we re am en w a g ree me n a re mo ve a s a p ar
2.	T he Se bra t h ir d ty de b t do ts do t c ta in ha f c tro l w h ic h w l d be tr ig d bo t he lev l o f t he Se bra J V a s p ar cu me n n o on a c ng e o on ou g er e a ve e a s ts. ar ra ng em en
3.	Se f fe "R " E i t he ty to t he bra J V ts l d in d ire t ly t a te ina t ion by tr ig ing ian Ro le t te de d loc k p is ion h ic h r p ar a s ag ree me n co c e c rm g er us s a rov s, u u w ly de d loc ks bo h bo d d s ha ho l de de is ion I f a in i ia he de d loc k p du i l l a ire he he 's to t ty t tes t ty t t ap p a o n ar an re r c s. p ar a roc e re on e p ar cq o r w u , 0 % ke fa ir m ke lue d he J V i l l ina 5 ta t t v t te te s a ar a a n rm w
4.	T he Se bra ha ho l de fu d ing is i de d o l 0 / 0 ba is be Se dr i l l a d Sa 5 5 tw a s s re r n p rov n a n e q ua s ee n a n p ura
5.	T he P L S V 2 fa i l i ty tu t he l ier f ( i ) t he 1 0 t h a ive f t he Pr Fu d ing Da te f t he fa i l i ty d ( i i ) t he 2 0 t h Re t Da te c ma res o n ea r o nn rsa ry o e- n o c an p ay me n in t o f t he fa i l i ty. res p ec c
6.	O t he t ha t he t hre in te loa to Se bra Sa Pa t ic ip õe S. A. d t he in te loa to Sa Ru b i Gm b H, Sa r n e rco mp an y ns a s p ura r aç s a n rco mp an y ns p ura p ura Ja de Gm b H, Sa To io Gm b H, Sa D iam te Gm b H d Sa On ix Gm b H d t he ha ho l de loa he l d a i ty fe d to p ura p az p ura an an p ura an s re r ns s e q u re rre Se f ( ) in dr i l l 's b l ic ly i la b le ina ia l s ta te ts, t he is t he in te de b t w h ic h is ts ta d ing i la b le to be dr h ic h a p u av a nc me n re no o r rco mp an y ou n or av a aw n w ha be len by Se dr i l l e i in he Se bra i lo. t t ty t s en a a n a s s