Seadrill Limited — Major Shareholding Notification 2018

Jul 3, 2018

GLG PARTNERS LP - MAJOR SHAREHOLDING DISCLOSURE

GLG PARTNERS LP - MAJOR SHAREHOLDING DISCLOSURE

Please note that this notification was triggered following Seadrill's announcement that it has emerged from chapter 11 after successfully completing its reorganization pursuant to its chapter 11 plan of reorganization. The plan involved conversion of existing bonds (of which GLG was a holder) to new equity and as such GLG has received new common shares.

Name of issuer: Seadrill Ltd

Event that triggered the disclosure requirement: GLG received new equity as part of its involvement in reorganization

Date on which threshold was crossed: 03rd July 2018

Identity of the shareholder: GLG Partners LP

Number of shares compromised by the notification: 8,214,784

Resulting situation in terms of shares and voting rights: as above.

Percentage of shares and votes held through rights to shares: 8.21% (as percentage of 100,000,000 post-reorganisation ordinary shares)