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Seadrill Limited Major Shareholding Notification 2024

Apr 3, 2024

9186_mrq_2024-04-03_c8564d69-cd25-454f-a40b-8173039e5754.pdf

Major Shareholding Notification

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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

April, 2nd 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 above 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: 1st April 2024
Event triggering the notification: Acquisition of
equity
shares
Total new holding: 3,795,932
representing 5.13%
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 AG, UBS
Fund Management (Switzerland) AG, UBS Asset Management
(UK) Limited,
UBS Switzerland AG,
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 Sjoerd Sluimer on +41-44-235 11 50 in Zurich.

Yours faithfully,

UBS Group AG

Iwona Konwinska Sjoerd Sluimer

Associate Director Authorized Officer