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Seadrill Limited Major Shareholding Notification 2024

Feb 6, 2024

9186_mrq_2024-02-06_03fac518-f768-4aed-82b3-40dc097965c3.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

February, 5 th 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like to inform you that UBS Group AG has crossed above 5% of the total share capital due to trading book exemption no longer applicable in the issuer Seadrill Limited (BMG7997W1029).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: 2
nd February 2024
Event triggering the notification: Acquisition of
equity
shares
Total new holding: 3'852'211
representing
5.20%
of the 74'048'962
voting
rights
and of the share capital. The shares
and financial
instruments 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
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