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Seadrill Limited Major Shareholding Notification 2024

Jan 22, 2024

9186_mrq_2024-01-22_469b64bf-52de-460f-acd8-86ea55d848dd.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

January, 19th 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 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: 18th January 2024 Event triggering the notification: Acquisition of equity shares. Total new holding: 3'859'798 representing 5.21% 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 Asset Management (UK) Limited, UBS Financial Services Inc., UBS AG, UBS Switzerland AG, UBS Securities LLC., Credit Suisse International, Credit Suisse Funds AG and 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.

Seadrill Ltd - Disclosure of large shareholdings January,19th 2024 Page 2 of 2

Yours faithfully,

UBS Group AG

Konstantina Georgaki Sjoerd Sluimer Director Authorized Officer