Seadrill Limited — Proxy Solicitation & Information Statement 2019

Jun 21, 2019

SEADRILL LIMITED P.O. BOX HM 1593 HAMILTON HMGX, BERMUDA

BY INTERNET - www.proxyvote.com

Use the Internet to appoint a proxy and transmit your instructions. Instruct by 11:59 p.m. ET on July 1, 2019. Have your resolution card in hand when you access the website and follow the instructions to obtain your records and to create an electronic instruction form.

BY PHONE - 1-800-690-6903

Use any touch-tone telephone to appoint a proxy and transmit your instructions. Instruct by 11:59 p.m. ET on July 1, 2019. Have your resolution card in hand when you call and then follow the instructions.

BY MAIL

Mark, sign and date your resolution card to appoint a proxy and give your instructions and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.

TO COMPLETE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:

E81882-Y87961

KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY

SEADRILL LIMITED
The Board of Directors unanimously recommends that you APPROVE the following resolutions: RESOLVED THAT						In Favor	Against
1.	The size of the Board be increased to a maximum of 7 directors.					!	!
2.	Vacancies on the Board unfilled by the Members pursuant to Bye-law 103 be deemed casual vacancies which may be filled by the Board.					!	!
IMPORTANT: PLEASE DATE AND SIGN THESE WRITTEN RESOLUTIONS BELOW. Please sign exactly as your name(s) appear(s) hereon. Joint owners should each sign personally. When
signing as attorney, trustee, executor, administrator, guardian, corporate officer or other authorized representative of an entity, please give full title or capacity as such.
	Signature [PLEASE SIGN WITHIN BOX]	Date		Signature (Joint Owners)	Date

THIS RESOLUTION CARD IS VALID ONLY WHEN SIGNED AND DATED.

Important Notice Regarding the Availability of Proxy Materials:

The Written Resolutions are available at www.proxyvote.com.

E81883-Y87961

SEADRILL LIMITED

WRITTEN RESOLUTIONS OF SHAREHOLDERS IN LIEU OF MEETING

These Written Resolutions are solicited by the board of directors of Seadrill Limited ("Seadrill"), a Bermuda Company. The board of directors of Seadrill unanimously recommends that you APPROVE the resolutions set forth on the reverse side (the "Proposals").

Please execute and return this proxy instruction no later than 11:59 p.m., Eastern Time, on July 1, 2019, which is the date that Seadrill has set as the targeted final date for approval of the Written Resolutions. The shares will be counted as consenting IN FAVOR of or AGAINST the Proposals as you indicate on the reverse side. If you execute and return a proxy instruction without indicating a specific choice with respect to the Proposals, the shares will be counted as consenting IN FAVOR of the Proposals.

The shareholder(s), being a holder(s) of record of common shares, par value US \$0.10 per share, of Seadrill as of the close of business on June 13, 2019, acting by Written Resolutions in lieu of a meeting of shareholders pursuant to Section 77A of the Companies Act 1981 of Bermuda, hereby appoint(s) Kjell-Erik Østdahl as proxy and authorize(s) him to act as specified herein for the Proposals with respect to all of the common shares held of record by the shareholder(s).