Seadrill Limited — Remuneration Information 2018

Sep 19, 2018

SDRL - Issuance of restricted stock units to primary insiders

SDRL - Issuance of restricted stock units to primary insiders

Hamilton, Bermuda, September 19, 2018 - Seadrill Limited ("Seadrill" or the

"Company") announces that the Board of Directors has approved the Company's

Equity Incentive Plan ("EIP") and 238,569 Restricted Stock Units ("RSUs) were

awarded on September 4, 2018 to primary insiders in accordance with the terms of

the EIP.

The RSUs entitle the recipient to receive one common share for each RSU awarded

subject to the terms of the EIP.  The RSUs are non-transferable and one third of

the award will vest and be delivered without further consideration on each of

the first three anniversaries following the date of the award.

The following primary insiders have been allocated the RSUs shown in the table

below.  The RSUs awarded are the only RSUs in the Company that primary insiders

and their close associates have.

+-------------------------+---------------+------+-----------------------------+

|Primary Insider | Title| RSUs|Other shareholdings of |

| | | |Primary Insider & close |

| | | |associates |

+-------------------------+---------------+------+-----------------------------+

|John Fredriksen | Chairman| 5,105| Note (1)|

+-------------------------+---------------+------+-----------------------------+

|Eugene Davis | Director | 5,105|  |

+-------------------------+---------------+------+-----------------------------+

|Kjell-Erik Østdahl | Director | 5,105|  |

+-------------------------+---------------+------+-----------------------------+

|Peter Sharpe | Director| 5,105|  |

+-------------------------+---------------+------+-----------------------------+

|Harald Thorstein | Director | 5,105|  |

+-------------------------+---------------+------+-----------------------------+

|Birgitte Ringstad Vartdal| Director | 5,105|  |

+-------------------------+---------------+------+-----------------------------+

|Scott Vogel | Director | 5,105|  |

+-------------------------+---------------+------+-----------------------------+

|Anton Dibowitz | CEO|90,056|  |

+-------------------------+---------------+------+-----------------------------+

|Leif Nelson | COO|50,124|  |

+-------------------------+---------------+------+-----------------------------+

|Mark Morris | CFO|42,605|  |

+-------------------------+---------------+------+-----------------------------+

|Chris Edwards |General Counsel|20,049|  |

+-------------------------+---------------+------+-----------------------------+

(1) Hemen Holding Limited ("Hemen") beneficially holds 30,857,046 shares. The

shares beneficially held by Hemen are indirectly held in trusts established by

Mr. John Fredriksen for the benefit of his immediate family. Mr. Fredriksen

disclaims beneficial ownership of the shares held by Hemen, except to the extent

of his voting and dispositive interest in such common shares. Mr. Fredriksen has

no pecuniary interest in the shares held by Hemen.

This information is subject of the disclosure requirements pursuant to section

4-2 of the Norwegian Securities Trading Act.