Seadrill Limited — Share Issue/Capital Change 2024

Aug 8, 2024

SEADRILL LIMITED – NEW SHARE CAPITAL

SEADRILL LIMITED – NEW SHARE CAPITAL

HAMILTON, Bermuda—August 8, 2024—Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) confirms that following issuance of shares under its management incentive plan, the Company's share capital is USD 688,340.75, divided on 68,834,075 shares, each with a par value of USD 0.01 and registered in the relevant registries.

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contact Information

Lydia Brantley Mabry

Director of Investor Relations

ir@seadrill.com

About Seadrill

Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.