Seadrill Limited — Share Issue/Capital Change 2024

Feb 5, 2024

Seadrill Limited – New Share Capital

Seadrill Limited – New Share Capital

HAMILTON, Bermuda—February 5, 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 740,606.28, divided on 74,060,628 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

T: +1 (832) 252-7064

E: lydia.mabry@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill's high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations across geographies, from shallow to ultra-deepwater environments.

For additional information, visit www.seadrill.com.