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Regulatory press release

Seadrill Limited - Transactions By Primary Insiders

Seadrill
Hamilton, Bermuda, August 8, 2024 - Certain primary insiders in Seadrill Limited
("Seadrill" or the "Company") (NYSE & OSE: SDRL) have been issued ordinary
shares in the Company in connection with the vesting of certain Time-vested
Restricted Stock Units previously awarded to them under the Company's management
incentive plan, as further described in the attached form.

This information is subject to disclosure requirements pursuant to article 19 of
the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of
the Norwegian Securities Trading Act.

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.

Contact

Lydia Brantley Mabry

Director of Investor Relations

ir@seadrill.com
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