SEADRILL LIMITED – NEW SHARE CAPITAL

HAMILTON, Bermuda—May 30, 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 740,613.39, divided on 74,061,339 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 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.