Reference is made to the stock exchange announcement published by the Oslo Stock Exchange on 26 April 2022, regarding its decision to admit the shares of Seadrill Limited  to trading on Euronext Expand.

The first day of trading of the Company’s shares on Euronext Expand is expected to be on or about 28 April 2022.

The Company has prepared a prospectus in connection with the listing of the shares on Euronext Expand and the contemplated subsequent transfer to and listing on the Oslo Stock Exchange’s main list (the “Prospectus”). The Prospectus has been approved by the Norwegian Financial Supervisory Authority and will be made available on the Company’s website: www.seadrill.com/investors.

Grant Creed, Seadrill’s Chief Financial Officer, commented, “Listing on the Euronext Expand is an important milestone in Seadrill’s ability to continue setting the standard in offshore drilling. We look forward to Seadrill once again being listed in the public markets and continuing our long history of strong engagement with the investor community.”