SDRL - Trading in SDRL R shares

Hamilton, Bermuda, 1 August 2018 - Seadrill Limited ("Seadrill" or the "Company") refers to the announcement dated 26 July 2018 regarding the listing and trading of its shares on the Oslo Stock Exchange ("OSE") under the ticker symbol "SDRL" (ISIN BMG7998G1069).

6,144,077 shares registered in the Norwegian Central Securities Depository (Verdipapirsentralen) (the "VPS") are restricted shares in the U.S., and are subject to a 40 day holding period (from 2 July 2018) during which they cannot be traded in the U.S. These restricted shares may only be traded in accordance with Regulation S, pursuant to registration under the Securities Act of 1933, as amended (the "1933 Act") or pursuant to an available exemption from the registration requirements of the 1933 Act.

These restricted shares are delivered and registered on a separate ISIN USG8000W1130 in the VPS. They will be listed on the OSE under a separate ticker symbol "SDRL R" and not traded under ticker symbol "SDRL" and ISIN BMG7998G1069.


This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F (File No. 001-34667). The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

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