SDRL – Ex. right to shares in Seadrill today

Issuer name: Seadrill Limited

Ex. date: 23 February 2022

Type of corporate action: Right to shares in the new parent company for the Seadrill group following emergence from Chapter 11, whose name will be changed on or about the date of emergence to Seadrill Limited.

Other information: Reference is made to the stock exchange announcements published by Seadrill Limited on 21 and 22 February 2022.

This information is published in accordance with the requirements of the Continuing Obligations pursuant to Oslo Rule Book II.