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Regulatory press release

SDRL: Seadrill Limited Files its 2023 Annual Report on Form 20-F

Seadrill
Hamilton, Bermuda, March 27, 2024 - Seadrill Limited ("Seadrill" or the
"Company") (NYSE & OSE: SDRL) today announced that it has filed its annual
report on Form 20-F for the year ended December 31, 2023 (the "Annual Report")
with the U.S. Securities and Exchange Commission (the "SEC"). The Annual Report
can be accessed on the website of the SEC, www.sec.gov, and is also available on
the investor portion of the Company's website, www.seadrill.com.

Shareholders may request a hard copy of the Annual Report, which includes the
Company's complete 2023 audited financial statements, free of charge, by sending
an email to ir@seadrill.com.

Seadrill contact information
Lydia Brantley Mabry
Director of Investor Relations
ir@seadrill.com

About Seadrill
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-deep-water environments.

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