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Regulatory press release

Seadrill Limited - Disclosure of large shareholdings

Export Finance Norway ("Eksfin"), has on 28.4.2022 sold 8 829 997 shares in
Seadrill Limited ("Seadrill") to Støperigata Holding AS, representing
approximately 17,659994 % of the total share capital in Seadrill, at a price of
NOK 330,- per share. Støperigata Holding AS is controlled by Export Finance
Norway.

Following the transaction, the shareholders have passed the following disclosure
thresholds pursuant to section 4-2 of the Norwegian Securities Trading Act:

- Eksfin holds nil shares in Seadrill, representing nil % of the total number
of shares and votes in Seadrill, and has thereby fallen below the 5% threshold
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