Seadrill Limited (SRDL) - Filing of Form 6-K report with unaudited financial statements for Aquadrill and unaudited pro forma financial information for Seadrill

Hamilton, Bermuda, June 21, 2023 - Seadrill Limited ("Seadrill" or the"Company") (NYSE & OSE: SDRL) today announces that it has filed the attachedForm 6-K report with the U.S. Securities and Exchange Commission (the "SEC")inconnection with the release of the Aquadrill LLC ("Aquadrill") unauditedfinancial statements for the three months ended March 31, 2023 and 2022, andtheCompany's unaudited pro forma financial statements for the three months endedMarch 31, 2023 and 2022. The Form 6-K can be accessed on the website of theSEC(www.sec.gov) and is also available on the Company's website(www.seadrill.com/investors).

Contact InformationFor additional information, visit www.seadrill.com.

Benjamin WisemanInvestor RelationsT: +44 (0)7867139312E: benjamin.wiseman@seadrill.com

About SeadrillSeadrill is a leading offshore drilling contractor utilizing advancedtechnologyto unlock oil and gas resources for clients across harsh and benign locationsaround the globe. Seadrill's high-quality, technologically-advanced fleetspansall asset classes allowing its experienced crews to conduct operations acrossgeographies, from shallow to ultra-deepwater environments.

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