SDRL: Seadrill Limited announces approval and publication of a prospectus supplement

SDRL: Seadrill Limited announces approval and publication of a prospectus supplement

12 May 2022 17:40 CEST

Hamilton, Bermuda, 12 May 2022 - Reference is made to the stock exchange
announcement published by Seadrill Limited ("Seadrill" or "the Company") (XOAS
ticker: SDRL) on 27 April 2022 regarding the approval and publication of a
prospectus prepared in connection with the listing of the Company's shares on
Euronext Expand and the contemplated subsequent transfer to, and listing on, the
Oslo Stock Exchange's main list (the "Prospectus"), as well as the stock
exchange announcement published on 29 April 2022 regarding the filing of the
2021 annual report on Form 20-F.

The Financial Supervisory Authority of Norway (Nw.: Finanstilsynet) has today
approved a prospectus supplement dated 12 May 2022 (the "Prospectus Supplement")
to the Prospectus. The Prospectus Supplement has been prepared due to the
Company's publication of its audited consolidated financial statements as of and
for the fiscal year ended 31 December 2021 on 29 April 2022. The information
contained in the Prospectus Supplement shall be considered an integral part of,
and is to be read together with, the Prospectus. The Prospectus is available,
and the Prospectus Supplement will be made available, on the Company's website
https://www.seadrill.com/investors/.

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 from
shallow to ultra-deep-water environments. The Company owns and/or operates 30
rigs, which includes drillships, semi-submersibles, and jack-ups.

FORWARD LOOKING STATEMENTS

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 and the markets in which it operates. 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 regulatory filings and periodical reporting. 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 to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

[email protected]

+44 (0) 203 7454960

More information:
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Source

Seadrill Limited

Provider

Oslo Børs Newspoint