Seadrill Ltd. (SDRL) Sells 35% Stake in Paratus Energy Services Limited

Seadrill Limited (NYSE: SDRL) announces today that it has entered into binding Share Purchase Agreements ("SPAs") under which it will sell its entire 35% shareholding in Paratus Energy Services Limited (formerly Seadrill New Finance Limited) and certain other interests ("Sale"). Paratus Energy Services Limited is the entity through which investments in SeaMex Group, Seabras Sapura and Archer Ltd are held.

Completion of the Sale is subject to customary closing conditions, including approval of competition authorities in relevant jurisdictions, and is anticipated to occur within the fourth quarter of 2022 or early 2023.

Seadrill Contact Information:

David WarwickDirector of Investor Relations[email protected]

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