Company Announcements

HAMILTON, Bermuda--(BUSINESS WIRE)--Jun. 3, 2026-- Seadrill Limited (NYSE: SDRL) ("Seadrill" or the "Company") today announced the 2026 Annual General Meeting of the Shareholders of the Company was held on June 3, 2026, at the Hamilton Princess Hotel & Beach Club, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2025 were laid before the Meeting.

In addition, the following resolutions were passed by shareholders:

1. To determine that the number of Directors comprising the Board of Directors of the Company (the “Board”) be set at up to nine (9) Directors until such number is determined or changed in accordance with the bye-laws of the Company (the “Bye-laws”) and to authorize the Board to fill any vacancy on the Board left unfilled at any general meeting of shareholders.
   
   
2. To re-elect, by way of separate resolutions, each of Julie J. Robertson, Jean Cahuzac, Jan Kjærvik, Mark McCollum, Harry Quarls, Andrew Schultz, Paul Smith, Jonathan Swinney and Ana Zambelli as Directors of the Company to serve until the Company’s next annual general meeting of shareholders or until their respective offices are otherwise vacated in accordance with the Bye-laws.
   
   
3. To approve the appointment of PricewaterhouseCoopers LLP, United States (“PwC US”), to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 and until the close of the Company’s next annual general meeting of shareholders thereafter and the authorization of the Board (acting through the Audit and Risk Committee of the Board) to determine the remuneration of PwC US.
   
   
4. To approve and ratify the remuneration of the Directors.
   
   
5. To conduct an advisory vote to approve the compensation of the Company’s named executive officers for 2025.
   
   
6. To approve Amendment No. 1 to the Amended and Restated Seadrill Limited 2022 Management Incentive Plan.

About Seadrill

Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For additional information, visit www.seadrill.com.

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Kevin Smith
Vice President – Corporate Finance and Investor Relations
ir@seadrill.com

Source: Seadrill Limited