SDRL - Minutes from the Annual General Meeting 2020

1.  To re-elect Directors as follows: 1.  To re-elect Directors as follows: 2.  To re-appoint PricewaterhouseCoopers LLP as auditors of the Company and authorise the Directors to determine its remuneration. 3.  To approve the remuneration of the Company's Board of Directors for a total amount of fees not to exceedUS$1,500,000for the year ended December 31, 2020. 4.  To deem the vacancy on the Board of one (1) Director as a casual vacancy for the purposes of the bye-laws of the...

1.  To re-elect Directors as follows:

2.  To re-appoint PricewaterhouseCoopers LLP as auditors of the Company and authorise the Directors to determine its remuneration.

3.  To approve the remuneration of the Company's Board of Directors for a total amount of fees not to exceed US$1,500,000 for the year ended December 31, 2020.

4.  To deem the vacancy on the Board of one (1) Director as a casual vacancy for the purposes of the bye-laws of the Company and to authorise such vacancy to be filled at a later date at the discretion of the Board.

Changes to Directors

Peter Sharpe has decided not to stand for re-election at the AGM and therefore resigned as a Director of the Company with effect from December 3, 2020.

Kjell-Erik Ostdahl has decided to resign from the Board of Directors of the Company with effect from December 3, 2020.

Commenting on this decision, Glen Ole Rødland, Chairman, said: "I would like to thank Peter and Kjell-Erik for their dedication, enthusiasm and expertise. Both have played key roles on the Seadrill board since they took up their seats in 2018."

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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