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Seadrill Ltd. lists on Euronext Expand Oslo

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  • Eighth listing on Oslo Børs so far in 2022 and the 25th on Euronext
  • The first listing in 2022 on Euronext Expand Oslo
  • Market capitalisation of approximately NOK 13.9 billion

Oslo – 28 April 2022 – Oslo Børs, part of Euronext Group, today congratulates the offshore drilling company Seadrill with its new listing on Euronext Expand Oslo (ticker: SDLR). This is the eighth listing on Oslo Børs so far this year, and the 25th on Euronext.

Seadrill is a deepwater drilling contractor for the petroleum industry. The company has a versatile fleet including drillships, jack-ups and semi-submersibles fit for shallow to ultra-deepwater areas. Seadrill owns and/or operates 35 drilling rigs in total.

The admission of Seadrill shares was set at NOK 265.40 per share. Market capitalisation was approximately NOK 13,9 billion, equivalent to USD 1,508 million[1] on the day of listing.

In recorded remarks, Simon Johnson, Seadrill's Chief Executive Officer, commented: “Today marks another milestone in Seadrill's ambition to set the standard in offshore drilling. We are delighted to be listing on Euronext Expand Oslo."

[1] Based on Norges Bank exchange rate between USD and NOK per 27.04.2022 set at 9,2448

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Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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