Seadrill Ltd (SDRL)

[postal72]

On the Effective Date, the Company will have approximately 100 million New Common Shares outstanding. The New Common Shares will be allocated as set forth below, in accordance with provisions of the Plan and issued on the Effective Date:

14.25% of the New Common Shares issued to holders of unsecured claims against the Company and certain of its chapter 11 debtor affiliates;
23.75% of the New Common Shares issued to participants in the $200 million equity investment under the Plan;
54.625% of the New Common Shares issued to participants in the $880 million new secured notes investment under the Plan;
1.9% of the New Common Shares issued to holders of existing common equity interest in the Company as of the Effective Date, an effective exchange ratio of approximately 0.0037345 New Common Shares per each Existing Share, and
5.475% of the New Common Shares issued as a structuring fee to certain of the new money investors.