SFL – Ruling from Borgarting Court of Appeal in the Seadrill Legal Case

SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) today announces that Borgarting Court of Appeal has delivered its judgment in the legal case between SFL’s rig-owning subsidiary and certain subsidiaries of Seadrill Ltd. (“Seadrill”), following the redelivery of the drilling rig Hercules to SFL in December 2022. In a unanimous judgment, the Court of Appeal found that Seadrill breached the contract when redelivering the rig. It ordered Seadrill to pay SFL’s subsidiary a total of approxima