Weatherford to hold Special Shareholder Meetings on September 3

Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it will hold Special Shareholder Meetings on September 3, 2026, to consider the Company's proposed redomestication from Ireland to Delaware.

The definitive proxy statement for the meetings was filed with the U.S. Securities and Exchange Commission today and is being distributed to all shareholders.

The Weatherford Board of Directors unanimously recommends that shareholders vote FOR all proposals related to the proposed redomestication, which the Board believes will simplify the Company's organizational, statutory and regulatory structure while creating a more appropriate corporate framework to support Weatherford's long-term strategy.

The expected financial benefits for Weatherford are estimated to be approximately $20 million to $30 million in annual cash savings beginning in 2027 if the redomestication and related corporate restructuring is completed in 2026.

The Company views the redomestication transactions as a significant pillar in its continued improvement in adjusted free cash flow conversion.

Shareholders are reminded that new voting instructions are required for this meeting. Any votes submitted in connection with the Company's June 11, 2026, shareholder meetings will not be counted for the September 3 meetings.

To ensure your shares are voted, shareholders must complete and submit BOTH proxy cards, one for the Scheme Meeting and one for the Extraordinary General Meeting.

Approval of the proposed redomestication requires shareholder approval at both meetings.