Deep Value Driller AS – Mandatory notification of trade

01 Mar 2023 17:38 CET

1 March 2023: Gunnar Hvammen, board member and primary insider of Deep Value
Driller AS (the "Company"), has today acquired 1,500,000 shares in the Company
at a price of NOK 19.86 per share, acting through Thabo Energy AS. Following the
transaction, Gunnar Hvammen and his closely associated companies hold 7,000,000
shares, equivalent to approximately 8.07% of the Company's share capital, in
addition to 2,433,333 warrants. See the enclosed form for further details.

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities
Trading Act.

About Deep Value Driller

Deep Value Driller AS is a drillship-owning company which owns the high
specification UDW 7th generation drillship "Deep Value Driller", built in 2014.
As part of its strategy, the company has an ambition to create and maximise
value for its customers and investors, while at the same time ensuring safe and
sustainable operation of its drillship. For further information, visit
www.deepvaluedriller.no.

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584031_Notification of transactions by person closely associated with PDMR 01.03.23.pdf