Deep Value Driller AS – Mandatory notification of trade - correction

02 Mar 2023 10:33 CET

Reference is made to the stock exchange notice on 1 March 2023 by Deep Value
Driller AS.

On 1 March 2023, Gunnar Hvammen, board member and primary insider of Deep Value
Driller AS (the "Company"), acquired 1,500,000 shares in the Company at a price
of NOK 19.86 per share, of which 1,000,000 shares were acquired through Thabo
Energy AS, and 500,000 shares were acquired through Solan Capital 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 forms 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.

More information:
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584093_Notification of transactions by person closely associated with PDMR 01.03.23.pdf