Ventura Offshore Holding Ltd – Result from Written Resolution

04 Jul 2024 11:30 CEST

Reference is made to the stock exchange notice published 28 June 2024 regarding
the summons to a written resolution for the senior secured bonds maturing 19
April 2027 with ISIN NO0013187179 (the “Bonds”) issued by Ventura Offshore Midco
Ltd (the "Issuer"), a subsidiary of Venture Offshore Holding Ltd, in connection
with the contemplated acquisition of the semisubmersible rig SSV Catarina, and
the stock exchange notice published 1 July 2024 regarding the Issuer's
successful placement of a bond tap issue under the Bonds of USD 55 million.

The Issuer's proposal as set out in the summons was today approved by the
bondholders. A copy of Nordic Trustee AS' notice from the written resolution is
attached.

DNB Markets, a part of DNB Bank ASA, and Clarksons Securities AS act as joint
bookrunners for the transaction.

About Ventura Offshore Holding Ltd.
Ventura Offshore Holding Ltd. is a deep water drilling contractor providing deep
water offshore drilling services to the oil and gas industry. The Company's core
activities are focused in the Brazilian offshore oil and gas market. The Company
owns and operates one drillship, DS Carolina, and one semisubmersible drilling
rig, SSV Victoria, and manages one drillship, Zonda, and one semisubmersible
drilling rig, SSV Catarina. Subject to completion of the acquisition of the
Catarina, the Company will own three drilling rigs and continue the management
of the drillship, Zonda. The Company is incorporated under the laws of Bermuda.

More information:
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623053_NO0013187179_NB_20240704.pdf