VENTURA OFFSHORE HOLDING LTD.: New share capital

23 Jul 2024 14:39 CEST

Reference is made to the stock exchange release from Ventura Offshore Holding
Ltd. (the "Company") published on 27 June 2024 regarding the acquisition of
Catarina, a 2012 built semisubmersible drilling rig, where USD 5 million of the
consideration for the rig is settled by issuance of 1,776,050 consideration
shares (the "Consideration Shares") in the Company at a price of NOK 30 per
Consideration Share to the seller of the rig.

Today, the Consideration Shares have been legally and validly issued and fully
paid. Following this share issue, the issued share capital of the Company is
1,046,093.84 divided into 104,609,384 common shares, each with a par value of
USD 0.01. The authorised share capital of the Company is USD 1,700,000 divided
into 170,000,000 shares each with a par value of USD 0.01.

For further queries, please contact:
Gunnar W. Eliassen
Chairperson of the Company
+44 7469140012
gunnar@snclondongroup.com

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 two semisubmersible drilling
rigs, SSV Victoria and SSV Catarina, and manages one drillship, Zonda. The
Company is incorporated under the laws of Bermuda.

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