Major Shareholding Notification

14 Oct 2024 17:28 CEST

Caius Capital LLP, a FCA regulated entity under Reference Number 735887, acting
as an Alternative Investment Fund Manager for three underlying clients; as at
the close of business on Friday 11th October 2024, held 17,437,343 shares of
Shelf Drilling Ltd having ISIN KYG236271055 representing 8.16% shareholding of
the issued share capital of the company. As a result of the merger between Shelf
Drilling Ltd and Shelf Drilling (North Sea) Ltd completed after the close of
business on 11th October 2024 , Caius Capital LLP became entitled to receive
additional shares in Shelf Drilling Ltd. As a result of the new shares Caius
Capital LLP will receive, and the increase in Shelf Drilling’s Share count
announced today 14th October, upon delivery of the merger consideration, Caius
Capital LLP will hold 25,936,395 shares in Shelf Drilling Ltd. representing
10.14% of the company’s issued share capital requiring Caius Capital LLP to
report the position pursuant to sections 4-2 and 4-3 of the Norwegian Securities
Trading Act, and chapter 4 of the Norwegian Securities Regulations.

1. Name of the person subject to the notification requirement: Caius Capital LLP
2. Background for the notification: Crossing above 10% holding threshold
3. Name of the issuer: Shelf Drilling Ltd
4. Description of the financial instrument: Equity
5. Type of transaction: Merger
6. Timing of and market for the transaction: 11th-15th October 2024
7. Price and volume of the transaction: received 8,499,052 additional shares as
result of merger between Shelf Drilling Ltd and Shelf Drilling (North Sea) Ltd.
8. Holding after the transaction. 25,936,395 (10.14%)

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