Shelf Drilling (North Sea), Ltd. - New Share Capital

16 Oct 2024 08:45 CEST

PRESS RELEASE

SHELF DRILLING (NORTH SEA), LTD. – NEW SHARE CAPITAL

Dubai, October 16, 2024 – Reference is made to the stock exchange announcement
by Shelf Drilling (North Sea), Ltd. ("Shelf Drilling North Sea" or the
"Company") as of October 11, 2024, regarding the completion of the acquisition
of the Company by Shelf Drilling, Ltd. through a Merger (as defined in the
referred announcement).

Following the Merger, the issued share capital of the Company is USD 600,001,
divided into 60,000,100 common shares, each with a par value of USD 0.01. The
authorised share capital of the Company is USD 1,200,000, divided into
120,000,000 shares, each with a par value of USD 0.01.

For further information, please contact: investor.relations@shelfdrilling.com

About Shelf Drilling North Sea
Shelf Drilling North Sea is a shallow water offshore drilling contractor
primarily operating in the North Sea. The company's fit-for-purpose strategy and
fleet of modern high-specification harsh environment jack-up rigs enable it to
offer a broad range of services in the shallow water drilling markets. The
Company is incorporated under the laws of Bermuda. Since October 12, 2022,
company shares are listed on the Euronext Growth Oslo Exchange under the ticker
symbol SDNS.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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