SDSD: THIRD QUARTER 2024 FINANCIAL RESULTS – CASH DIVIDEND OF NOK 0.20 PER SHARE

07 Nov 2024 07:00 CET

Limassol, November 7th 2024

S.D. Standard ETC Plc (Standard ETC, OSE:SDSD) reports a net loss after tax of
USD 0.2 million in the third quarter of 2024, compared to a net profit after tax
of USD 18.4 million in the third quarter of 2023. The company is a leading
shareholder in Dolphin Drilling AS (Dolphin Drilling, OSE:DRILL) and Standard
Supply AS (Standard Supply, OSE:STSU). The Board of Directors of SDSD has also
resolved to declare a dividend distribution of NOK 0.20 per share.

Martin Nes, Standard ETC’s Board Chairman, comments: “Following the successful
realization of Standard Supply, Standard ETC is pleased to announce a dividend
of NOK 0.20 per share”.

As an investment entity, Standard ETC does not consolidate its subsidiaries. The
company reported a net loss after tax of USD 0.2 million in the third quarter of
2024, with unrealized losses from the investments in DDRIL and STSU offset by
gains from the equity- and credit investments. The company had a cash position
of USD 58.5 million at the end of the quarter, excluding cash held by
subsidiaries.

Board of Directors has declared a dividend distribution of NOK 0.20 per share.
For further information on such cash dividend, please refer to the key
information notice to be disclosed shortly after this notice.

The company's stakes in Dolphin Drilling and Standard Supply are evaluated at
the quarter-end share prices.

Attached are the company presentation and the Board of Directors' report.

ENDS

For further information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board Martin Nes at +47 92 01 48 14

About Standard-ETC | standard-etc.com
S.D. Standard ETC is an investment company founded in 2010. The company holds a
concentrated investment portfolio including a 53% ownership in Standard Supply
AS (Euronext Growth: STSU) and a 17% ownership in the listed drilling company
Dolphin Drilling AS (Euronext Growth DDRIL). S.D. Standard ETC is headquartered
in Cyprus and listed on the Oslo Stock Exchange under the ticker SDSD.

More information:
Access the news on Oslo Bors NewsWeb site

631470_SDSD Q3 2024 Presentation.pdf
631470_SDSD Q3 2024 Report.pdf
631470_SDSD Q3 2024 OSE Notification.pdf