Shelf Drilling North Sea 2024 AGM Results Notification

04 Dec 2024 19:20 CET

PRESS RELEASE
SHELF DRILLING NORTH SEA 2024 AGM RESULTS NOTIFICATION

Hamilton, Bermuda, December 4, 2024 – Shelf Drilling (North Sea), Ltd. (the
“Company”, Euronext Growth Oslo: SDNS) advises that the 2024 Annual General
Meeting of the Company was held today at Clarendon House, 2 Church Street,
Hamilton HM11, Bermuda. The audited consolidated financial statements for the
Company for the year ended December 31, 2023 were presented to the Meeting.

In addition, the following resolutions were passed:

1. To elect the following three individuals as directors of the Company to hold
office until the Annual General Meeting of the Company in 2026 or until their
respective successors have been elected or appointed or their office is
otherwise vacated:

a. Rita Granlund
b. William Hoffman
c. Gregory O’Brien

2. To appoint Gregory O’Brien as Chairman of the Board until such time as he
resigns or his appointment is revoked by further resolution of the Members.

3. To appoint PricewaterhouseCoopers, Dubai Branch as the auditors of the
Company and to authorize the Company’s Board of Directors to determine their
remuneration.

4. To approve the remuneration of the Company’s independent directors of a total
amount of fees not to exceed US$100,000 for the year ending December 31, 2024.

For questions or comments, please contact investor.sdns@shelfdrilling.com.

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

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