Awilco Drilling PLC: Cancellation of Share Premium Account Completed

27 Jan 2025 22:30 CET

Reference is made to the resolution passed at the extraordinary general meeting
of Awilco Drilling PLC on 25 October 2024 regarding the cancellation of the
Company's share premium account. The process has now been completed and the
court order has been registered at Companies House. The amount arising from the
Reduction is credited to reserves and the Company now has greater flexibility to
make dividend payments to shareholders. The Board is evaluating the Company's
strategic options and will notify the market as soon as a conclusion is reached.

Aberdeen, 27 January 2025


For further information please contact:

Eric Jacobs, CEO of Awilco Drilling PLC
Phone: +47 9529 2271

Cathrine Haavind, Investor Relations of Awilco Drilling PLC
Phone: +47 9342 8464
Email: ch@awilcodrilling.com (mailto:ch@awilcodrilling.com)

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

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