Deep Value Driller AS – Q4 2024 results and dividend of NOK 0.25 per share declared

07 Feb 2025 07:00 CET

Oslo, 7 February 2025: Deep Value Driller AS ("DVD" or the "Company") reports
interim results for the fourth quarter of 2024 and the board of directors'
resolution to distribute a dividend of NOK 0.25 per share for February 2025.
DVD's financial statements for the fourth quarter of 2024 are attached to this
notice and available on www.deepvaluedriller.no.

In accordance with DVD's updated dividend policy as announced on 4 October 2024,
DVD's board of directors has resolved to distribute a dividend in the amount of
NOK 0.25 per share, in total approximately NOK 21.6 million, for February 2025.
The dividend is expected to be paid on or about 14 February 2025 and will be
regarded as repayment of paid in capital by the shareholders of DVD. The
dividend is resolved based on the board's authorisation as granted by DVD's
annual general meeting on 14 May 2024. DVD notes that pursuant to the Company's
loan facility, as amended 26 March 2024, the Company is required to retain an
amount equal to 12 months of interest payments which is not available for
distribution.

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Contacts:
Svend Anton Maier, CEO
+47 41 42 71 29
sam@deepvaluedriller.no

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book
part II.

About Deep Value Driller

Deep Value Driller AS is a drillship-owning company which owns the high
specification UDW 7th generation drillship "Deep Value Driller", built in 2014.
As part of its strategy, the company has an ambition to create and maximise
value for its customers and investors, while at the same time ensuring safe and
sustainable operation of its drillship. For further information, visit
www.deepvaluedriller.no.

More information:
Access the news on Oslo Bors NewsWeb site

637973_DVD 2024 Q4 report.pdf