Awilco Drilling PLC: De-listing Application sent to Oslo Børs

16 Apr 2025 13:01 CEST

Reference is made to Awilco Drilling PLC's ('Awilco Drilling' or the 'Company')
stock exchange releases dated 28 March and 16 April regarding the plan for and
power of authority given to the Board to apply for de-listing of the Company
from Euronext Growth Oslo.

Awilco Drilling has today sent an application for de-listing to Oslo Børs. Once
the Company is de-listed, the plan is to call for another extraordinary General
Meeting to vote on a proposed Company liquidation. A liquidation process is
expected to be completed by year-end 2025 and any remaining funds after all
costs are covered will be returned to the shareholders.

Aberdeen, 16 April 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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