Deep Value Driller AS – Mandatory notification of trades

08 Jan 2026 15:20 CET

8 January 2026: Reference is made to the stock exchange announcement made by
Deep Value Driller AS ("DVD" or the "Company") on 10 June 2022 regarding the
subscription by board member Glen Ole Rødland, acting through Corona Maritime
AS, for 300,000 warrants (the "Warrants"), each giving a right to one new share
in the Company, on the terms resolved by the general meeting held on 8 June
2022.

The Company and Glen Ole Rødland, acting through Corona Maritime AS, have today
agreed to terminate the Warrants and that the Company shall sell 300,000
treasury shares to Mr. Rødland at a price per share of NOK 3.60 (the "Purchase
Price"), which is equal to the exercise price of the Warrants, adjusted as set
out below. Mr. Rødland, including closely associated companies, holds no further
warrants in DVD.

The Purchase Price has been calculated in accordance with the terms as set out
in the warrant agreement entered into with DVD in 2022, being the original
exercise price for each Warrant of NOK 12.50 adjusted for the total amount of
dividends paid by DVD in the period from June 2022 to 8 January 2026 (in
aggregate NOK 8.90 per share).

Please see the attached form for further details about the transaction.

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities
Trading Act.

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:
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663338_DVD PDMR form 8 Jan 2025.pdf