Ventura Offshore Midco Ltd – Successful placement of bond tap issue

16 Apr 2026 15:45 CEST

April 16, 2026 - Reference is made to the stock exchange notice published 15
April 2026 regarding the summons to written resolution and contemplated tap
issue in relation to Ventura Offshore MidCo Ltd’s (the “Issuer”) existing senior
secured bonds maturing 19 April 2027 with ISIN NO0013187179 (the “Bonds”).

The Issuer has today successfully placed a bond tap issue of USD 75 million.
Following settlement of the tap issue, expected to be 4 May 2026, the total
amount outstanding under the Bonds will be USD 190 million. The bond tap issue
was priced at 100% of par.

The net proceeds from the bond tap issue will be used to partly finance capital
expenditures and other costs related to contract extensions for SSV Victoria and
DS Carolina, and for general corporate purposes.

The additional bonds will be listed on Euronext ABM.

DNB Carnegie, a part of DNB Bank ASA, acts as Sole Global Coordinator and
Bookrunner, and Clarksons Securities AS and Fearnley Securities AS act as Joint
Lead Managers in the transaction.

For further queries, please contact:

Guilherme Coelho
Chief Executive Officer
+55 21 99311 1167
guilherme.coelho@ventura-offshore.com

About Ventura Offshore Midco Ltd.
Ventura Offshore Midco Ltd. is a subsidiary of Ventura Offshore Holding Ltd., a
deep water drilling contractor providing deep water offshore drilling services
to the oil and gas industry. Ventura Offshore Holding Ltd. and its subsidiaries’
core activities are focused in the Brazilian offshore oil and gas market.
Ventura Offshore Holding Ltd. and its subsidiaries owns and operates one
drillship, DS Carolina, and two semisubmersible drilling rigs, SSV Victoria and
SSV Catarina, and manages one drillship, DS Zonda. Ventura Offshore Midco Ltd.,
and Ventura Offshore Holding Ltd. are incorporated under the laws of Bermuda.

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