Awilco Drilling PLC

Appendix 2

Form of Exercise Notice

To:

Awilco Drilling PLC For the attention of Cathrine Haavind By email: [email protected]

This is an Exercise Notice (as defined in the warrant deed issued by Awilco Drilling PLC on 30 June 2023 (the "Deed")).

Terms defined in the Deed shall have the same meanings when used in this Exercise Notice.

I/we hereby exercise the number of Warrants specified below.

Number of Warrants exercised:
Name of Warrantholder:
Contact person:
Email:
Telephone number:
VPS account number:

For and on behalf of the Warrantholder:

Signature: ________________________________

Name: ________________________________

Title: ________________________________ Place/date: ________________________________