Awilco Drilling PLC

Director's Dealing • Jun 30, 2023

Awilco Drilling PLC: Mandatory notification of trade - primary insiders

Awilco Drilling PLC: Mandatory notification of trade - primary insiders

Awilco Drilling PLC: Mandatory notification of trade - primary insiders

Reference is made to the stock exchange announcement by Awilco Drilling PLC (the

"Company") published on 30 June 2023, regarding the successful private placement of new Sponsored Norwegian Depository Receipts in the Company (the "Private Placement").

Awilhelmsen Offshore has subscribed and been allocated 5,367,486 new Sponsored Norwegian Depository Receipts (SNDR) at NOK 9 per SNDR in the Private Placement, of which 2,833,690 are conditional upon approval by the company's extraordinary general meeting and registration of the new share capital in the UK Company’s House. After the transaction, Awilhelmsen Offshore owns 7,625,263 SNDRs in Awilco Drilling PLC, corresponding to an ownership of 53.89%. Awilhelmsen Offshore AS’ chairman, Sigurd E. Thorvildsen, is also the chairman of Awilco Drilling PLC.

Aberdeen, 30 June 2023

For further information please contact:

Erik Jacobs, CEO of Awilco Drilling; Tel: +47 95 29 22 71

Cathrine Haavind, Investor Relations of Awilco Drilling; Tel: +47 93 42 84 64,

ch@awilcodrilling.com

This information is subject to the disclosure requirements in Article 19 of MAR (Regulation (EU) No. 596/2014 on market abuse) as implemented in Norway in accordance with section 3-1 of the Norwegian Securities Trading Act.