NorAm Drilling AS

Director's Dealing • Mar 15, 2023

NorAm Drilling AS – Mandatory Notification of Trades by Primary Insiders

NorAm Drilling AS – Mandatory Notification of Trades by Primary Insiders

Oslo, Norway, 15 March, 2023

NorAm Drilling AS today received the following trade notifications from persons discharging managerial responsibilities:

• Ole B. Hjertaker (through Splendini AS), chair of the Company’s board of directors, has on 15 March, 2023 acquired a total of 14,638 shares in NorAm Drilling AS at a price of NOK 56.53 per share. Following the transaction, Ole B. Hjertaker through companies holds a total of 193,138 shares in the Company.

• Marius Furuly, Investor Relations and Strategy Director of the Company, has on 15 March, 2023 acquired a total of 2,000 shares in NorAm Drilling AS at a price of NOK 56.50 per share. Following the transaction, Marius Furuly holds a total of 16,108 shares in the Company.

The notifications concerning acquisition of shares are attached hereto.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

About NorAm Drilling

NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the largest oil producing region in North America. NorAm Drilling is debt free and has industry leading operating margins. The Company has a full pay-out dividend strategy, targeting frequent cash distributions in an improving market.

For more information visit www.noramdrilling.com.