Awilco Drilling PLC

Awilco Drilling PLC: Awilco Drilling Reports Q4 2019 results

Awilco Drilling PLC reported contract revenue of USD 8.3 million (USD 10.3

million in Q3), EBITDA USD 0.5 million loss (USD 2.6 million in Q3) and net loss

of USD 27.0 million after an impairment charge of USD 23 million (USD 0.9

million loss in Q3).

Revenue efficiency was 86.0% during the quarter (96.2 % in Q3).

Operational uptime was 100% during the quarter (100% in Q3).

Contract utilisation was 43.8% during the quarter, (50 % in Q3).

Please see attached for the Q4 2019 report.

A quarterly presentation will be held today, on 25 February 2020, at 10:30 CET

in Awilhelmsen's offices at Beddingen 8, Aker Brygge, Oslo, Norway.

A conference call will be held today, on 25 February 2020, at 14:00 UK time

(15:00pm CET / 09:00 EST). The presentation will be available for download on

the Investor Relations section (go to "Press Releases") at

www.awilcodrilling.com (http://www.awilcodrilling.com) prior to the call. There

will be a Q&A session after the presentation.

Click this link to register

(https://event.loopup.com/SelfRegistration/registration.aspx?booking=YZ2v11sY58D

O0mfaR10Cnc8EvQOT15w5ZB3f8DXOQxk=&b=2389e96d-457b-46a8-bebb-fec356d5b031) for

the conference call or copy and paste the following address into your browser:

https://event.loopup.com/SelfRegistration/registration.aspx?booking=YZ2v11sY58DO

0mfaR10Cnc8EvQOT15w5ZB3f8DXOQxk=&b=2389e96d-457b-46a8-bebb-fec356d5b031

Once registered, you will receive an email with dial-in numbers and pins.

Aberdeen, 25 February 2020

For further information please contact:

Jens Berge, CEO

Phone: +44 1224 737900

Cathrine Haavind, IR Manager

Phone: +47 93 42 84 64

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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