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Awilco Drilling PLC

Major Shareholding Notification • Nov 2, 2018

3547_dirs_2018-11-02_a641ac79-e89f-43e7-84c1-2ed68a9a5347.html

Major Shareholding Notification

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AWILCO DRILLING PLC (AWDR) – DISCLOSURE OF SHAREHOLDINGS

On 1 November 2018, funds deemed controlled by QVT Financial LP (“QVT”) purchased in the open market 12,741 shares in Awilco Drilling Plc (“Awilco Drilling”) at a price of NOK 37.7 per share.

Following the aforementioned transaction, funds managed or otherwise deemed controlled by QVT hereafter own a total of 4,130,907 shares in Awilco Drilling, or 8.4% of the registered share capital. QVT’s CEO and founder, Dan Gold, is a member of the board of directors of Awilco Drilling.

For further information, please contact Meg Eisner at QVT Financial LP at +1 (212) 705-6229.