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Awilco Drilling PLC

Major Shareholding Notification • Aug 22, 2018

3547_dirs_2018-08-22_d0bd8e73-ae2d-4c63-ae6f-f35250e11ad6.html

Major Shareholding Notification

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AWILCO DRILLING PLC (AWDR) - DISCLOSURE OF SHAREHOLDINGS

On 21 August 2018, funds deemed controlled by QVT Financial LP ("QVT") purchased in the open market 27,214 shares in Awilco Drilling Plc ("Awilco Drilling") at a price of NOK 38.91 per share.

Following the aforementioned transaction, funds managed or otherwise deemed controlled by QVT hereafter own a total of 4,114,258 shares in Awilco Drilling, or 8.39% 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.