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Awilco Drilling PLC

Major Shareholding Notification • Apr 20, 2018

3547_dirs_2018-04-20_c8ca3507-b76b-46e8-8505-2779be1dcb2e.html

Major Shareholding Notification

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AWILCO DRILLING PLC (AWDR) - DISCLOSURE OF SHAREHOLDINGS

On 19 April 2018, funds managed by QVT Financial LP ("QVT") purchased and sold among themselves 836,116 shares in Awilco Drilling Plc ("Awilco Drilling") at a price of NOK 36.55 per share.

Following the aforementioned transactions, funds managed or otherwise deemed controlled by QVT hereafter (continue to) own a total of 4,087,044 shares in Awilco Drilling, or 8.58% of the registered share capital (the same total holdings as last disclosed). 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.