Awilco Drilling PLC

Capital/Financing Update • Mar 24, 2014

AWDR - Contemplating Bond Issue

AWDR - Contemplating Bond Issue

Awilco Drilling PLC is contemplating to issue a new secured bond loan in the

Norwegian bond market with maturity in april 2019. The purpose of the bond loan

is refinancing of existing debt and for general corporate purposes.

RS Platou Markets AS has been appointed as sole manager and bookrunner of the

contemplated bond issue.

Aberdeen, 24 March 2014

For further information, please contact:

Ian Wilson, CFO Awilco Drilling

Telephone: +44 7789 954569

Cathrine Haavind, IR Manager, Awilco Drilling

Telephone: +47 93 42 84 64

Simen Flaaten, RS Platou Markets

Telephone: +47 22 01 63 77

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1771074]