Shelf Drilling (North Sea) Ltd.

Director's Dealing • Nov 26, 2025

Name
Reason for the notification
Position/status
Initial notification /Amendment	Initial notification
auction monitor
Business name	Shelf Drilling, Ltd.
LEI code
Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
Nature of the transaction
Price(s) and volume(s)	Currency	Price(s)	Volume(s)
	NOK	18.50	197,451
Aggregated information
5. Aggregated volume	197,451
6. Aggregated price
Date of the transaction
Place of the transaction
			Details of the person discharging managerial responsibilities/person closely associated Castle Harlan, Inc. Close associate of primary insider, John K. Castle, director in Shelf Drilling, Ltd. Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the 549300PTFC72J38UQF59 Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman. NOK 3,652,843.50 25 November 2025 XOFF – Outside a trading venue

1.		Details of the person discharging managerial responsibilities/person closely associated
a)	Name	CHP V AIV Pool 1, Ltd.
2.	Reason for the notification
a)	Position/status			Close associate of primary insider, John K. Castle, director in Shelf Drilling, Ltd.
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument		Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	13,346,689
d)	Aggregated information
	5. Aggregated volume	13,346,689
	6. Aggregated price	NOK 246,913,746.50
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	CHP V AIV Pool 2, Ltd.
2.	Reason for the notification
a)	Position/status			Close associate of primary insider, John K. Castle, director in Shelf Drilling, Ltd.
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	462,683
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	462,683 NOK 8,559,635.50
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	CHP V SD Co-Invest, LP
2.	Reason for the notification
a)	Position/status			Close associate of primary insider, John K. Castle, director in Shelf Drilling, Ltd.
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	3,386,425
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	3,386,425 NOK 62,648,862.50
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	GSFS USA Funding Sub LLC
2.	Reason for the notification
a)	Position/status			Close associate of primary insider, John K. Castle, director in Shelf Drilling, Ltd.
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	2,500,000
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	2,500,000 NOK 46,250,000
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	CHIP CHAMP III Capital LLC
2.	Reason for the notification
a)	Position/status			Close associate of primary insider, John K. Castle, director in Shelf Drilling, Ltd.
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	31,680
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	31,680 NOK 586,080
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John K. Castle
2.	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	500,000
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	500,000 NOK 9,250,000
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.		Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Benjamin Sebel
2.	Reason for the notification
a)	Position/status	Independent director
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	126,548
d)	Aggregated information
	5. Aggregated volume	126,548
	6. Aggregated price	NOK 2,341,138
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	The Sebel Family Trust
2.	Reason for the notification
a)	Position/status	Shelf Drilling, Ltd.		Close associate of primary insider, Benjamin Sebel, independent director in
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.	Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument		Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	100,000
d)	Aggregated information
	5. Aggregated volume	100,000
	6. Aggregated price	NOK 1,850,000
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

	Details of the person discharging managerial responsibilities/person closely associated
Name	David Williams
Reason for the notification
Position/status
Initial notification /Amendment	Initial notification
auction monitor
Business name	Shelf Drilling, Ltd.
LEI code
Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
Nature of the transaction
Price(s) and volume(s)	Currency	Price(s)	Volume(s)
	NOK	18.50	118,520
Aggregated information
5. Aggregated volume	118,520
6. Aggregated price	NOK 2,192,620
Date of the transaction
Place of the transaction
			Independent director Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the 549300PTFC72J38UQF59 Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman. 25 November 2025 XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Mullen
2.	Reason for the notification
a)	Position/status	Executive director
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	1,242,900
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	1,242,900 NOK 22,993,650
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.		Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kate Weir
2.	Reason for the notification
a)	Position/status		Associate General Counsel & Secretary
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	4,608
d)	Aggregated information
	5. Aggregated volume	4,608
	6. Aggregated price	NOK 85,248
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.		Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gregory O'Brien
2.	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	648,904
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	648,904 NOK 12,004,724
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.		Details of the person discharging managerial responsibilities/person closely associated
a)	Name	William Hoffman
2.	Reason for the notification
a)	Position/status	Chief Commercial Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor			Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		International Holding, Ltd. and ADES International Cayman.	Disposal in connection with the merger between Shelf Drilling, Ltd, ADES
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	645,447
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	645,447 NOK 11,940,769.50
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Douglas Stewart
2.	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name		Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	60,857
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	60,857 NOK 1,125,854.50
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Aaftaab Kharbanda
2.	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055)
b)	Nature of the transaction		Disposal in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	18.50	72,442
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	72,442 NOK 1,340,177
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gregory O'Brien
2.	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor		Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Options in Shelf Drilling, Ltd.
b)	Nature of the transaction		ADES International Holding, Ltd. and ADES International Cayman.	Cash settlement in connection with the merger between Shelf Drilling, Ltd,
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK	0 13.9	2,341,607
d)	Aggregated information
	5. Aggregated volume	2,341,607
	6. Aggregated price	NOK 32,548,337.30
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	William Hoffman
2.	Reason for the notification
a)	Position/status	Chief Commercial Officer
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Options in Shelf Drilling, Ltd.
b)	Nature of the transaction		Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	13.9	2,957,819
d)	Aggregated information
	5. Aggregated volume	2,957,819
	6. Aggregated price	NOK 41,113,684.10
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Aaftaab Kharbanda
2.	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Options in Shelf Drilling, Ltd.
b)	Nature of the transaction		Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	13.9	353,150
d)	Aggregated information
	5. Aggregated volume	353,150
	6. Aggregated price	NOK 4,908,785
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Mullen
2.	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Options in Shelf Drilling, Ltd.
b)	Nature of the transaction		Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	13.9	5,176,183
d)	Aggregated information
	5. Aggregated volume	5,176,183
	6. Aggregated price	NOK 71,948,943.70
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gregory O'Brien
2.	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
b)	Nature of the transaction		Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	18.50	2,877,822
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	2,877,822 NOK 53,239,707
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	William Hoffman
2.	Reason for the notification
a)	Position/status	Chief Commercial Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	KYG236271055).	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN:
b)	Nature of the transaction		Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	18.50	1,480,056
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	1,480,056 NOK 27,381,036
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Douglas Stewart
2.	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
b)	Nature of the transaction		Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	18.50	1,216,571
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	1,216,571 NOK 22,506,563.50
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Aaftaab Kharbanda
2.	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3.	auction monitor	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
b)	Nature of the transaction		Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	18.50	444,121
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	444,121 NOK 8,216,238.50
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Mullen
2.	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial notification
3.	auction monitor	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
b)	Nature of the transaction		Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	18.50	761,764
d)	Aggregated information
	5. Aggregated volume	761,764
	6. Aggregated price	NOK 14,092,634
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

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1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	J. William Franklin, Jr.
2.	Reason for the notification
a)	Position/status	Chairman of the Board
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
b)	Nature of the transaction	Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	18.50	125,923
d)	Aggregated information
	5. Aggregated volume	125,923
	6. Aggregated price	NOK 2,329,575.50
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Steven Becker
2.	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code		549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
b)	Nature of the transaction	Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	18.50	41,974
d)	Aggregated information
	5. Aggregated volume	41,974
	6. Aggregated price	NOK 776,519
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

Details of the person discharging managerial responsibilities/person closely associated
Name	Castle Harlan, Inc.
Reason for the notification
Position/status
Initial notification /Amendment	Initial notification
Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
Business name	Shelf Drilling, Ltd.
LEI code
Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
Nature of the transaction	Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
Price(s) and volume(s)	Currency	Price(s)	Volume(s)
	NOK 0	18.50	75,690
Aggregated information
5. Aggregated volume	75,690
6. Aggregated price	NOK 1,400,265
Date of the transaction	25 November 2025
Place of the transaction
			Close associate of primary insider, John K. Castle, director in Shelf Drilling, Ltd. 549300PTFC72J38UQF59 Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted XOFF – Outside a trading venue

Details of the person discharging managerial responsibilities/person closely associated
Name	Wealthy Marvel International Limited
Reason for the notification
Position/status
Initial notification /Amendment	Initial notification
Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
Business name	Shelf Drilling, Ltd.
LEI code	549300PTFC72J38UQF59
Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
Nature of the transaction	Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
Price(s) and volume(s)	Currency	Price(s)	Volume(s)
	NOK 0	18.50	75,690
Aggregated information
5. Aggregated volume	75,690
6. Aggregated price	NOK 1,400,265
Date of the transaction	25 November 2025
Place of the transaction
			Close associate of primary insider, Xianzhi Mei, director in Shelf Drilling, Ltd. Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted XOFF – Outside a trading venue

Details of the person discharging managerial responsibilities/person closely associated
Name	Benjamin Sebel
Reason for the notification
Position/status	Independent Director
Initial notification /Amendment	Initial notification
Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
Business name	Shelf Drilling, Ltd.
LEI code
Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
Nature of the transaction	Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
Price(s) and volume(s)	Currency	Price(s)	Volume(s)
	NOK 0	18.50	75,690
Aggregated information
5. Aggregated volume	75,690
6. Aggregated price	NOK 1,400,265
Date of the transaction	25 November 2025
Place of the transaction
			549300PTFC72J38UQF59 Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted XOFF – Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stig Vangen
2.	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
a)	Business name	Shelf Drilling, Ltd.
b)	LEI code	549300PTFC72J38UQF59
4.		Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted
a)	Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
b)	Nature of the transaction	Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
c)	Price(s) and volume(s)	Currency	Price(s)	Volume(s)
		NOK 0	18.50	41,974
d)	Aggregated information 5. Aggregated volume 6. Aggregated price	41,974 NOK 776,519
a)	Date of the transaction	25 November 2025
b)	Place of the transaction	XOFF – Outside a trading venue

Details of the person discharging managerial responsibilities/person closely associated
Name	David Williams
Reason for the notification
Position/status	Independent Director
Initial notification /Amendment	Initial notification
Details of the issuer, an emission allowances market participant, auction platform, the auctioneer, or the auction monitor
Business name	Shelf Drilling, Ltd.
LEI code
Description of the financial instrument/type of instrument	Restricted Stock Units ("RSUs") relating to the Shares in Shelf Drilling, Ltd. (ISIN: KYG236271055).
Nature of the transaction	Cash settlement in connection with the merger between Shelf Drilling, Ltd, ADES International Holding, Ltd. and ADES International Cayman.
Price(s) and volume(s)	Currency	Price(s)	Volume(s)
	NOK 0	18.50	75,690
Aggregated information
5. Aggregated volume	75,690
6. Aggregated price	NOK 1,400,265
Date of the transaction	25 November 2025
Place of the transaction
			549300PTFC72J38UQF59 Details of the transaction(s): Section to be repeated for i) each type of instrument ii) each type pf transaction, iii) each date, and iv) each place where the transaction(s) have been conducted XOFF – Outside a trading venue