Awilco Drilling PLC

Awilco Drilling PLC: CEO resigns from Awilco Drilling

Awilco Drilling PLC announces that Jens Berge, Chief Executive Officer, has

decided to leave the Company with effect from 1 February to pursue other

opportunities. Eric Jacobs, General Counsel in the Awilhelmsen Group, will act

as interim Chief Executive Officer until the Board of Directors appoints a

permanent replacement.

"The Board would like to thank Jens Berge for his contributions during the past

two years as Awilco Drilling's CEO and understands his decision to be relieved

from his position to pursue other opportunities. We wish Jens Berge all the best

in the future." says Mr Sigurd E. Thorvildsen, Chairman of the Board of Awilco

Drilling PLC.

"With the cancellation of Awilco Drilling's newbuild rigs, I feel that the

prerequisites for my role have changed significantly. The Company has reached a

crossroads and I have concluded that I would like to pursue new opportunities.

However, Awilco Drilling is a great company and I wish the company and its

skilled employees all the best." says Jens Berge.

Aberdeen, 31 January 2021

For further information please contact:

Eric Jacobs, interim CEO

Phone: +47 22 01 42 00

Cathrine Haavind, IR Manager

Phone: +47 93 42 84 64

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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