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Awilco Drilling PLC

Declaration of Voting Results & Voting Rights Announcements • Mar 26, 2018

3547_mrq_2018-03-26_1f1860a6-3880-4dc6-abf4-6822999087c5.html

Declaration of Voting Results & Voting Rights Announcements

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AWILCO DRILLING PLC (AWDR) - DISCLOSURE OF SHAREHOLDINGS

On 23 March 2018, funds managed or otherwise deemed controlled by QVT Financial LP ("QVT") purchased an aggregate 1,400,000 shares in Awilco Drilling Plc ("Awilco Drilling") at a price of NOK 29 per share. These shares were purchased in connection with the private placement approved by an extraordinary general meeting of Awilco Drilling on 23 March 2018.

In addition, on 23 March 2018, funds deemed controlled by QVT purchased in the open market 171,502 shares at a price of NOK 34.9 per share.

Following the aforementioned transactions, funds managed or otherwise deemed controlled by QVT hereafter own a total of 3,481,564 shares in Awilco Drilling, or 7.31% 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.