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Awilco Drilling PLC Director's Dealing 2014

Sep 3, 2014

Director's Dealing

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DISCLOSURE OF SHAREHOLDINGS

On 2 September 2014, funds managed by QVT Financial

LP ("QVT") sold an aggregate 365,838 shares in Awilco

Drilling Plc at a price of NOK 120 per share.

QVT hereafter owns a total of 2,910,062 shares in

Awilco Drilling Plc, or 9.7% of the registered share

capital. QVT's CEO and founder, Dan Gold, is a member

of the board of directors of Awilco Drilling Plc.

For further information, please contact Meg Eisner at

QVT Financial LP at +1 (212) 705-6229.