Awilco Drilling PLC — Director's Dealing 2015

May 22, 2015

AWILCO DRILLING PLC (AWDR) - DISCLOSURE OF SHAREHOLDINGS

AWILCO DRILLING PLC (AWDR) - DISCLOSURE OF SHAREHOLDINGS

On 21 May 2015, funds managed by QVT Financial LP

("QVT") sold an aggregate 1,000,000 shares in Awilco

Drilling Plc at a price of NOK 50 per share.

QVT hereafter owns a total of 1,910,062 shares in

Awilco Drilling Plc, or 6.36% 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.