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Awilco Drilling PLC

Major Shareholding Notification • Apr 3, 2018

3547_dirs_2018-04-03_d01532f6-24d0-4b26-8bcb-1edfbd6b4b91.html

Major Shareholding Notification

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AWILCO DRILLING PLC (AWDR) - DISCLOSURE OF SHAREHOLDINGS

On 28 March 2018, funds managed or otherwise deemed controlled by QVT Financial LP ("QVT") purchased an aggregate 445,000 shares in Awilco Drilling Plc ("Awilco Drilling") in the open market at a price of NOK 34.7 per share.

Following the aforementioned transactions, funds managed or otherwise deemed controlled by QVT hereafter own a total of 3,926,564 shares in Awilco Drilling, or 8.24% 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.