Awilco Drilling PLC

Major Shareholding Notification • Mar 4, 2021

AWILCO DRILLING PLC (AWDR) – DISCLOSURE OF SHAREHOLDINGS

AWILCO DRILLING PLC (AWDR) – DISCLOSURE OF SHAREHOLDINGS

On 3 March 2021, funds managed by QVT Financial LP (“QVT”) purchased in the open

market 21,634 shares in Awilco Drilling Plc (“Awilco Drilling”) at a price of

NOK 3.85 per share.

Following the aforementioned transactions, funds managed or otherwise deemed

controlled by QVT hereafter own a total of 4,829,822 shares in Awilco Drilling,

or 8.85% 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.