Deep Value Driller AS

AGM Information • Mar 25, 2025

Deep Value Driller AS – Extraordinary general meeting held

Deep Value Driller AS – Extraordinary general meeting held

Oslo, 25 March 2025: Reference is made to the stock exchange announcement made by Deep Value Driller AS ("DVD" or the "Company") on 11 March 2025 regarding the notice of an extraordinary general meeting with the proposal to amend DVD's objective as set out in its articles of association, to facilitate the potential exercise by Saipem of a conditional option to purchase the group's 7th generation mobile offshore drilling vessel "Deep Value Driller" (the "Potential Transaction").

The extraordinary general meeting was held today, 25 March 2025. As follows from the attached minutes, all matters on the agenda were approved as proposed by the board of directors. The Company's new articles of association are attached to this announcement and will be made available on the Company's website, www.deepvaluedriller.no.

For more information about the Potential Transaction, please refer to DVD's stock exchange announcement of 7 March 2025.

Contacts:

Svend Anton Maier, CEO

+47 41 42 71 29

sam@deepvaluedriller.no

Einar J. Greve, Chairman of the Board

+41 79 644 77 66

ejg@cipriano.no

About Deep Value Driller

Deep Value Driller AS is a drillship-owning company which owns the high specification UDW 7th generation drillship "Deep Value Driller", built in 2014. As part of its strategy, the Company has an ambition to create and maximise value for its customers and investors, while at the same time ensuring safe and sustainable operation of its drillship. For further information, visit www.deepvaluedriller.no.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book Part II.