Deep Value Driller AS

Board/Management Information • Sep 19, 2023

Deep Value Driller announces adjustment to the CEO's position

Deep Value Driller announces adjustment to the CEO's position

19 September 2023: Reference is made to the stock exchange announcement by Deep Value Driller AS ("DVD" or the "Company" and together with its subsidiaries, the "Group") on 8 September 2023 regarding the successful delivery of the Group's 7th generation mobile offshore drilling vessel "Deep Value Driller" (the "Drillship") to Saipem (the "Charterer") under the bareboat charterparty entered into earlier this year.

From the time of delivery of the Drillship to the Charterer, the daily operational and maintenance responsibilities for the Drillship were passed to the Charterer, and after the mobilization period the Drillship will commence contractual drilling operations. From such point in time the workload for Svend Anton Maier as CEO of the Company is expected to be less demanding and the board of DVD has accepted that the CEO may take on certain assignments for a third party drilling company with a corresponding reduction of his position with the Company.

Contacts

Svend Anton Maier, CEO

+47 41 42 71 29

sam@deepvaluedriller.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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book part II.