Deep Value Driller AS

Earnings Release • Nov 1, 2024

Deep Value Driller AS – Q3 2024 results and dividend of NOK 0.25 per share declared

Deep Value Driller AS – Q3 2024 results and dividend of NOK 0.25 per share declared

Oslo, 1 November 2024: Deep Value Driller AS ("DVD" or the "Company") reports interim results for the third quarter of 2024 and the board of directors' resolution to distribute a dividend of NOK 0.25 per share for November 2024.

The technical utilization of the group's drilling vessel "Deep Value Driller" of Gusto design remains high and is currently above 98%, which demonstrates her capabilities and excellent performance with unique features as a purpose-built drilling vessel. DVD's financial statements for the third quarter of 2024 are attached to this notice and available on www.deepvaluedriller.no.

In accordance with DVD's updated dividend policy as announced on 4 October 2024, DVD's board of directors has resolved to distribute a dividend in the amount of NOK 0.25 per share, in total approximately NOK 21.6 million, for November 2024. The dividend is expected to be paid on or about 7 November 2024 and will be regarded as repayment of paid in capital by the shareholders of DVD. The dividend is resolved based on the board's authorisation as granted by DVD's annual general meeting on 14 May 2024. DVD notes that pursuant to the Company's loan facility, as amended 26 March 2024, the Company is required to retain an amount equal to 12 months of interest payments which is not available for distribution.

Contacts:

Svend Anton Maier, CEO

+47 41 42 71 29

sam@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.

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 http://www.deepvaluedriller.no.