Deep Value Driller AS — Share Issue/Capital Change 2022

Sep 19, 2022

Deep Value Driller AS – New share capital registered

Deep Value Driller AS – New share capital registered

19 September 2022: Reference is made to the stock exchange notice by Deep Value Driller AS (the "Company") on 9 September 2022, regarding the exercise of warrants by former board member Espen Westeren.

The share capital increase pertaining to the issuance of the 396,677 new shares has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret):

Share capital: NOK 8,669,666.70

Total number of shares: 86,696,667

Par value of each share: NOK 0.10

For further information, please contact:

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. The company's strategy is to secure contracts for its drillship with top-tier drilling contractors worldwide. 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.