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Regulatory press release

Awilco Drilling PLC: Mandatory notification of trade - primary insiders

Awilco Drilling
On 30 December 2022, funds managed by QVT Financial LP ("QVT") purchased 77,672
Sponsored Norwegian Depository Receipts (SNDRs) in Awilco Drilling Plc ("Awilco
Drilling") at a price of NOK 20 per share. 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.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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