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Regulatory press release

Shelf Drilling (North Sea), Ltd. - Mandatory notification of trade by primary insiders

Shelf Drilling (North Sea)
PRESS RELEASE

SHELF DRILLING (NORTH SEA), LTD. - MANDATORY NOTIFICATION OF TRADE BY PRIMARY
INSIDERS

Dubai, October 11, 2024 - Reference is made to the stock exchange announcement
published earlier today at 18:35 CET regarding the completion of the Merger (as
defined in the referred stock exchange announcement).

Following the issuance of the certificate of merger for the Merger by the
Bermuda Registrar of Companies, all shareholders of Shelf Drilling (North Sea),
Ltd. ("Shelf Drilling North Sea"), except shareholders being part of the Shelf
Drilling, Ltd. group, have ceased to have any rights to shares in Shelf Drilling
North Sea.

Therefore, certain primary insiders of Shelf Drilling North Sea have today
ceased to have any rights to shares in Shelf Drilling North Sea as further
described in the attached transaction forms.

For further information, please contact: investor.relations@shelfdrilling.com

About Shelf Drilling North Sea
Shelf Drilling North Sea is a shallow water offshore drilling contractor
primarily operating in the North Sea. The company's fit-for-purpose strategy and
fleet of modern high-specification harsh environment jack-up rigs enable it to
offer a broad range of services in the shallow water drilling markets. The
company is incorporated under the laws of Bermuda. Since October 12, 2022,
company shares are listed on the Euronext Growth Oslo Exchange under the ticker
symbol SDNS.


This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19.
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