Awilco Drilling Plc: New Sponsored Norwegian Depository Receipts (SNDRs) issued

Reference is made to the stock exchange notices from Awilco Drilling PLC ("Awilco Drilling" or the "Company") on 1 October and 10 October regarding the issuing of 10,136,819 new Sponsored Norwegian Depository Receipts (SNDRs) based on the exercising of 10,136,819 warrants at a subscription price of NOK 1 per SNDR (the "Private Placement") and the corresponding issuance of new shares.

On 17 October 2024, the 10,136,819 new shares were legally and validly issued. Following the issuance of the new shares, Awilco Drilling has a share capital of GBP 495,099.08 divided into 24,754,954 shares, each with a nominal value of GBP 0.02.

Furthermore, Equro Issuer Services AS, Awilco Drilling's issuer account operator with Euronext Securities Oslo (the "VPS") has today issued new 10,136,819 SNDRs, each corresponding to one underlying share in Awilco Drilling. The SNDRs will be delivered to subscribers in the Private Placement on or about 18 October on a delivery-versus-payment basis.

Aberdeen, 18 October 2024

For further information please contact:

Eric Jacobs, CEO of Awilco Drilling; Tel: +47 95 29 22 71
Cathrine Haavind, Investor Relations of Awilco Drilling; Tel: +47 93 42 84 64, ch@awilcodrilling.com

This information is published in accordance with the requirements of the Continuing Obligations.