Reference is made to the stock exchange notice dated 5
January 2017 regarding a contemplated private
placement of up to 111,111,200 new shares (the "New
Shares") in S.D. Standard Drilling PLC ("SDSD") for
gross proceeds of approx. up to NOK 100 million
(the "Private Placement") and today's stock exchange
notice regarding completion of the Private Placement.
In the Private Placement, HRF Marine LLC ("HRF
Marine") has been allocated 1,938,207 New Shares at
the subscription price of NOK 0.90 per New Share.
As a result of this allocation and all allocations in
the Private Placement, HFR Marine's shareholding in
SDSD will decrease from 5.01% to 4.55% of total
outstanding share capital, following completion of the
Private Placement and issuance of the New Shares.
Following completion of the Private Placement and
issuance of the New Shares, HRF Marine will hold
36,238,107 shares in SDSD, corresponding to 4.55% of
the total outstanding share capital.
* * *
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities
Trading Act)

SD Standard Drilling plc published this content on 06 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 January 2017 16:02:08 UTC.

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