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Limassol, January 23, 2017

Reference is made to announcements made on February 1, 2017, regarding an extraordinary general meeting in the Company, concerning the increase of the authorized share capital of the company from $10.220.000 (in words: ten million two hundred twenty thousand United States Dollars) divided into 1.022.000.000 (in words: one billion twenty two million) ordinary shares of $0,01 each to $15.500.000 (in words: fifteen million five hundred thousand United States Dollars) divided into 1.550.000.000 (in words: one billion five hundred fifty million) ordinary shares of $0,01, by the creation of additional new 528.000.000 (in words: five hundred twenty eight million) ordinary shares of $0,01 each.

An extraordinary general meeting in the Company has been held today. All resolutions were passed with the required majority in accordance with the proposals set out in the notice for the extraordinary general meeting. Please find attached the signed minutes of the extraordinary general meeting.

For further information please contact:

General Manager Evangelia Panagide at +357 99 77 11 16, or Chairman of the Board Martin Nes at +47 92 01 48 14 *** This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

SD Standard Drilling plc published this content on 23 February 2017 and is solely responsible for the information contained herein.
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