SDSD: APPROVED PROSPECTUS AND LISTING OF SHARES

SDSD: APPROVED PROSPECTUS AND LISTING OF SHARES

23.04.2018 14:24

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. SDSD: APPROVED PROSPECTUS AND LISTING OF SHARES Limassol, 23 April 2018 Reference is made to the announcement made by S.D. Standard Drilling Plc. ('SDSD' or the 'Company') on 8 March 2018 with respect to the issuance of 66,666,667 new shares at the price of NOK 1.50 per share. Clarksons Platou Securities AS acted as Sole Manager and Bookrunner in the Equity Offering. The Financial Supervisory Authority of Norway has approved a prospectus dated 23 April 2018 (the 'Prospectus') in connection with the listing of a total of 66,666,667 shares issued in the equity offering on Oslo Børs. The new shares issued in the equity offering have since 8 March 2018 been registered with a separate ISIN pending approval of the Prospectus and will as a consequence of the approval of the Prospectus become tradable on Oslo Børs with the ticker code 'SDSD' from and including tomorrow on 24 April 2018 and obtain the Company's regular ISIN number being CY0101550917. The Prospectus will be available from tomorrow 24 April 2018 at www.standard-drilling.com and will also be available free of charge at the business office of the Company. For further information, please contact: General Manager Evangelia Panagide at [phone], or Chairman of the Board Martin Nes at [phone]