NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL SDSD: ISSUANCE AND ALLOTMENT OF NEW SHARES

Limassol, April 26, 2017

Reference is made to the announcement on 1 April 2017 regarding S.D. Standard Drilling Plc.'s ("SDSD" or the "Company") acquisition of shares in New World Supply Ltd. from Ulf Johan Rieber and Hof-Hoorneman Bankiers NV to be settled by issuance of a total of 13,064,002 new shares in SDSD (the "Consideration Shares"). The Consideration Shares have now been validly and legally issued and registered in the VPS and will be tradable on Oslo Axess immediately.

Following the issuance of the Consideration Shares, the share capital of the Company has been increased to USD 10,700,640.02 divided into 1,070,064,002 shares with a par value of USD 0.01 each, all of which are fully paid.

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

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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

S.D. Standard Drilling plc published this content on 26 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 April 2017 12:30:14 UTC.

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