Reference is made to the information document published by Deep Value Driller AS
(the "Company") on 4 May 2021. As discussed in section 4 of the information
document, the Company has been in the process of establishing two wholly-owned
Malta subsidiaries, including Deep Value Driller Ltd. that is intended to own
the 7th generation mobile offshore drilling rig "Deep Value Driller" (the

The Company is pleased to announce that the agreement for the sale of the Rig
has been signed and that the Rig has been delivered to Deep Value Driller Ltd.

The Rig (earlier named Bolette Dolphin) was acquired by the Company from Bolette
Fleetco Ltd. for a purchase price of USD 65 million in March 2021. For further
details, see the Company's announcement of 24 March 2021 available on 

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


Svend Anton Maier, CEO
+47 41 42 71 29 

About Deep Value Driller
Deep Value Driller AS is a drillship-owning company which has recently acquired
the high specification UDW 7th generation drillship "Deep Value Driller", built
in 2014. The Company's strategy is to secure contracts for its drillship with
top-tier drilling contractors worldwide. As part of its strategy, the Company
has an ambition to create and maximise value for its customers and investors,
while at the same time ensuring safe and sustainable operation of its drillship.
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