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 Maltasubsidiaries, including Deep Value Driller Ltd.that is intended to own the 7th generation mobile offshore drilling rig "Deep Value Driller" (the "Rig"). 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 millionin March 2021. For further details, see the Company's announcement of 24 March 2021available on www.deepvaluedriller.no. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Contacts Svend Anton Maier, CEO +47 41 42 71 29 email@example.com About Deep Value Driller Deep Value Driller ASis 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. For further information, visit www.deepvaluedriller.no.
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