The board of directors of Deep Value Driller AS has resolved to propose that the annual general meeting of the company, expected to be held on 14 May 2024, resolves to distribute a dividend in the amount of NOK 3.00 per share, in total approximately NOK 260 million. Ex-date: 15 May 2024. Record date: 16 May 2024.

Payment date: On or about 31 May 2024. The distribution shall constitute a repayment of DVD's paid-in capital.