The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of USD 3.9 million or USD 0.09 per share for July 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.09 per share.

Declared currency: USD. Payment to shares registered with Euronext VPS will be distributed in NOK. Date of approval: July 10, 2023.

Last day including right: July 13, 2023. Ex-date: July 14, 2023. Record date: July 17, 2023.

Payment date: On or about July 21, 2023.