The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 2.2 million for February 2024. 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 0.05 per share.

Last day including right: February 12, 2024. Ex-date: February 13, 2024. Record date: February 14, 2024.

Payment date: On or about February 19, 2024.