Reference is made to the notice issued on 17 November 2020, where S.D. Standard Drilling plc (the 'Company') launched an offer to all shareholders in the Company as of 17 November 2020 (as registered in the VPS as of 19 November 2020) to buy back up to 30,000,000 shares, through a reverse book building process with an offer price of NOK 0.90 per share.

The offer period will start 18 November 2020 at 09:00 CET and will end on 20 November 2020 at 16:30 CET.

The Company has mandated DNB Markets as financial adviser and receiving agent, and shareholders wanting to sell shares can contact DNB Markets at +47 23 26 80 20. Acceptance forms will be available at www.dnb.no/emisjoner from on or about 18 November 2020.

Contact:

Tel: +357 99 77 11 16

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