Reference is made to the stock exchange release as of 8 December 2020 regarding
a share buy- back program for the purpose of increasing shareholder value.

S.D Standard Drilling Plc has on 16 December 2020 purchased 256,563 own shares
at an average price of NOK 0.92 per share. 

The shares that are repurchased will be proposed deleted by the general meeting
of the company through a capital reduction.

After the transaction, S.D Standard Drilling Plc has a holding of 43,574,706 own
shares.

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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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