Limassol,29 December 2021 Reference is made to the stock exchange release as of23 November 2021 , where the Company published that it had entered into a Memorandum of Agreement to sell one (1) large Norwegian built Platform Supply Vessel, Standard Princess forUSD 10.3 million . The transaction was completed today on29 December 2021 .S.D Standard Drilling Plc . has, through its subsidiary, Standard Princess AS, received the transaction amount in full. Following the sale, the Company will control, in addition to the investment portfolio, directly and indirectly, a fleet of 7 PSVs; two (2) large PSVs 100% owned and five (5) medium-sized PSVs with approximately 28% ownership interest. For further information please contact: General Manager,Evangelia Panagide at +357 99 77 11 16, or; Chairman of the Board, Martin Nes at +47 92 01 48 14 Standard Drilling|www.standard-drilling.comS.D. Standard Drilling is an investment company founded in 2010. The company holds a focused investment portfolio and a fleet of Platform Supply Vessels (PSVs).S.D. Standard Drilling is headquartered inCyprus and is listed onOslo Stock Exchange with the ticker code SDSD. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Thisstock exchange announcement was published by Espen Lundaas on29 December 2021 at16:30 CET
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