Limassol, 29 December 2021

Reference is made to the stock exchange release as of 23 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 for USD
10.3 million.

The transaction was completed today on 29 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.com 
S.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 in Cyprus and is listed on Oslo
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. This stock exchange
announcement was published by Espen Lundaas on 29 December 2021 at 16:30 CET

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