NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Limassol, June 09, 2022

S.D. Standard ETC Plc. ("SDSD") is contemplating a private placement for its
100% owned subsidiary, Standard Supply AS ("Standard Supply"), and a subsequent
listing of Standard Supply's shares on Euronext Growth Oslo to finance further
growth within the OSV segment. Standard Supply consists today of two 100% owned
large-size PSVs and a 28.1% holding in five mid-sized PSVs. Five of the seven
vessels are today operating in the spot market. The vessels, including cash and
working capital, has a pre-money equity value of NOK 448 million. 

"We are experiencing solid interest for our high-quality PSV assets with low
overhead costs and no debt. We see strong signs of an unprecedented market
upturn and our vessels are positioned to fully capture the soaring day rates,"
says Martin Nes, Chairman of the Bord of Directors of SDSD and Standard Supply,
and continues: "By strengthening Standard Supply's financial profile further,
teaming with tier-1 investors and creating a listed vehicle, the Company has a
strong platform for leveraging on the growth and expansion opportunities in the
upturn cycle for oil service vessels."

To enable Standard Supply to grow at an early phase of an identified upcycle for
oil service vessels, Standard Supply contemplates an equity issue (the "Private
Placement") of NOK 150 million to fund potential acquisitions of platform supply
vessels. Standard Supply has retained Clarksons Securities AS (the "Manager") to
advise on and effect such Private Placement.

The contemplated Private Placement amount is fully covered and guaranteed prior
to launch through a syndicate of cornerstone investors. Songa Capital AS,
Uthalden AS and Coltrane Asset Management, have, subject to certain conditions,
undertaken to apply for shares for a NOK amount equal to NOK 108.6 million.
These cornerstone investors will receive full allocation for shares applied for
by them in the Private Placement. A guarantee consortium led by Ferncliff Tih AS
has guaranteed for subscription the remaining amount, corresponding to shares
for an amount of NOK 41.4 million. The guarantee consortium is entitled to be
allocated shares for up to NOK 13.8 million in the Private Placement, but may
elect, at its sole discretion, to receive allocation of new shares for a lesser
amount. No commission or guarantee fee is being charged in connection with such
commitments.

Standard Supply will host an investor call on June 9th at 16:00 CET to present
the company, its strategy as well as its view on the market sentiment. Log-in
details and an investor presentation will be available on SDSD's web-site:
https://www.standard-etc.com/  

After the closing of the Private Placement, the shares of Standard Supply will
be registered on Euronext NOTC in Oslo, with first day of listing expected to be
on or about 16 June 2022. In parallel, Standard Supply will initiate a process
to list the shares of the company on Euronext Growth Oslo and anticipates,
subject to satisfaction of all listing criteria and receipt of all necessary
approvals and resolutions, that such listing and trading of the shares can take
place during the month of July 2022. Upon successful listing of the shares of
Standard Supply on Euronext Growth Oslo, the listing of the shares on Euronext
NOTC will cease. Further information about the listing process on Euronext
Growth Oslo will be given in due course.

The Private Placement will be directed towards certain Norwegian and
international institutional investors subject to applicable exemptions from
relevant prospectus requirements, (i) outside the United States in reliance on
Regulation S under the US Securities Act of 1933 (the "U.S. Securities Act") and
(ii) in the United States to investors that are either "qualified institutional
buyers" ("QIBs") as defined in Rule 144A under the US Securities Act or
institutional "accredited investors" within the meaning of Rule 501(a) under(1),
(2) or (7) of the U.S. Securities Act. The minimum application and allocation
amount has been set to the NOK equivalent of EUR 100,000, provided that Standard
Supply reserves the right to, at its sole discretion; allocate lower amounts to
the extent applicable exemptions from the prospectus requirements set forth in
Regulation (EU) 2017/1129 on prospectuses for securities and ancillary
regulations are available.

The application period will start on 09 June 2022 at 14:00 CET and end on 10
June 2022 at 08:00 CET. Standard Supply reserves the right to at any time and in
its sole discretion resolve to close or extend the application period.

A lock-up period of 90 days from closing of the Private Placement will apply to
SDSD. 

Completion of the Private Placement is subject to the following conditions: (i)
the corporate resolutions of Standard Supply required to implement the issue of
the offer shares, including Standard Supply's board of directors' resolution to
proceed with the Private Placement and a resolution by Standard Supply's
extraordinary general meeting to issue the Offer Shares, and (ii) payment and
registration of the share capital increase pertaining to the Private Placement
in the Norwegian Registry of Business Enterprises ("Brønnøysund").

Clarksons Platou Securities is acting as Manager for the Private Placement.
Advokatfirmaet CLP DA is acting as Norwegian legal counsel to SDSD and the
Company.

For further information about the Private Placement please contact:
Clarksons Securities AS, +47 22 01 63 01.

The information in this announcement is considered to be inside information
pursuant to the EU Market Abuse Regulation for SDSD. This information is subject
to the disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act. This stock exchange notice was published by Espen
Lundaas, consultant, on the 9 June at 14.00 CET.

Important information
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan Hong Kong or the United
States (including its territories and possessions, any state of the United
States and the District of Columbia). It is issued for information purposes only
and does not constitute or form part of any offer or solicitation to purchase or
subscribe for securities, in the United States or in any other jurisdiction. The
securities mentioned herein have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "US Securities Act"). The
securities may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the US Securities Act. Neither
SDSD nor Standard Supply intend to register any portion of any offering of the
securities in the United States or to conduct a public offering of the
securities in the United States. Copies of this announcement are not being made
and may not be distributed or sent into Australia, Canada, Japan or the United
States.

The issue, subscription or purchase of shares in Standard Supply is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither
SDSD, Standard Supply nor the Manager assumes any responsibility in the event
there is a violation by any person of such restrictions. The distribution of
this release may in certain jurisdictions be restricted by law. Persons into
whose possession this release comes should inform themselves about and observe
any such restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.

The Manager is acting for Standard Supply and no one else in connection with the
potential Private Placement in the Company and will not be responsible to anyone
other than the Company providing the protections afforded to their respective
clients or for providing advice in relation to the Private Placement and/or any
other matter referred to in this release.

Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect Standard Supply's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange