Funds managed by Condire Management, LP have on 30 January 2024 acquired 543,327
common shares in Shelf Drilling, Ltd ("Shelf Drilling") and thereby exceeded the
10% disclosure threshold. Following the transaction, funds managed by Condire
Management, LP, own 21,652,447 common shares in Shelf Drilling, equivalent to
approximately 10.13% of the total shares and votes of Shelf Drilling.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities
Trading Act.

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