NODL: Cancellation of the West Libra

West Libra Inc., the 100% owned subsidiary of Northern Drilling Ltd (the “Company” or “NODL”), has today notified Daewoo Shipbuilding & Marine Engineering Co. Ltd (“DSME”) that it has cancelled the resale contract for the 7th generation ultra-deepwater drillship West Libra due to delay of delivery as well as repudiatory breach of contract.

West Libra Inc. has made advance payments totaling approximately USD $90 million under the resale contract with DSME, and will claim a refund of the instalment paid, plus interest and damages.  If this claim is disputed, the Company will seek an award via London arbitration in accordance with the terms of the contract as well as industry standard procedures and timescales.

Following the cancellation of the resale contract of West Aquila in August 2021, DSME has initiated arbitration proceedings.

 

Contact Person:

Scott McReaken, CEO of NODL

+1 (832) 509-7191

 

Additional information about the Company can be found at: http://www.northerndrillingltd.com

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Forward Looking Statements

 

Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

NODL: Second Quarter 2021 Results

27 Aug, 2021 – Hamilton, Bermuda

Northern Drilling Limited (OSE: NODL) (together with its subsidiaries, the
“Company”), today reports unaudited results for the second quarter and six
months ended 30 Jun, 2021.

Please find attached the Interim Financial Information report which will also be
made available on the Company’s website.

Additional information about the Company can be found at:
www.northerndrillingltd.com

NODL 2021 Q2 Press Release

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Forward Looking Statements

Matters discussed in this release may contain certain forward-looking statements
relating to the business, financial performance and results of the Company
and/or the industry in which it operates, sometimes identified by the words
“believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions.
The forward-looking statements contained in this release, including assumptions,
opinions and views of the Company or cited from third-party sources, are solely
opinions and forecasts which are subject to risks, uncertainties and other
factors that may cause actual events to differ materially from any anticipated
development. The Company does not provide any assurance that that the
assumptions underlying such forward-looking statements are free from errors, nor
does the Company accept any responsibility for the future accuracy of the
opinions expressed in the presentation or the actual occurrence of the
forecasted developments. No obligations are assumed to update any
forward-looking statements or to conform to these forward-looking statements to
actual results.

Mandatory notification of trade by primary insider

Marius Hermansen, board member, has purchased 95,000 shares in Northern Drilling
Limited (“NODL”). Following this purchase Marius Hermansen owns 318,174 shares
in NODL. The shares were purchased 17 August 2021 at an average purchase price
of NOK 13.98.

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

NODL: Cancellation of the West Aquila

West Aquila Inc., the 100% owned subsidiary of Northern Drilling Ltd (the “Company” or “NODL”), has today notified Daewoo Shipbuilding & Marine Engineering Co. Ltd (“DSME”) that it has cancelled the resale contract for the 7th generation ultra deepwater drillship West Aquila due to delay of delivery as well as repudiatory breach of contract.

West Aquila Inc. has made advance payments totaling approximately $90 million under the contract, and will claim a refund of the instalment paid, plus interest and damages.  If this claim is disputed, the Company will seek an award via London arbitration in accordance with industry standard procedures and timescales.

 

Contact Person:

Scott McReaken, CEO of NODL

+1 (832) 509-7191

 

Additional information about the Company can be found at: http://www.northerndrillingltd.com

***

Forward Looking Statements

Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

NODL: Changes to the Board composition

Northern Drilling Ltd. (OSE: NODL) or the “Company” announces the appointment of Mr. Marius Hermansen as a director to fill vacancies on the board.

Mr. Hermansen has been appointed CEO of Astrup Fearnley AS from July 1st 2021. Previously he spent the last 7 years in in the Seatankers Group in various leadership roles, latest as Chief Operating Officer. He began his career in AP Moeller-Maersk and spent over 10 years at Fearnleys Shipbrokers. Mr Hermansen was educated at the Norwegian School of Economics (NHH)  and is a Norwegian citizen residing in Norway.

 

Hamilton, Bermuda
18 June, 2021

NODL: First Quarter 2021 Results

28 May, 2021 – Hamilton, Bermuda

Northern Drilling Limited (OSE: NODL) (together with its subsidiaries, the “Company”), today reports unaudited results for the first quarter ended 31 March, 2021.

Please find attached the Interim Financial Information report which will also be made available on the Company’s website.

Additional information about the Company can be found at: www.northerndrillingltd.com

NODL Q1 2021 Report

 

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Forward Looking Statements

Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.

NODL: 2021 Annual General Meeting

Northern Drilling Ltd. (the “Company”) advises that the 2021 Annual General Meeting of the Shareholders of the Company was held on May 26, 2021 at 12:00 noon at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton Bermuda.  The audited consolidated financial statements for the Company for the year ended December 31, 2020 were presented to the Meeting.

In addition, the following resolutions were passed:

  1. To set the maximum number of Directors to be not more than eight.
  2. To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorised to fill such vacancies as and when it deems fit.
  3. To re-elect Gary W. Casswell as a Director of the Company.
  4. To re-elect Jon Olav Østhus as a Director of the Company.
  5. To re-elect Keesjan Cordia as a Director of the Company.
  6. To re-appoint PricewaterhouseCoopers of Oslo, Norway, as auditor and to authorize the Directors to determine their remuneration.
  7. To approve remuneration of the Company’s Board of Directors of a total amount of fees not to exceed US$400,000 for the year ended December 31, 2021.

 

Hamilton, Bermuda

May 26, 2021

NODL: Notice of Annual General Meeting 2021

Northern Drilling Ltd. (the “Company”) advises that its 2021 Annual General Meeting will be held on May 26, 2021. A copy of the Notice of Annual General Meeting and associated information including the Company’s Consolidated Financial Statements for 2020 can be found at the website, www.northerndrillingltd.com, and in the links below.

 

Hamilton, Bermuda

April 29, 2021

2021 AGM Notice – NODL

NODL 2020 Financial Statements

NODL: Annual Report 2020

Northern Drilling Limited (OSE: NODL) (together with its subsidiaries, the “Company”), is pleased to announce that the annual report for the financial year ended 2020 has been approved.

Hamilton, Bermuda 28 April, 2021

 

Additional information about the Company can be found at: http://www.northerndrillingltd.com

Contact Person: Scott McReaken, CEO +1 (832) 509-7191

NODL 2020 Financial Statements

 

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

NODL: Notice of Annual General Meeting 2021

Northern Drilling Ltd. advises that the 2021 Annual General Meeting will be held
on May 26, 2021. The record date for voting at the Annual General Meeting is set
to April 9, 2021. The notice, agenda and associated material will be distributed
prior to the meeting.

Hamilton, Bermuda
March 26, 2021

 

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