NODL: APPROVAL AND PUBLICATION OF PROSPECTUS

The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has today approved the prospectus of Northern Drilling Ltd. (the “Company”) relating to the listing and admission to trading of the Company’s common shares (the “Shares”) on Oslo Axess.

Trading in the Shares on Oslo Axess is expected to commence on 26 October 2017, on ISIN BMG6624L1090 and under the trading symbol “NODL”.

For more information, please refer to the prospectus which will, subject to regulatory restrictions in certain jurisdictions, be available at the following website: www.arctic.com. Hard copies of the prospectus may be obtained free of charge by contacting Arctic Securities AS (tel.: +47 21 01 31 00).

The Board of Directors
Northern Drilling Ltd.

Contact Persons:
Gunnar W. Eliassen: CEO, Northern Drilling Ltd.
+44 (0) 74 6914 0012