Reference is made to the stock exchange announcement by Northern Drilling Ltd. (“NODL“) on 1 February 2023 regarding the results of a private placement of 3,214,806 new shares (the “New Shares“) in NODL, raising gross proceeds of approx. USD 10 million.

The New Shares have now been registered in the Company’s Register of Members as duly issued. Following the registration of the new share capital, NODL now have an issued share capital of USD 19,347,823 divided into 19,347,823 ordinary shares, each with a nominal value of USD 1.00.

Contacts: Jonas Ytreland, CFO, +47 994 65 550

Additional information about the Company can be found at:

Disclosure regulation

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