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.