SHELF DRILLING, LTD. PRESS RELEASE SHELF DRILLING ANNOUNCESNORWAY OPERATIONS UPDATEDubai ,June 3, 2024 -Shelf Drilling, Ltd. ("Shelf Drilling " or the "Company", OSE: SHLF) announced today that a subsidiary ofShelf Drilling (North Sea ), Ltd. ("Shelf Drilling North Sea " or "SDNS") has received notice from Havtil (Norwegian Ocean Industry Authority ) that its application for an Acknowledgement of Compliance (AoC) for the Shelf Drilling Barsk jack-up rig has not been accepted. The Shelf Drilling Barsk rig can only commence its contract inNorway (announcedApril 28, 2023 ) once the AoC has been obtained.Shelf Drilling intends to continue constructive dialogue with Havtil in order to obtain the AoC and commence the announced drilling contract. A further update on the AoC process will be provided in due course. AboutShelf Drilling Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations acrossMiddle East ,Southeast Asia ,India ,West Africa , Mediterranean andNorth Sea .Shelf Drilling was founded in 2012 and has established itself as a leader within its industry through its fit-for-purpose strategy and close working relationship with industry leading clients. The Company is incorporated under the laws of theCayman Islands with corporate headquarters inDubai, United Arab Emirates . The Company is listed on theOslo Stock Exchange under the ticker "SHLF". AboutShelf Drilling North Sea Shelf Drilling North Sea is a shallow water offshore drilling contractor primarily operating in theNorth Sea . The company's fit-for-purpose strategy and fleet of modern high-specification harsh environment jack-up rigs enable it to offer a broad range of services in the shallow water drilling markets. SDNS is incorporated under the laws ofBermuda . SinceOctober 12, 2022 , SDNS shares are listed on the Euronext Growth Oslo Exchange under the ticker "SDNS". Additional information aboutShelf Drilling can be found at www.shelfdrilling.com. Contact details For questions or comments, please contact investor.relations@shelfdrilling.com. This information may be considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and may be subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published byKate Weir , Associate General Counsel and Corporate Secretary, at the date and time set out above.
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