Funds and entities managed by Anchorage Capital Group, L.L.C. and its affiliates
have on 19 January 2023 acquired 240,000 shares in Shelf Drilling, Ltd (the
"Issuer"), and thereby exceeded the 5% disclosure threshold.

Following the transaction, funds and entities managed by Anchorage Capital
Group, L.L.C. and its affiliates, own 8,909,030 shares in the Issuer, equivalent
to approximately 5.05% of the total shares and votes of the Issuer.

Anchorage Capital Group, L.L.C (for and on behalf of funds and entities managed
by it or its affiliates) is the disclosing party on an aggregated level. The
shares are held by AIO VII S.à r.l. and ACOF VIII Europe Limited,  who are
managed by, respectively, Anchorage Capital Group, L.L.C. and Anchorage
Opportunities Advisor, L.L.C..

This disclosure is made pursuant to section 4-2 of the Norwegian Securities
Trading Act.

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