Funds and entities managed byAnchorage Capital Group, L.L.C. and its affiliates have on19 January 2023 acquired 240,000 shares inShelf Drilling, Ltd (the "Issuer"), and thereby exceeded the 5% disclosure threshold. Following the transaction, funds and entities managed byAnchorage 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. andACOF VIII Europe Limited , who are managed by, respectively,Anchorage Capital Group, L.L.C. andAnchorage Opportunities Advisor, L.L.C. . This disclosure is made pursuant to section 4-2 of theNorwegian Securities Trading Act.
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