PRESS RELEASE SHELF DRILLING SECURES NEW CONTRACT INUK NORTH SEA Dubai ,April 30, 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 secured a contract for the Shelf Drilling Fortress jack-up rig with aNorth Sea operator for operations in theUK Continental Shelf. The estimated duration of the contract is 400 days with contract value of approximatelyUSD 54 million . The planned start-up of operations isAugust 2024 in direct continuation of the rig's current contract. 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 is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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