AWDR – Successfully completed bond issue

Awilco Drilling PLC has successfully completed a USD 125 million secured bond loan in the Norwegian bond market with maturity in April 2019. The purpose of the bond loan is refinancing of existing debt and for general corporate purposes. Settlement date is expected to be 9 April 2014 and the bond loan will be issued with an interest rate of 7.00%. The bond issue was substantially oversubscribed. An application will be made for the bond is to be listed on Oslo Børs.

RS Platou Markets AS acted as sole manager and bookrunner.

Aberdeen, 31 March 2014

For further information, please contact:
Ian Wilson, CFO Awilco Drilling
Telephone: +44 7789 954569

Cathrine Haavind, IR Manager, Awilco Drilling
Telephone: +47 93 42 84 64

Simen Flaaten, RS Platou Markets
Telephone: +47 22 01 63 77

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.