Awilco Drilling PLC announces approval of listing prospectus and first day of trading on Oslo Axess

Reference is made to the stock exchange notice issued on 27 April 2011 regarding the approval of the listing of Awilco Drilling PLC (the “Company”) on Oslo Axess.

On 9 June The Financial Supervisory Authority of Norway approved the following prospectus:

Listing of 30,031,500 shares (the “Shares”) in Awilco Drilling PLC on Oslo Axess.

With the approval of the listing prospectus all conditions stipulated by the Oslo Børs are now fulfilled. The first day of listing of the Shares on Oslo Axess will be 10 June. From the same time the registration on the NOTC list operated by the Norwegian Dealers Association will cease.

Arctic Securities ASA and Fearnley Fonds ASA act as managers (the “Managers”) in connection with the listing process.

Prospectus will be available to the public from 9 June 2011 at:

The Company:

Awilco Drilling PLC

12 Abercrombie Court

Prospect Road


Aberdeen AB32 6FE


The Managers:

Arctic Securities ASA

Haakon VII’s gate 5

P.O. Box 1833 Vika

0123 Oslo



Fearnley Fonds ASA

Grev Wedels Plass 9

P.O. Box 1158 Sentrum

0107 Oslo



Jon O. Bryce

Chief Executive Officer

Awilco Drilling PLC

Tel: +44 1224 737900

Fax: +44 1224 737905

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