AWILCO DRILLING PLC (AWDR) – Notification of Trade of

On 30 August 2021, funds managed by QVT Financial LP (“QVT”) purchased in the open market 40,000 shares in Awilco Drilling Plc (“Awilco Drilling”) at a price of NOK 4 per share.

Following the aforementioned transactions, funds managed or otherwise deemed controlled by QVT hereafter own a total of 5,052,344 shares in Awilco Drilling, or 9.26% of the registered share capital. QVT’s CEO and founder, Dan Gold, is a member of the board of directors of Awilco Drilling.

For further information, please contact Meg Eisner at QVT Financial LP at +1 (212) 705-6229.

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