New Share Issue

New Share Issue

Reference is made to Awilco Drilling Limited’s announcement on 1 October 2010 regarding the placement of 16,000,000 shares at a subscription price of NOK 24.00 per share.

The new share capital of Awilco Drilling Limited has today been issued. After the issue, the total share capital of Awilco Drilling Limited is GBP 175,500, divided into 27,000,000 shares.