Notice of Annual General Meeting 2011

The Annual General Meeting of Awilco Drilling Limited (Ticker: AWDR) will be held Wednesday 13 April at 5:00 p.m. (GMT), at the offices of Stephenson Harwood, 1 Finsbury Circus, London EC2M 7SH, UK.

The notice including agenda for the General Meeting is attached to this disclosure. The notice will be sent by mail to the shareholders.

AWDR Annual General Meeting Notice 2011

Awilco Drilling 2010 Annual Accounts Signed

Awilco Drilling – New Articles of Association

Aberdeen, 28 March 2011

For further information please contact:

Jon Oliver Bryce, CEO

Phone: +44 1224 737900

Cathrine Haavind, IR Manager

Phone: +47 93 42 84 64

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