Deep Value Driller AS - Notice of EGM with proposals to distribute a dividend of NOK 20.60 per share, change the Company's name, issue warrants, and future opportunities

Oslo, 23 September 2026: Reference is made to the stock exchange announcement
made by Deep Value Driller AS (the "Company", and together with its
subsidiaries, the "Group") on 10 September 2026 regarding the successful
completion of the sale of the Group's 7th generation mobile offshore drilling
vessel "Deep Value Driller" to Eldorado Drilling AS (the "Sale"). 

The Company's board of directors (the "Board") has today resolved to propose
that the EGM (as defined below) shall approve distribution of an extraordinary
dividend of NOK 20.60 per share, in total approximately NOK 1,926 million, to
the Company's shareholders (the "Proposed Dividend"). The Proposed Dividend
amount reflect that the Company received USD 205,500,000 on 18 September 2026
distributed from its wholly owned subsidiaries, which shortly thereafter was
converted to NOK at an average USD/NOK exchange rate of 9.41966. If adopted by
the EGM and following registration of the interim balance with the Norwegian
Register of Company Accounts, the Proposed Dividend is expected to be paid on or
about 16 October 2026. 

The Board has also resolved to propose that the EGM resolves to issue a total of
9,350,831 warrants to the Board members, representing approximately 10% of the
number of issued and outstanding shares as of today. The issue of the warrants
will be conditional upon approval and payment of the Proposed Dividend. The
warrants will be exercisable at NOK 1.00 per share in the period from 16 October
2027 to 16 October 2030. The warrants are intended to serve as an incentive for
the Board members' work in seeking and evaluating strategic opportunities for
the Company, including the realisation of the Group's remaining inventory and
any other value-enhancing initiatives and potential investments (see "Future
opportunities" below).

Lastly, the Board has resolved to propose that the EGM approves a change of the
Company's name to 3030 DVD AS, reflecting total dividends of NOK 30.30 per share
paid by the Company to its shareholders from incorporation, assuming the
extraordinary Proposed Dividend above is approved by the EGM.

In connection therewith, the Board hereby calls for an extraordinary general
meeting in the Company to be held on Wednesday, 7 October 2026 at 11:00 CEST
(the "EGM"). The EGM will be held as a digital meeting only accessible via
Microsoft Teams.

The notice of the EGM, including the Board's proposed resolutions, the notice of
attendance, advance votes and proxy form, and the audited ineterim balance is
attached to this announcement and available on the Company's website,
www.deepvaluedriller.no. Shareholders are encouraged to attend the EGM by
casting their votes in advance or by granting a proxy to the chair of the Board
with voting instructions. See further details in the attached notice. 

Future opportunities

Following and subject to approval and distribution of the Proposed Dividend,
payment of transaction costs related to the Sale, and cost related to
liquidation of the Company's two wholly owned subsidiaries, the Company
estimates that the Group will retain a cash amount equal to NOK 0.80 - NOK 1 per
share, and an inventory of unknown market value. The inventory will be promoted
actively for sale to be converted into cash.

The Board will continue evaluating strategic alternatives for the Company, and
has received indications of interest within the marine industry.

Contacts:
Einar J. Greve, Chairman of the board
+41 79 644 77 66
Ejg@cipriano.no

Svend Anton Maier, CEO
+47 41 42 71 29
Sam@deepvaluedriller.no

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book
part II.
to section\
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book\
part II.\