Oslo, 10 December 2024: Reference is made to the stock exchange notice by Deep
Value Driller AS ("DVD" or the "Company") on 4 October 2024 regarding the
updated dividend distribution policy of DVD. Reference is further made to the
board authorisation granted by DVD's annual general meeting on 14 May 2024 to
resolve and distribute dividends in line with the Company's dividend policy
based on the annual accounts for 2023.

In accordance with DVD's updated dividend policy as announced on 4 October 2024,
DVD's board of directors has today resolved to distribute a dividend in the
amount of NOK 0.25 per share, in total approximately NOK 21.6 million, for
December 2024. The dividend is expected to be paid on or about 17 December 2024
and will be regarded as repayment of paid in capital by the shareholders of DVD.
The dividend is resolved based on the board's authorisation as granted by DVD's
annual general meeting on 14 May 2024. DVD notes that pursuant to the Company's
loan facility, as amended 26 March 2024, the Company is required to retain an
amount equal to 12 months of interest payments which is not available for
distribution.

Contacts:
Svend Anton Maier, CEO
+47 41 42 71 29 
sam@deepvaluedriller.no

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

About Deep Value Driller

Deep Value Driller AS is a drillship-owning company which owns the high
specification UDW 7th generation drillship "Deep Value Driller", built in 2014.
As part of its strategy, the company has an ambition to create and maximise
value for its customers and investors, while at the same time ensuring safe and
sustainable operation of its drillship. For further information, visit
www.deepvaluedriller.no.