Oslo, 6 December 2025: 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 6 June 2025 to
resolve and distribute dividends in line with the Company's dividend policy
based on the annual accounts for 2024.

The amended bareboat charter agreement entered into between the Company and
Saipem in April 2025 (the "Amended Bareboat Charter") provides for varying rate
levels, with inter alia lower rates applicable during mobilization and idle
periods. As described in the Company's report for the third quarter of 2025
published on 31 October 2025, October 2025 was primarily a mobilization month
under the Amended Bareboat Charter with lower applicable rates. The board of
directors of the Company has therefore resolved not to distribute dividends for
December 2025.

* * *

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

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. 

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.