Deep Value Driller AS (the "Company") hereby calls for its annual general
meeting to be held on Wednesday, 8 June 2022 at 16:00 CEST at the Company's
offices at Munkedamsveien 45F, 8th floor, 0250 Oslo, Norway.

The notice of the general meeting, including the board's proposed resolutions
and the notice of attendance and the proxy forms are attached to this notice.
Shareholders are encouraged to attend the meeting by casting their votes in
advance or granting a proxy to the chair of the board with voting instructions.
See further details in the attached notice. 

As set out in item 7 of the attached notice, the board proposes that Glen Ole
Rødland is elected as a new member to the Company's board of directors. 

Glen Rødland is an independent investor and is the chairperson and board member
in ABL Group ASA, Prosafe SE, SES-X Marine Technologies AS and ATDL AS.  He was
a senior partner at HitecVision for four years, and for ten years was a partner
and co-investor of Direct Active Investments in Ferncliff TIH AS. Rødland has
worked for 15 years with portfolio management, financial analysis, and
investment banking for DNB (Vital) and Swedbank (formerly First Securities and
Elcon Securities). In addition, Rødland has served as chairperson of the board
of directors in Seadrill Limited and Prospector Offshore Drilling and as board
member in Standard Drilling. He has also worked in the shipping company Jebsens
and as a management consultant in PWC. He has MBA and Post Graduate studies in
Finance from NHH and UCLA. Rødland is a Norwegian citizen and resides in Bærum,
Norway.

It is also proposed to issue warrants to Rødland as new board member of the
Company as further detailed in item 8 of the proposed agenda.

All documents relevant for the annual general meeting will be made available on
the Company's website: www.deepvaluedriller.no.

From an environmental and cost perspective, the Company has decided that
shareholders shall receive future messages from the Company, including notices
of general meetings, electronically through the VPS, see page 2 of the attached
notice. To receive information electronically, please visit your online bank or
https://www.euronextvps.no/, or contact your VPS account manager.

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.
The Company's strategy is to secure contracts for its drillship with top-tier
drilling contractors worldwide. 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 of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book
part II.