Bermuda, 18 December 2023: Reference is made to the stock exchange announcements
published by Northern Drilling Ltd. ("Northern Drilling" or the "Company") on 8
November 2023 regarding the issuance of 313,600,000 new shares allocated in a
private placement and 23 November 2023 regarding the issuance of 18,433,188 new
shares in a subsequent offering (jointly, the "New Shares").

The Financial Supervisory Authority of Norway (Nw: Finanstilsynet) has today, on
18 December 2023, approved a prospectus prepared by the Company in connection
with the listing of the New Shares (the "Prospectus"). The Prospectus has been
prepared for the purpose of listing the New Shares only. Consequently, no
securities are being offered under the Prospectus.

The Prospectus will be made available at the Company's website
(https://www.northerndrillingltd.com) and in the attached document. Following
publication of the Prospectus, the New Shares are tradeable on Oslo Børs.
Following the ordinary settlement procedures in VPS, the New Shares will be
registered on the Company's ordinary ISIN BMG6624L1090. 

For further information, please contact:
 
Scott McReaken, CEO 
Tel: +1 (832) 509-7191

This information is published in accordance with the disclosure requirements
pursuant to section 4.5 (1) of Oslo Rule Book II and section 5-12 of the
Norwegian Securities Trading Act.