Reference is made to the stock exchange announcement by Northern 
Drilling Ltd. (the "Company") on 25 October 2023, which announced the 
successful conditional placement of 313,600,000 new shares at a 
subscription price of NOK 0.125 per share (the "Private Placement"). 
Reference is further made to the stock exchange announcement made by 
the Company on 8 November 2023 that the shares allocated in the 
Private Placement (the "New Shares") had been issued. 

The New Shares have now been registered in the Company's Register of 
Members as duly issued. The 313,600,000 New Shares have been issued 
on a separate ISIN in the VPS and will not be listed and tradable on 
Oslo Børs until the publication of a listing prospectus to be approved 
by the Financial Supervisory Authority of Norway. Following issuance 
of the New Shares, the Company has an issued share capital of USD 
3,329,478.23 divided into 332,947,823 ordinary shares, each with a 
nominal value of USD 0.01.

This information is subject to the disclosure requirements pursuant to 
Section 5-12 of the Norwegian Securities Trading Act