S.D Standard Drilling Plc has purchased 500,000 shares, corresponding to 1%
ownership, in Noble at USD 18.5 per share. 

Noble completed its restructuring- and Chapter 11 process on 5 February 2021.
Having disposed five cold stacked rigs in the fourth quarter, Noble enters 2021
with 19 offshore drilling units, consisting of 7 drill ships and
semisubmersibles and 12 jackups. Noble are focusing largely on ultra- deepwater
and high-specification jackup drilling opportunities. After the restructuring
Noble has net debt of USD 300 million and liquidity of USD 600 million. Noble
had a contract backlog of USD 1.6 billion at the end of 2020. 

After the investment in Noble has been completed, the Company will in addition
own:
-	33.3% of the 2020 built VLCC Gustavia S
-	100% of four (4) large sized PSVs 
-	28% ownership of six (6) medium sized PSVs  

Following the purchase of shares in Noble, S.D Standard Drilling Plc will have a
bank balance of approximately USD 18 million, including cash in the Company and
within its 100% owned subsidiaries.

The information included in this announcement is such that the Company is
required to disclose in accordance with the EU Market Abuse Regulation (MAR),
and is publicly disclosed in accordance with MAR article 17 and section 5-12 of
the Norwegian Securities Trading Act. The announcement is made by Martin Nes.

For further information please contact:

General Manager Evangelia Panagide +357 99 77 11 16
Or
Chairman of the Board Martin Nes +47 92 01 48 14