(Limassol, 6 May 2022) S.D. Standard ETC Plc. (Standard ETC, OSE: SDSD)
announces the acquisition of 25% of Dolphin Drilling Holdings Limited (Dolphin
Drilling), a harsh environment drilling operator for the offshore oil and gas
industry, for USD 10 million through an equity issue.

"WeŽre pleased to announce our investment in Dolphin Drilling, a company with
deep industrial roots dating back to 1965 as one of the first drilling companies
to operate in the North Sea. Today, the company owns and operates three energy
efficient moored semi-submersible rigs and employs approximately 350 people. The
current market provides opportunities for debt-free drilling contractors with
ready to drill assets, and we look forward to work with the Dolphin team to
realize the potential of the current fleet and future rig management operations"
says Martin Nes, Chairman of the Board of Directors of Standard ETC.

Standard ETC has today acquired 25% of Dolphin Drilling through an equity issue
for a cash consideration of USD 10 million with warrants to invest an additional
USD 5 million, bringing the total ownership up to 32.5 %. Dolphin Drilling has
no interest bearing debt.

Formerly known as Fred Olsen Energy, Dolphin Drilling owns and operates a fleet
of 5th and 6th generation enhanced Aker H3 units with high technical standard
and broad operational track record. The company has approximately 350 employees
at operational bases in Aberdeen, Scotland, Stavanger, Norway, in addition to
offshore personnel.

Øystein Stray Spetalen and Martin Nes will join the Board of Directors of
Dolphin Drilling, with Mr. Nes proposed as Chairman.

Per end of March 2022, Standard ETC held cash and marketable securities of
approximately USD 80 million. In addition, the company owns a fleet of seven
platform supply vessels (PSV) of which two fully owned large-sized PSVs with
1050 M2 clear deck area. Standard Viking operates on a day rate of GBP 11,000
until January 2023, while the Standard Supplier currently operates on day rate
of Euro 15,000. The company holds 28% of five mid-sized PSVs. Presently, spot
rates are between GBP 15-20,000 for PSVs.

For further information please contact:

Chairman of the Board Martin Nes at +47 92 01 48 14
Head of Investments Espen Landmark Fjermestad at +47 95 20 44 93

Standard ETC|www.standard-etc.com
S.D. Standard ETC is an investment company founded in 2010. The company holds a
focused investment portfolio and a fleet of Platform Supply Vessels (PSVs). S.D.
Standard ETC is headquartered in Cyprus and is listed on Oslo Stock Exchange
with the ticker code SDSD.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Espen Lundaas on 6 May 2022 at 12:00 CET