NOTE: THE COMPANY IS AN INVESTMENT ENTITY AND SHALL NOT CONSOLIDATE ITS
SUBSIDIARIES.

(Limassol, 15 February 2024) S.D. Standard ETC Plc (Standard ETC, OSE:SDSD)
reports a net loss after tax of USD 2.6 million in the fourth quarter of 2023,
compared to a net profit after tax of USD 13.8 million in the fourth quarter of
2022. For the full year of 2023, Standard ETC had a profit of USD 2.6 million
(2022 USD 39.8 million). The company is a leading shareholder in Dolphin
Drilling AS (Dolphin Drilling, OSE:DRILL) and Standard Supply AS (Standard
Supply, OSE:STSU). 

Martin Nes, Standard ETC's Board Chairman, comments: "Our financial results are
mainly driven by share price developments for Dolphin Drilling and Standard
Supply, culminating in a combined unrealized loss of USD 4.3 million for the
fourth quarter. Additionally, our ETC portfolio, which includes investments in
other equities and credits, yielded a gain of USD 1.9 million". 

"Dolphin Drilling has secured a substantial confirmed revenue backlog,
approximately USD 300 million. In the UK Dolphin Drilling is now moving fast to
secure multi-year drilling campaigns for the Borgland starting in 2025, on top
of the firm 137-days with Enquest." 

"Standard Supply is distributing a total of NOK 2.75 per share in the fourth
quarter of 2023, reflecting liquidity at hand. After this distribution, there is
approximately NOK 2.5/sh left in the company, split c. 50/ 50 between cash and
market value of the Standard Supplier", Nes added. 

As an investment entity, Standard ETC does not consolidate its subsidiaries. The
company reported a net loss after tax of USD 2.6 million in the fourth quarter
of 2023, mainly reflecting unrealized losses from the investments in DDRIL and
STSU. The company had a cash position of USD 26 million at the end of the
quarter, excluding cash held by subsidiaries.  

The company's stakes in Dolphin Drilling and Standard Supply are evaluated at
the quarter-end share prices.

Attached are the company presentation and the Board of Directors' report.

ENDS

For further information, please contact: 
General Manager, Evangelia Panagide at +357 99 77 11 16  
Chairman of the Board Martin Nes at +47 92 01 48 14

About Standard-ETC | standard-etc.com
S.D. Standard ETC is an investment company founded in 2010. The company holds a
concentrated investment portfolio including a 53% ownership in Standard Supply
AS (Euronext Growth: STSU) and a 19% ownership in the listed drilling company
Dolphin Drilling AS (Euronext Growth DDRIL). S.D. Standard ETC is headquartered
in Cyprus and listed on the Oslo Stock Exchange under the ticker SDSD.