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OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Limassol, June 09, 2022

S.D. Standard ETC Plc. ("SDSD") is contemplating a private placement for its
100% owned subsidiary, Standard Supply AS ("Standard Supply"), and a subsequent
listing of Standard Supply's shares on Euronext Growth Oslo to finance further
growth within the OSV segment. Standard Supply consists today of two 100% owned
large-size PSVs and a 28.1% holding in five mid-sized PSVs. Five of the seven
vessels are today operating in the spot market. The vessels, including cash and
working capital, has a pre-money equity value of NOK 448 million. 

"We are experiencing solid interest for our high-quality PSV assets with low
overhead costs and no debt. We see strong signs of an unprecedented market
upturn and our vessels are positioned to fully capture the soaring day rates,"
says Martin Nes, Chairman of the Bord of Directors of SDSD and Standard Supply,
and continues: "By strengthening Standard Supply's financial profile further,
teaming with tier-1 investors and creating a listed vehicle, the Company has a
strong platform for leveraging on the growth and expansion opportunities in the
upturn cycle for oil service vessels."

To enable Standard Supply to grow at an early phase of an identified upcycle for
oil service vessels, Standard Supply contemplates an equity issue (the "Private
Placement") of NOK 150 million to fund potential acquisitions of platform supply
vessels. Standard Supply has retained Clarksons Securities AS (the "Manager") to
advise on and effect such Private Placement.

The contemplated Private Placement amount is fully covered and guaranteed prior
to launch through a syndicate of cornerstone investors. Songa Capital AS,
Uthalden AS and Coltrane Asset Management, have, subject to certain conditions,
undertaken to apply for shares for a NOK amount equal to NOK 108.6 million.
These cornerstone investors will receive full allocation for shares applied for
by them in the Private Placement. A guarantee consortium led by Ferncliff Tih AS
has guaranteed for subscription the remaining amount, corresponding to shares
for an amount of NOK 41.4 million. The guarantee consortium is entitled to be
allocated shares for up to NOK 13.8 million in the Private Placement, but may
elect, at its sole discretion, to receive allocation of new shares for a lesser
amount. No commission or guarantee fee is being charged in connection with such
commitments.

Standard Supply will host an investor call on June 9th at 16:00 CET to present
the company, its strategy as well as its view on the market sentiment. Log-in
details and an investor presentation will be available on SDSD's web-site:
https://www.standard-etc.com/  

After the closing of the Private Placement, the shares of Standard Supply will
be registered on Euronext NOTC in Oslo, with first day of listing expected to be
on or about 16 June 2022. In parallel, Standard Supply will initiate a process
to list the shares of the company on Euronext Growth Oslo and anticipates,
subject to satisfaction of all listing criteria and receipt of all necessary
approvals and resolutions, that such listing and trading of the shares can take
place during the month of July 2022. Upon successful listing of the shares of
Standard Supply on Euronext Growth Oslo, the listing of the shares on Euronext
NOTC will cease. Further information about the listing process on Euronext
Growth Oslo will be given in due course.

The Private Placement will be directed towards certain Norwegian and
international institutional investors subject to applicable exemptions from
relevant prospectus requirements, (i) outside the United States in reliance on
Regulation S under the US Securities Act of 1933 (the "U.S. Securities Act") and
(ii) in the United States to investors that are either "qualified institutional
buyers" ("QIBs") as defined in Rule 144A under the US Securities Act or
institutional "accredited investors" within the meaning of Rule 501(a) under(1),
(2) or (7) of the U.S. Securities Act. The minimum application and allocation
amount has been set to the NOK equivalent of EUR 100,000, provided that Standard
Supply reserves the right to, at its sole discretion