Limassol, August 10th 2023 

S.D. Standard ETC Plc (Standard ETC, OSE:SDSD) reports a net loss after tax of
USD 14.4 million in the second quarter of 2023, compared to a net profit after
tax of USD 15.6 million in the second quarter of 2022. The company is a leading
shareholder in Dolphin Drilling AS (Dolphin Drilling, OSE:DRILL) and Standard
Supply AS (Standard Supply, OSE:STSU), and has a flexible investment strategy
with no debt and a solid cash balance.

Martin Nes, Standard ETC's Board Chairman, comments: "The quarter's figures were
impacted by the unrealized loss in Dolphin Drilling following the USD 60m
private placement in late June. Nevertheless, we're optimistic about this move.
By acquiring an asset with a two-year payback period, we're enhancing Dolphin's
dividend potential. This transaction will also pave the way for bringing another
rig back to work in an improving market. Our commitment to Dolphin Drilling
remains unwavering, and we're eager to steer its progress going forward"

"Standard Supply is distributing a total of NOK 0.7 per share in the second
quarter of 2023, or nearly 15% of its current market capitalization. Second
quarter average TCE was USD 15,600 per day, increasing to USD 17,700 per day in
July, the highest on record since the IPO. The outlook remains strong, with
average term rates increasing by c. 10-20% year-to-date in key regions", Nes
added. 

As an investment entity, Standard ETC does not consolidate its subsidiaries. The
company reported a net loss after tax of USD 14.4 million in the second quarter
of 2023, mainly reflecting an unrealized loss of USD 16.4 million from the
investments in DDRIL and STSU. The company had a cash position of USD 34.3
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 20% 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.