Limassol, August 8th 2024 

S.D. Standard ETC Plc (Standard ETC, OSE:SDSD) reports a net loss after tax of
USD 5.7 million in the second quarter of 2024, compared to a net loss after tax
of USD 14.4 million in the second quarter of 2023. 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 10.5 million.
Additionally, our ETC portfolio, which includes investments in other equities
and credits, yielded a gain of USD 4.9 million". 

As an investment entity, Standard ETC does not consolidate its subsidiaries. The
company reported a net loss after tax of USD 5.7 million in the second quarter
of 2024, mainly reflecting unrealized losses from the investments in DDRIL and
STSU. The company had a cash position of USD 25.5 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 17% 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.