Limassol, November 9th 2023 

S.D. Standard ETC Plc (Standard ETC, OSE:SDSD) reports net profit after tax of
USD 18.4 million in the third quarter of 2023 (Q3 22 USD 2.2 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 positive share price developments for Dolphin Drilling and
Standard Supply, culminating in a combined unrealized gain of USD 17.8 million.
Additionally, our ETC portfolio, which includes investments in other equities
and credits, yielded a gain of USD 1.0 million". 

"Following acquisition of the rig Paul B Lloyd, expected to be closed in
December 2023,  Dolphin Drilling will have secured a substantial confirmed
revenue backlog plus options. Moreover, Dolphin Drilling is working hard to
secure more work for its rig fleet and we are observing positive developments in
the drilling markets worldwide.".

"Standard Supply intends to distribute a total of NOK 0.5 per share in the third
quarter of 2023. With the UK spot market currently being at a high level, there
is a solid foundation for upcoming time charter negotiations. The fleet is
well-positioned to capitalize on this opportunity, as four out of seven vessels
are to become available for new charters in the upcoming months", Nes added. 

As an investment entity, Standard ETC does not consolidate its subsidiaries. The
company reported a net profit after tax of USD 18.4 million in the third quarter
of 2023, mainly reflecting unrealized gains of USD 17.8 million from the
investments in DDRIL and STSU. The company had a cash position of USD 31.2
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.