PRESS RELEASE
SHELF DRILLING ANNOUNCES NORWAY OPERATIONS UPDATE

Dubai, June 3, 2024 - Shelf Drilling, Ltd. ("Shelf Drilling" or the "Company",
OSE: SHLF) announced today that a subsidiary of Shelf Drilling (North Sea), Ltd.
("Shelf Drilling North Sea" or "SDNS") has received notice from Havtil
(Norwegian Ocean Industry Authority) that its application for an Acknowledgement
of Compliance (AoC) for the Shelf Drilling Barsk jack-up rig has not been
accepted. The Shelf Drilling Barsk rig can only commence its contract in Norway
(announced April 28, 2023) once the AoC has been obtained. Shelf Drilling
intends to continue constructive dialogue with Havtil in order to obtain the AoC
and commence the announced drilling contract. A further update on the AoC
process will be provided in due course. 

About Shelf Drilling
Shelf Drilling is a leading international shallow water offshore drilling
contractor with rig operations across Middle East, Southeast Asia, India, West
Africa, Mediterranean and North Sea. Shelf Drilling was founded in 2012 and has
established itself as a leader within its industry through its fit-for-purpose
strategy and close working relationship with industry leading clients. The
Company is incorporated under the laws of the Cayman Islands with corporate
headquarters in Dubai, United Arab Emirates. The Company is listed on the Oslo
Stock Exchange under the ticker "SHLF".

About Shelf Drilling North Sea
Shelf Drilling North Sea is a shallow water offshore drilling contractor
primarily operating in the North Sea. The company's fit-for-purpose strategy and
fleet of modern high-specification harsh environment jack-up rigs enable it to
offer a broad range of services in the shallow water drilling markets. SDNS is
incorporated under the laws of Bermuda. Since October 12, 2022, SDNS shares are
listed on the Euronext Growth Oslo Exchange under the ticker "SDNS".

Additional information about Shelf Drilling can be found at
www.shelfdrilling.com.

Contact details
For questions or comments, please contact investor.relations@shelfdrilling.com. 

This information may be considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and may be subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Kate Weir, Associate
General Counsel and Corporate Secretary, at the date and time set out above.