PRESS RELEASE

SHELF DRILLING NORTH SEA REPORTS THIRD QUARTER 2024 RESULTS

Dubai, UAE, November 13, 2024 - Shelf Drilling (North Sea), Ltd. ("Shelf
Drilling North Sea" and, together with its subsidiaries, the "Company", Euronext
Growth Oslo: SDNS) announces results for the third quarter of 2024 ended
September 30. The results highlights will be presented by audio conference call
on November 14, 2024 at 6:00 pm Dubai time / 3:00 pm Oslo time. Dial-in details
for the call are included in the press release posted on November 6, 2024 and on
page 2 of this release.

For further queries, please contact:
Douglas Stewart, Executive Vice President and Chief Financial Officer
Shelf Drilling, Ltd.
Tel.: +971 4567 3400
Email : douglas.stewart@shelfdrilling.com

Dial in Details for the Audio Conference call
Participants will receive conference access information only when they register
for the conference via the link below: 

Online Registration:
https://register.vevent.com/register/BI961f529ea43e41478b5d97987731c270

Participants must register for the call using online registration. Upon
registering, each participant will be provided with call details.

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. The
company is incorporated under the laws of Bermuda. Since October 12, 2022,
Company shares are listed on the Euronext Growth Oslo Exchange under the ticker
symbol SDNS.

Special Note Regarding Forward-Looking Statements
Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and may be beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations expressed
or implied in this release by such forward-looking statements. Given these
factors, users of this information should not place undue reliance on the
forward-looking statements.

Additional information about Shelf Drilling North Sea can be found at
www.shelfdrillingnorthsea.com.

This information is subject to the disclosure requirements pursuant to Euronext
Growth Rule Book part II.