TIDMAWDR

On 8 July 2021, funds managed by QVT Financial LP ("QVT") purchased in the open market 20,386 shares in Awilco Drilling Plc ("Awilco Drilling") at a price of NOK 3.3 per share.

Following the aforementioned transactions, funds managed or otherwise deemed controlled by QVT hereafter own a total of 4,881,167 shares in Awilco Drilling, or 8.94% of the registered share capital. QVT's CEO and founder, Dan Gold, is a member of the board of directors of Awilco Drilling PLC.

For further information, please contact Meg Eisner at QVT Financial LP at +1 (212) 705-6229.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachment

   -- KRT 1500 8 July 2021 AWDR NO 
      https://ml-eu.globenewswire.com/Resource/Download/f51fa56d-8718-42f5-aca7-7cfc636b3acc

(END) Dow Jones Newswires

July 10, 2021 10:08 ET (14:08 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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