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13/11-2017 10:09:11: (SDSD) SDSD: NEW SHARE CAPITAL

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE
SERVICES OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
SDSD: NEW SHARE CAPITAL 

Limassol, Cyprus, 13 November 2017

Reference is made to the announcement made on 6 November 2017 for the close of
Tranche 2 of the Equity Offering in S.D. Standard Drilling Plc. ("SDSD" or the
"Company"). 

The Company will today issue a total of 7,239,687 new shares, thereby increasing
the Company's share capital from US$ 15,063,602 to US$ 15,280,793 constituting
an increase from 502,120,070 shares to 509,359,757 shares, each with a par value
of US$ 0.03. 

The Offer Shares in Tranche 2 will be listed on Merkur Market under a separate
ISIN number being CY0107450914 from and including today, 13 November 2017 and
until an approval of a prospectus by the Norwegian Financial Supervisory
Authority, expected mid-December 2017. 

Clarksons Platou Securities AS has acted as Sole Manager and Bookrunner in the
Equity Offering. 

For further information please contact:

General Manager Evangelia Panagide at +357 99 77 11 16, or
Chairman of the Board Martin Nes at +47 92 01 48 14

                                      ***

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

Ekstern link: http://www.newsweb.no/index.jsp?messageId=438520

Nyheten er levert av OBI.

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mandag 11/12-2017 14:34:49