Oslo, 5 May 2025: Reference is made to the stock exchange notice by Deep Value
Driller AS ("DVD" or the "Company") on 4 October 2024 regarding the updated
dividend distribution policy of DVD. Reference is further made to the board
authorisation granted by DVD's annual general meeting on 14 May 2024 to resolve
and distribute dividends in line with the Company's dividend policy based on the
annual accounts for 2023.

DVD's board of directors has today resolved to distribute a dividend in the
amount of NOK 0.25 per share, in total approximately NOK 23.3 million, for May
2025. The dividend is expected to be paid on or about 12 May 2025 and will be
regarded as repayment of paid in capital by the shareholders of DVD. DVD notes
that pursuant to the Company's loan facility, as amended 14 April 2025, the
Company is required to retain an amount equal to 12 months of interest payments
which is not available for distribution.

* * *

Contacts:
Svend Anton Maier, CEO
+47 41 42 71 29 
sam@deepvaluedriller.no

About Deep Value Driller

Deep Value Driller AS is a drillship-owning company which owns the high
specification UDW 7th generation drillship "Deep Value Driller", built in 2014.
As part of its strategy, the Company has an ambition to create and maximise
value for its customers and investors, while at the same time ensuring safe and
sustainable operation of its drillship. For further information, visit
www.deepvaluedriller.no. 

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Rule Book
part II.