Oslo, 5 May 2025: Reference is made to the stock exchange notice by Deep Value
Driller AS ("DVD") earlier today. As set out in the notice, the board of
directors has 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 dates relevant to the proposed dividend distribution are set out below:

Dividend amount: NOK 0.25 per share
Announced currency: NOK
Last day including right: 6 May 2025
Ex-date: 7 May 2025
Record date: 8 May 2025
Payment date: On or about: 12 May 2025
Date of approval: 5 May 2025

The distribution shall constitute repayment of paid in capital by the
shareholders of DVD.

This information is published in accordance with the requirements of the
Euronext Growth Oslo Rule Book Part II.