West Libra Inc., the 100% owned subsidiary of Northern Drilling Ltd (the
"Company" or "NODL"), has today notified Daewoo Shipbuilding & Marine
Engineering Co. Ltd ("DSME") that it has cancelled the resale contract for the
7th generation ultra-deepwater drillship West Libra due to delay of delivery as
well as repudiatory breach of contract.

West Libra Inc. has made advance payments totaling approximately USD $90 million
under the resale contract with DSME, and will claim a refund of the instalment
paid, plus interest and damages.  If this claim is disputed, the Company will
seek an award via London arbitration in accordance with the terms of the
contract as well as industry standard procedures and timescales.

Following the cancellation of the resale contract of West Aquila in August 2021,
DSME has initiated arbitration proceedings.

Contact Person:
Scott McReaken, CEO of NODL
+1 (832) 509-7191

Additional information about the Company can be found at:
http://www.northerndrillingltd.com


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Forward Looking Statements

Matters discussed in this release may contain certain forward-looking statements
relating to the business, financial performance and results of the Company
and/or the industry in which it operates, sometimes identified by the words
"believes", "expects", "intends", "plans", "estimates" and similar expressions.
The forward-looking statements contained in this release, including assumptions,
opinions and views of the Company or cited from third-party sources, are solely
opinions and forecasts which are subject to risks, uncertainties and other
factors that may cause actual events to differ materially from any anticipated
development. The Company does not provide any assurance that that the
assumptions underlying such forward-looking statements are free from errors, nor
does the Company accept any responsibility for the future accuracy of the
opinions expressed in the presentation or the actual occurrence of the
forecasted developments. No obligations are assumed to update any
forward-looking statements or to conform to these forward-looking statements to
actual results.