NOT FOR DISTRIBUTION IN OR INTO UNITED STATES, CANADA AUSTRALIA, JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Hemen Holding Ltd ("Hemen") has on 7 February 2022 acquired in total 9,300
shares in Northern Drilling Ltd ("NODL"). Following the acquisition, Hemen holds
6,453,826 shares in NODL, representing approx. 40.00% of the shares and votes in
NODL. The acquisition has triggered an obligation for Hemen to make a mandatory
offer pursuant to section 6-6 (1) of the Norwegian Securities Trading Act. 

Hemen will put forward a mandatory offer to acquire all NODL shares not held by
Hemen within the four weeks deadline stipulated by section 6-10 (1) of the
Norwegian Securities Trading Act. The offer price in the forthcoming offer will
be NOK 17 per NODL share, which exceeds the highest price Hemen has paid for
shares in NODL during the last six months. 
	
This information is subject to the disclosure requirements pursuant to section
6-8 of the Norwegian Securities Trading Act.

* * *
The distribution of this Offer Document and the making of the Offer may in
certain jurisdictions (including, but not limited to, United States, Canada,
Australia and Japan) may be restricted by law.  

NO OFFER WILL NOT BE MADE IN ANY JURISDICTION IN WHICH MAKING OF THE OFFER WOULD
NOT BE IN COMPLIANCE WITH THE LAWS OF SUCH JURISDICITON. THIS ANNOUNCEMENT DOES
NOT IN ITSELF CONSTITUTE AN OFFER AND ANY OFFER WILL ONLY BE MADE ON THE BASIS
OF AN APPROVED OFFER DOCUMENT AND MAY ONLY BE ACCEPTED PURSUANT TO THE TERMS OF
SUCH DOCUMENT.