Reference is made to the stock exchange notice from S.D. Standard Drilling plc
(the "Company") on 17 November 2020 regarding the offer to repurchase own shares
(the "Offer"). The Company hereby announces that they have received valid
acceptances for 43,318,143 shares at a price of NOK 0.90 per share, and has
resolved to repurchase 43,318,143  shares at a price of NOK 0.90 per share.

The Company has decided that all shareholders will be allocated in full with
basis in the number of shares held by the shareholder as of 17 November 2020 (as
registered in the VPS on 19 November 2020). This implies an increase of the size
of the Offer from 30,000,000 to 43,318,143 shares. 
 
Allocation will be available in the VPS from 12:00 CET on 23 November 2020.
Trade date is 23 November 2020 with settlement date on 25 November 2020.

Following allocation and settlement of the Offer, the Company will own
43,318,143 own shares, corresponding to 7.52 % of the total shares outstanding.
The Company may not vote for the own shares held by the Company.

DNB Markets is acting as financial advisor and receiving agent for the
repurchase of shares.

For more information, please contact: 
General Manager, Evangelia Panagide at +357 99 77 11 16 
Chairman of the Board, Martin Nes at +47 92 01 48 14

The information is subject to the disclosure requirements pursuant to sections
4-2, 4-3 and 5-12 of the Norwegian Securities Trading Act.