NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

S.D. Standard ETC Plc: Private Placement in Standard Supply successfully placed

Limassol, June 10, 2022

Reference is made to the announcement made on June 9, 2022, concerning a
contemplated private placement in Standard Supply AS ("Standard Supply") and a
subsequent listing of Standard Supply's shares on Euronext Growth Oslo. 

The contemplated private placement was significantly oversubscribed and Standard
Supply is pleased to announce that it has allotted 33,632,287 shares (the "New
Shares") at the price of NOK 4.46 corresponding to gross proceeds of NOK 150
million (the "Private Placement"). Allocation to investors will be communicated
on June 10 2022.

Net proceeds from the Private Placement will be used to finance further growth
within offshore support vessels as well for general corporate purposes.

The settlement date for the New Shares will be on or about June 14, 2022. The
Private Placement is expected to be settled with existing and unencumbered
shares in the Company, pursuant to a share lending agreement between the
Manager, Standard Supply and S.D. Standard ETC PLC. The Manager will settle the
share loan through the issuance of the New Shares. The New Shares will be
registered on Euronext NOTC on or about 16 June 2022 pending the listing of
Standard Supply on Euronext Growth, expected mid-July. 

Following registration of the new share capital pertaining to the Private
Placement, Standard Supply will have a share capital of NOK 13,393,228.70
divided by 133,932,287 shares, each with a par value of NOK 0.10. S.D. Standard
ETC Plc will hold of 100,300,000 shares in the Company following the Private
Placement, corresponding to 74.9% of the outstanding share capital following the
Private Placement.

The guarantee consortium led by Ferncliff Tih AS was allocated 3,095,613 New
Shares at the offer price of NOK 4.46 under their guarantee. 

Clarksons Platou Securities AS has acted as Sole Manager and Bookrunner in the
Private Placement. Advokatfirmaet CLP DA has acted as Norwegian legal counsel to
SDSD and Standard Supply.

For further information please contact:

Chairman of the Board Martin Nes at +47 92 01 48 14

                                      ***

The information in this announcement is considered to be inside information
pursuant to the EU Market Abuse Regulation for SDSD. This information is subject
to the disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act. This stock exchange notice was published by Espen
Lundaas, consultant, on the time and date provided.

Important information
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan Hong Kong or the United
States (including its territories and possessions, any state of the United
States and the District of Columbia). It is issued for information purposes only
and does not constitute or form part of any offer or solicitation to purchase or
subscribe for securities, in the United States or in any other jurisdiction. The
securities mentioned herein have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "US Securities Act"). The
securities may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the US Securities Act. Neither
SDSD nor Standard Supply intend to register any portion of any offering of the
securities in the United States or to conduct a public offering of the
securities in the United States. Copies of this announcement are not being made
and may not be distributed or sent into Australia, Canada, Japan or the United
States.

The issue, subscription or purchase of shares in Standard Supply is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither
SDSD, Standard Supply nor the Manager assumes any responsibility in the event
there is a violation by any person of such restrictions. The distribution of
this release may in certain jurisdictions be restricted by law. Persons into
whose possession this release comes should inform themselves about and observe
any such restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.

The Manager is acting for Standard Supply and no one else in connection with the
potential Private Placement in the Company and will not be responsible to anyone
other than the Company providing the protections afforded to their respective
clients or for providing advice in relation to the Private Placement and/or any
other matter referred to in this release.

Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect Standard Supply's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.