PRESS RELEASE

SHELF DRILLING NORTH SEA REPORTS FIRST QUARTER 2025 RESULTS

Dubai, UAE, May 12, 2025 - Shelf Drilling (North Sea), Ltd. ("Shelf Drilling
North Sea" and, together with its subsidiaries, the "Company", Euronext Growth
Oslo: SDNS) announces results for the first of 2025. The results highlights will
be presented by an audio conference call on Monday, May 12, 2025, at 5:00 pm
Dubai time / 3:00 pm Oslo time. Dial-in details for the call are included in the
press release posted on May 5, 2025, and on page 2 of this release. 

For further queries, please contact: 
Douglas Stewart, Executive Vice President and Chief Financial Officer Shelf
Drilling 
Tel.: +971 4567 3400 
Email: douglas.stewart@shelfdrilling.com 

Dial in Details for the Audio Conference Call 

Participants will receive conference access information only when they register
for the conference via the link below: 

Online Registration:
https://register-conf.media-server.com/register/BI4b8e9c1da30b462aaba928f6ba1f14
1e

Participants must register for the call using online registration. Upon
registering, each participant will be provided with call details. 

About Shelf Drilling North Sea 
Shelf Drilling North Sea is a shallow water offshore drilling contractor
primarily operating in the North Sea. The company's fit-for-purpose strategy and
fleet of modern high-specification harsh environment jack-up rigs enable it to
offer a broad range of services in the shallow water drilling markets. The
company is incorporated under the laws of Bermuda. Since October 12, 2022,
Company shares are listed on the Euronext Growth Oslo Exchange under the ticker
symbol SDNS. 

Special Note Regarding Forward-Looking Statements 
Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and may be beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations expressed
or implied in this release by such forward-looking statements. Given these
factors, users of this information should not place undue reliance on the
forward-looking statements. Additional information about Shelf Drilling North
Sea can be found at www.shelfdrillingnorthsea.com. This information is subject
to the disclosure requirements pursuant to Euronext Growth Rule Book part II.