NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A
SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.

PRESS RELEASE

SHELF DRILLING HOLDINGS, LTD. ANNOUNCES EARLY RESULTS OF ITS CASH TENDER OFFERS
FOR ANY AND ALL OF THE OUTSTANDING 2024 NOTES AND 2025 NOTES

October 11, 2023 - Shelf Drilling Holdings, Ltd. (the "Company"), an exempted
company, limited by shares and incorporated under the laws of the Cayman Islands
and an indirect wholly-owned subsidiary of Shelf Drilling, Ltd., announced today
the early results of its previously announced tender offers for cash (the
"Offers" and each an "Offer") of any and all of its outstanding 8.875% Senior
Secured First Lien Notes due 2024 (the "2024 Notes") and any and all of its
outstanding 8.250% Senior Notes due 2025 (the "2025 Notes" and together with the
2024 Notes, the "Notes") in respect of tenders from registered holders of Notes
("Holders") who validly tendered their Notes on or prior to 5:00 p.m., New York
City time, on October 10, 2023 (the "Early Tender Date").

As of the Early Tender Date, $217,202,000.00 principal amount of 2024 Notes and
$605,212,000.00 principal amount of 2025 Notes were validly tendered and not
validly withdrawn. Further information is included in the attached announcement.


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.