Shelf Drilling (North Sea), Ltd. - Mandatory notification of trade by primary insiders

Reference is made to the stock exchange announcement published earlier today at 18:35 CET regarding the completion of the Merger (as defined in the referred stock exchange announcement).

Following the issuance of the certificate of merger for the Merger by the Bermuda Registrar of Companies, all shareholders of Shelf Drilling (North Sea), Ltd. ("Shelf Drilling North Sea"), except shareholders being part of the Shelf Drilling, Ltd. group, have ceased to have any rights to shares in Shelf Drilling North Sea.

Therefore, certain primary insiders of Shelf Drilling North Sea have today ceased to have any rights to shares in Shelf Drilling North Sea as further described in the attached transaction forms.