Awilco Drilling (Oslo: AWDR) – Equity private placement

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CONFIDENTIAL - FOR RECIPIENT USE ONLY REDISTRIBUTION IS PROHIBITED

Fearnley Securities is engaged as lead manager to raise approximately USD 20 million of new equity for Awilco Drilling PLC (Oslo: AWDR), as announced by the company on 8 March 2019 (https://newsweb.oslobors.no/message/471613). The placement will be done as a private placement with intended close on 11 March 2019 at 08:00 CET followed by a subsequent offering, with the proceeds being targeted towards the ordering of a new semisubmersible drilling rig.

At the launch, the contemplated offering amount is well covered, and only existing shareholders of the company can expect to receive allocations from new orders.

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