The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of USD 0.11 per share for April 2023. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. The dividend payable on or about April 21, 2023 record date of April 18, 2023.

Ex-date is April 17, 2023.