The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for July 2024. Distribution amount: USD 0.04 per share. Ex-date: July 16, 2024.

Record date: July 17, 2024. Payment date: On or about July 24, 2024. Date of approval: July 10, 2024.

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.