S.D. STANDARD DRILLING PLC.: SUBSEQUENT OFFERING - EXPIRY OF SUBSCRIPTION PERIOD

S.D. STANDARD DRILLING PLC.: SUBSEQUENT OFFERING - EXPIRY OF SUBSCRIPTION PERIOD

20.01.2017 07:45

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL S.D. STANDARD DRILLING PLC.: SUBSEQUENT OFFERING - EXPIRY OF SUBSCRIPTION PERIOD Limassol, January 20, 2017 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES. Reference is made to previous announcements by S.D. Standard Drilling Plc. (the 'Company' or 'Standard Drilling') relating to the subsequent offering (the 'Subsequent Offering') of up to 9,500,000 new shares (the 'Offer Shares') for gross proceeds of up to NOK 6,175,000. The subscription period for the Subsequent Offering will expire today, 20 January 2017, at 16:30 hours (CET). Correctly completed subscription forms must be received by Clarksons Platou Securities AS (in its capacity as Manager for the Subsequent Offering), or be registered in the VPS in the case of online subscriptions, within this deadline. Upon expiry of the subscription period, any subscription rights that have not been exercised will expire and have no value. Clarksons Platou Securities AS is acting as Manager for the Subsequent Offering. For further information please contact: General Manager Evangelia Panagide at [phone], or Chairman of the Board Martin Nes at [phone] *** This publication is not for distribution, directly or indirectly, in or into the United States, nor is it an offer for sale of or the solicitation of an offer to purchase securities in the United States. Any securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act'), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Copies of this publication are not being, and may not be, distributed or sent into the United States.