SD Standard Drilling : SDSD-MANDATORY NOTIFICATION OF TRADE

Reference is made to the stock exchange notice dated 5

January 2017 regarding a contemplated private

placement of up to 111,111,200 new shares (the "New

Shares") in S.D. Standard Drilling PLC ("SDSD") for

gross proceeds of approx. up to NOK 100 million

(the "Private Placement") and today's stock exchange

notice regarding completion of the Private Placement.

In the Private Placement, Arne Fredly, Board member,

has been allocated 1,757,389 New Shares through Apollo

Asset Management Ltd. at the subscription price of NOK

0.90 per New Share.

Following completion of the Private Placement and

issuance of the New Shares, Arne Fredly will hold,

through Apollo Asset Management Ltd., 32,857,389

shares in SDSD, corresponding to 4.13% of the total

outstanding share capital.

* * *

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian Securities

Trading Act)