(Limassol, 3 June 2021) S.D. Standard Drilling Plc (Standard Drilling, OSE:SDSD)
today announces the appointment of Espen Landmark Fjermestad as Head of
investments. Fjermestad comes from the position as Head of research at Fearnley
Securities and will strengthen the group's capabilities within shipping,
offshore and renewables.  
  
"We´re pleased to announce the appointment of Espen Landmark Fjermestad as Head
of investments. Espen brings a strong track-record within the shipping, offshore
and renewable industries and will add valuable capacity and competence to our
team. By appointing Espen as Head of investments we will aim to be more active
in looking at investment opportunities across these industries " says Martin
Nes, Chairman of the Board of Standard Drilling. 

Espen Landmark Fjermestad is appointed Head of investments at Standard Drilling
and comes from the position as Head of research at Fearnley Securities.
Fjermestrand has previously held positions at Storebrand Kapitalforvaltning and
holds a Master of science from Copenhagen Business School. He will take up his
new position latest by 1. September 2021. 

Fjermestad is granted 10 million options with a strike of NOK 1.25 after 18
months, in addition to 10 million options with a strike of NOK 1.40 after 30
months. The grant of the options is subject to General Assembly approval. 

ENDS

For additional information, please contact: 
General Manager, Evangelia Panagide at +357 99 77 11 16  
Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling|www.standard-drilling.com
S.D. Standard Drilling was founded in 2010. In addition to a 33.3% ownership of
a VLCC, the company currently has 100% ownership interest in four large-size
Platform Supply Vessels (PSVs) and an indirect ownership interest in six
mid-size PSVs. S.D. Standard Drilling is headquartered in Cyprus and is listed
on Oslo Stock Exchange with the ticker code SDSD.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange