Seadrill Limited (SDRL) 🛢

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Seadrills massive tilbakekjøp vil få effekt

Seadrills massive tilbakekjøp vil få effekt

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Hva er blant de rigg selskaper med bra potensial på Oslo børs?

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Major shareholding notification – Seadrill Limited

New York, 30 November 2023

On 30 November 2023, Sculptor SC II, LP, Sculptor Credit Opportunities Master Fund, Ltd. and Sculptor Master Fund Ltd., all managed by Sculptor Capital LP (“Sculptor”), have in total sold 75,000 shares in Seadrill Limited (“Seadrill”), representing approximately 0.094% of Seadrill’s issued share capital and voting rights. In addition, Sculptor has sold a swap position representing the underlying financial exposure of 300,000 shares in Seadrill pursuant to its cash-settled equity swap entered into on 17 November 2023, while also acquiring 300,000 shares in Seadrill, representing approximately 0.38% of Seadrill’s share capital and voting rights.
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Following this, Sculptor holds 3,378,397 Seadrill shares, representing approximately 4.23% of Seadrill’s share capital and voting rights. Furthermore, Sculptor has financial exposure of an additional 564,953 underlying Seadrill shares, representing approximately 0.71% of Seadrill’s share capital and voting rights, due to the remaining holding under the cash-settled equity swap having a strike price of USD 40.04 per share and maturity date on 17 January 2026. In total, these holdings represent approximately 4.94% of Seadrill’s share capital and voting rights. Consequently, Sculptor has, on an aggregated basis, crossed below the 5% threshold for disclosure of large shareholdings.

This disclosure is made pursuant to sections 4-2 and 4-3, cf. section 4-6 of the Norwegian Securities Trading Act.

Kilde

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Disclosure of large shareholding – Seadrill Limited

On 1 December 2023 Elliott International L.P., Elliott Associates L.P. and The Liverpool Limited Partnership have sold common shares in Seadrill Limited (NYSE & OSE: SDRL) (“Seadrill” or the “Company”), resulting in crossing below the disclosure threshold.

Elliott International L.P., Elliott Associates L.P. and The Liverpool Limited Partnership are funds managed and advised by Elliott Investment Management L.P., a registered investment adviser with the U.S. Securities and Exchange Commission. The general partner of Elliott Investment Management L.P. is Elliott Investment Management GP LLC. Paul E. Singer is the sole managing member of Elliott Investment Management GP LLC.
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Following the sale, funds managed and advised by Elliott Investment Management L.P. have the following ownership interest in Seadrill:

• Elliott International L.P. holds 4,571,398 common shares and cash settled equity swaps equivalent to 3,385,229 common shares in Seadrill, which constitutes a total ownership of 7,956,627 common shares which represents approx. 9.96 % of Seadrill’s share capital.

• Elliott Associates L.P. holds cash settled equity swaps equivalent to 900,904 common shares in Seadrill, which represents approx. 1.13 % of Seadrill’s share capital.

• The Liverpool Limited Partnership holds 2,053,817 common shares and cash settled equity swaps equivalent to 620,000 common shares in Seadrill, which constitutes a total ownership of 2,673,817 common shares which represents approx. 3.3478 % of Seadrill’s share capital.

As a result of this, if voting rights are attributed to the cash settled equity swaps (i) Elliott International L.P. has a total ownership interest of 7,956,627 common shares in Seadrill, which represents approx. 9.96 % of Seadrill’s share capital and votes (and thus crossing below the 10 % disclosure threshold) and (ii) the total aggregate ownership interest of Elliott International L.P., Elliott Associates L.P. and the Liverpool Limited Partnership are 11,531,348 common shares in Seadrill, which represents 14.44 % of Seadrill’s share capital and votes (and thus crossing below the 15% disclosure threshold).

This disclosure is made pursuant to section 4-2, cf. section 4-3, of the Norwegian Securities Trading Act

Kilde

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Seadrill Announces Transactions Made Under the Company’s Share Repurchase Program

Hamilton, Bermuda, December 4, 2023 - Seadrill Limited (“Seadrill” or the
“Company”) (NYSE & OSE: SDRL) initiated a share repurchase program September 12,
2023 to repurchase up to $250 million of the Company’s common shares in open
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market transactions on the OSE and NYSE through March 31, 2024 pursuant to an
agreement with Arctic Securities AS and its subsidiary, Arctic Securities LLC
(“Arctic”).

For the period from and including November 27 through December 1, 2023, Seadrill
purchased a total of 724,037 shares at an average price of $44.43 per share. The
transactions effected through the agreement with Arctic comprise all the
transactions effected by or on behalf of Seadrill Limited during the period.

Transaction overview
Date Trading Aggregated daily Weighted average Total daily
Venue volume (number of share price (USD) transaction
shares) value (USD)
27 Nov. 2023 OSE 10,772 43.14 464,669
27 Nov. 2023 NYSE 73,217 42.49 3,110,661
28 Nov. 2023 OSE 20,564 44.92 923,782
28 Nov. 2023 NYSE 150,207 44.97 6,754,133
29 Nov. 2023 OSE 21,000 45.16 948,342
29 Nov. 2023 NYSE 103,474 44.90 4,646,003
30 Nov. 2023 OSE 21,400 44.45 951,138
30 Nov. 2023 NYSE 178,768 44.48 7,951,779
1 Dec. 2023 OSE 10,775 44.71 481,769
1 Dec. 2023 NYSE 133,860 44.33 5,934,174
Period total OSE 84,511 44.61 3,769,700
NYSE 639,526 44.40 28,396,751
Total 724,037 44.43 32,166,451
Previously disclosed OSE 673,120 42.90 28,879,594
totals (accumulated)
NYSE 4,309,163 42.74 184,185,554
Total 4,982,283 42.76 213,065,148
Program total OSE 757,631 43.09 32,649,294
NYSE 4,948,689 42.96 212,582,305
Total 5,706,320 42.98 245,231,599

The issuer’s holding
of own shares:
5,706,320

Following the
completion of the
above transactions,
Seadrill Limited
owned a total of
5,706,320 of its own
shares,
corresponding to
7.14% of Seadrill
Limited’s share
capital.

Appendix:

An overview of all
transactions made
under the Company’s
repurchase program
and its agreement
with Arctic
Securities that have
been carried out
during the above
-mentioned time
period is attached
to this report and
available at
www.newsweb.no.

Contact information

Benjamin Wiseman

Corporate Finance Manager & Investor Relations

T: +44 786 713 9312

E: benjamin.wiseman@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.

Kilde

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Shareholder Disclosure Notification

Please see attachment on www.newsweb.no
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Kilde

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Shareholder Disclosure Notification

Please see attachment on www.newsweb.no
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Kilde

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Seadrill Limited - Trade By Primary Insider

Hamilton, Bermuda, December 8, 2023 - Primary insider in the Company, Harry
Quarls, has acquired 5,000 ordinary shares in the Seadrill Limited as further
described in the attached form.
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This information is subject to disclosure requirements pursuant to article 19 of
the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of
the Norwegian Securities Trading Act.

Contact information

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.

Kilde

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Shareholder Disclosure Notification

See attachment on www.newsweb.no
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Kilde

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Seadrill Completes Share Repurchase Program Initiated in September 2023

Hamilton, Bermuda, December 11, 2023 - Seadrill Limited (“Seadrill” or the
“Company”) (NYSE & OSE: SDRL) initiated a share repurchase program on September
12, 2023 to repurchase up to $250 million of the Company’s common shares in open
…

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market transactions on the OSE and NYSE pursuant to an agreement with Arctic
Securities AS and its subsidiary, Arctic Securities LLC (“Arctic”).

For the period from and including September 12, 2023 through the last day of the
repurchase program, December 5, 2023, Seadrill purchased a total of 5,817,579
shares at an average price of $42.97 per share, equal to a total of $250
million. As a result, Seadrill hereby announces that the share repurchase
program initiated in September 2023 has been completed. Such repurchased shares
will be cancelled on or around December 20, 2023.

For the last period pursuant to the program from and including December 4
through December 5, 2023, Seadrill purchased a total of 111,259 shares at an
average price of $42.86 per share. The transactions effected through the
agreement with Arctic comprise all the transactions effected by or on behalf of
Seadrill Limited during the period.

Transaction overview

Date       Trading  Aggregated  Weighted average      Total daily
            Venue     daily     share price (USD)  transaction value
                      volume                             (USD)
                    (number of
                     shares)

4 Dec. 2023 OSE 12,926 43.37 560,618
4 Dec. 2023 NYSE 80,767 42.83 3,459,146
5 Dec. 2023 OSE 11,001 42.99 472,905
5 Dec. 2023 NYSE 6,565 41.99 275,691
Period total OSE 23,927 43.19 1,033,522
NYSE 87,332 42.77 3,734,837
Total 111,259 42.86 4,768,359
Previously OSE 757,631 43.09 32,649,294
disclosed
totals
(accumulated)
NYSE 4,948,689 42.96 212,582,305
Total 5,706,320 42.98 245,231,599
Program total OSE 781,558 43.10 33,682,817
NYSE 5,036,021 42.95 216,317,142
Total 5,817,579 42.97 249,999,958

The issuer’s holding of own shares: 5,817,579

Following the completion of the above transactions, Seadrill Limited owned a
total of 5,817,579 of its own shares, corresponding to 7.28% of Seadrill
Limited’s share capital.

Appendix:

An overview of all transactions made under the Company’s repurchase program and
its agreement with Arctic Securities that have been carried out during the above
-mentioned time period is attached to this report and available at
www.newsweb.no.

Contact information

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.

Kilde

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Shareholder Disclosure Notification

Please see attachment on www.newsweb.no
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Kilde

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Seadrill Limited Initiates New Share Buy-back Program

Hamilton, Bermuda, December 14, 2023 - Seadrill Limited (“Seadrill” or the
“Company”) (NYSE & OSE: SDRL) recently completed its $250 million share
repurchase program which was announced in September 2023.
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As announced on November 27, 2023, the Board of Directors of the Company
authorized additional share repurchases, allowing the repurchase of up to a
further $250 million of its outstanding common shares. The Company is not
obligated to repurchase any shares under the program. The additional
authorization has no set time limit.

In furtherance of the November 2023 authorization, the Company announced today
that it has put in place an agreement with Fearnley Securities AS and its
subsidiary, Fearnley Securities, Inc. (“Fearnley”), for the repurchase of the
Company’s common shares in open market transactions on the OSE and the NYSE.
Under this agreement, Fearnley will make its own trading decisions independently
of, and uninfluenced by, the Company, subject to instructions provided by the
Company in the agreement.

In order to comply with the European Market Abuse Regulation, the Company has
provided the following required information: (i) under the repurchase program,
as may be effected under the Fearnley agreement, the Company may repurchase up
to $250 million of its common shares during the period from December 14, 2023
until no later than September 30, 2024 (subject also to a maximum limit of 10
million shares), and (ii) the purpose of the repurchase program is to reduce the
number of common shares of the Company outstanding and to provide a return to
Company shareholders. The Company cannot predict how many shares will be
repurchased, if any, under the agreement with Fearnley, or the timing of any
repurchase or the price that will be paid for any shares repurchased under the
agreement.

The repurchase program will be completed in accordance with Regulation (EU)
2016/1052.

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act and article 5 of the European Market
Abuse Regulation.

Contact information

For additional information, visit www.seadrill.com.

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.

Forward-Looking Statements

This news release includes forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Exchange Act. All
statements other than statements of historical facts included in this
communication, including those regarding the timing and amount of repurchases of
the Company’s common shares under its repurchase program. These statements are
based on management’s current plans, expectations, assumptions and beliefs
concerning future events impacting the Company and therefore involve a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
which speak only as of the date of this news release. Important factors that
could cause actual results to differ materially from those in the forward
-looking statements include, but are not limited to, the Company’s liquidity and
those other factors described from time to time in the reports filed or
furnished by us with the SEC . Consequently, no forward-looking statement can be
guaranteed. When considering these forward-looking statements, you should also
keep in mind the risks described from time to time in the Company’s filings with
the SEC, including its Annual Report on Form 20-F for the year ended December
31, 2022, filed with the SEC on April 19, 2023 (File No. 001-39327), and
subsequent reports on Form 6-K.

The Company undertakes no obligation to update any forward-looking statements to
reflect events or circumstances after the date on which such statement is made
or to reflect the occurrence of unanticipated events. New factors emerge from
time to time, and it is not possible for us to predict all of these factors.
Further, the Company cannot assess the impact of each such factors on its
business or the extent to which any factor, or combination of factors, may cause
actual results to be materially different from those contained in any forward
-looking statement.

Kilde

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Seadrill Limited Announces Organizational Change

Hamilton, Bermuda, December 14, 2023 - As previously announced, Seadrill Limited
(“Seadrill” or the “Company”) (NYSE & OSE: SDRL) has decided to close its
London, England office and consolidate its corporate office in Houston, Texas.
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The Company announced today that its Executive Vice President and Chief
Operating & Technology Officer, Leif Nelson, will not relocate to Houston and
instead will be departing Seadrill.

In connection with Mr. Nelson’s departure, the Company has promoted Marcel
Wieggers to Senior Vice President - Operations, reporting directly to Simon
Johnson, President and Chief Executive Officer. Mr. Wieggers has been with
Seadrill since 2009, most recently serving as Vice President - Operations.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Contact information

For additional information, visit www.seadrill.com.

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.

Kilde

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Shareholder Disclosure Notification

Please see attachment on www.newsweb.no
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Kilde

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Seadrill Announces Transactions Made Under the Company’s Share Repurchase Program

Hamilton, Bermuda, December 18, 2023 - Seadrill Limited (“Seadrill” or the
“Company”) (NYSE & OSE: SDRL) initiated a share repurchase program December 14,
2023 to repurchase up to $250 million of the Company’s common shares in open
…

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market transactions on the OSE and NYSE until no later than September 30, 2024
pursuant to an agreement with Fearnley Securities AS and its subsidiary,
Fearnley Securities, Inc. (“Fearnley”).

For the period from and including December 14 through December 15, the Company
purchased a total of 64,000 shares at an average price of $44.02 per share. The
transactions effected through the agreement with Fearnley comprise all the
transactions effected by or on behalf of the Company during the period.

Transaction overview

Date       Trading  Aggregated  Weighted average      Total daily
            Venue     daily     share price (USD)  transaction value
                      volume                             (USD)
                    (number of
                     shares)

14 Dec. 2023 OSE 10,000 43.56 435,628
14 Dec. 2023 NYSE 22,000 43.97 967,333
15 Dec. 2023 OSE 10,000 44.39 443,909
15 Dec. 2023 NYSE 22,000 44.10 970,132
Period total OSE 20,000 43.98 879,537
NYSE 44,000 44.03 1,937,465
Total 64,000 44.02 2,817,002
Previously OSE - - -
disclosed
totals
(accumulated)
NYSE - - -
Total - - -
Program total OSE 20,000 43.98 879,537
NYSE 44,000 44.03 1,937,465
Total 64,000 44.02 2,817,002

The issuer’s holding of own shares: 5,881,579

Following the completion of the above transactions, the Company owned a total of
5,881,579 of its own shares, corresponding to 7.36% of the Company’s share
capital.

Appendix:

An overview of all transactions made under the Company’s repurchase program and
its agreement with Fearnley that have been carried out during the above
-mentioned time period is attached to this report and available at
www.newsweb.no.

Contact information

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.

Kilde

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Shareholder Disclosure Notification

Please see attachment on www.newsweb.no
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Kilde

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Seadrill Limited - Cancellation of Treasury Shares

Hamilton, Bermuda, December 20, 2023 - The Board of Directors of Seadrill
Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) has resolved to cancel
the 5,817,579 treasury shares acquired under the share repurchase program
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announced by the Company on September 12, 2023, with effect as of today. Such
treasury shares represent all shares acquired under the September share
repurchase program, and following this cancellation, the Company will have
74,048,962 issued shares.

When taking into account the shares acquired through December 19, 2023, pursuant
to the share repurchase program announced by the Company on December 14, 2023,
128,000 shares are held by the Company, equal to approximately 0.17% of the
issued shares and votes in the Company.

This information is subject of the disclosure requirements pursuant to sections
4-2 and 5-12 of the Norwegian Securities Trading Act.

Contact Information

For additional information, visit www.seadrill.com.

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.

Kilde

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Disclosure of large shareholding – Seadrill Limited

On 11 December 2023, Seadrill Limited (NYSE & OSE: SDRL) (“Seadrill” or the “Company”) completed the share repurchase program that was initiated on 12 September 2023. Seadrill announced on 20 December 2023 that the Company had decided to cancel the 5,817,579 treasury shares acquired under the share repurchase program. Following the cancellation, the Company will have 74,048,962 issued shares. Due to the cancellation of these shares, Elliott International L.P., Elliott Associates L.P. and The Liverpool Limited Partnership will be exceeding the disclosure threshold.

Elliott International L.P., Elliott Associates L.P. and The Liverpool Limited Partnership are funds managed and advised by Elliott Investment Management L.P., a registered investment adviser with the U.S. Securities and Exchange Commission. The general partner of Elliott Investment Management L.P. is Elliott Investment Management GP LLC. Paul E. Singer is the sole managing member of Elliott Investment Management GP LLC.
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Following the cancellation of the treasury shares, funds managed and advised by Elliott Investment Management L.P. have the following ownership interest in Seadrill:

• Elliott International L.P. holds 4,571,398 common shares and cash settled equity swaps equivalent to 3,385,229 common shares in Seadrill, which constitutes a total ownership of 7,956,627 common shares which represents approx. 10.75 % of Seadrill’s share capital.

• Elliott Associates L.P. holds cash settled equity swaps equivalent to 900,904 common shares in Seadrill, which represents approx. 1.2166 % of Seadrill’s share capital.

• The Liverpool Limited Partnership holds 2,053,817 common shares and cash settled equity swaps equivalent to 620,000 common shares in Seadrill, which constitutes a total ownership of 2,673,817 common shares which represents approx. 3.61 % of Seadrill’s share capital.

As a result of this, if voting rights are attributed to the cash settled equity swaps (i) Elliott International L.P. has a total ownership interest of 7,956,627 common shares in Seadrill, which represents approx. 10.75 % of Seadrill’s share capital and votes (and thus exceeding the 10% disclosure threshold) and (ii) the total aggregate ownership interest of Elliott International L.P., Elliott Associates L.P. and the Liverpool Limited Partnership are 11,531,348 common shares in Seadrill, which represents 15.57 % of Seadrill’s share capital and votes (and thus exceeding the 15% disclosure threshold).

This disclosure is made pursuant to section 4-2, cf. section 4-3, of the Norwegian Securities Trading Act.

Kilde

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Shareholder Disclosure Notification

Please see attachment on www.newsweb.no
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Kilde

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Seadrill Announces Contracts for West Auriga and West Polaris in Brazil

Hamilton, Bermuda, December 22, 2023 - Seadrill Limited (“Seadrill” or the
“Company”) (NYSE & OSE: SDRL) today announced that Petrobras has awarded 1,064
-day fixed-term contracts to each of the West Auriga and the West Polaris
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following a competitive bidding process. The contracts are expected to commence
in the fourth quarter of 2024 and represent total contract value of
approximately $1.1 billion, inclusive of additional services and mobilization
fees. The West Auriga and the West Polaris will transition to Seadrill from the
existing third-party managers before undertaking the campaigns with Petrobras.

Commenting on the awards, Simon Johnson, Seadrill’s President & Chief Executive
Officer, stated, “We have secured long-term contracts for the West Auriga and
the West Polaris alongside our four high-specification drillships already
working in Brazil. Petrobras are an important and longstanding customer for
Seadrill. We are excited to expand our contractual relationship with them and
increase our rig count in this key geography.”

In connection with these contract awards, today the Company published an updated
fleet status report that can be found on its website,
www.seadrill.com/investors.

Contact Information

For additional information, visit www.seadrill.com.

Benjamin Wiseman
Corporate Finance Manager & Investor Relations
T: +44 786 713 9312
E: benjamin.wiseman@seadrill.com

About Seadrill Limited

Seadrill is a leading offshore drilling contractor utilizing advanced technology
to unlock oil and gas resources for clients across harsh and benign locations
around the globe. Seadrill’s high-quality, technologically-advanced fleet spans
all asset classes allowing its experienced crews to conduct operations across
geographies, from shallow to ultra-deepwater environments.

Forward-looking Statements

The new release includes forward-looking statements. All statements other than
statements of historical facts included in this communication, including those
regarding the Company’s plans, strategies, business prospects, changes and
trends in its business and the markets in which it operates, are forward-looking
statements. These forward-looking statements can often, but not necessarily, be
identified by the use of forward-looking terminology, including the terms
“assumes”, “projects”, “forecasts”, “estimates”, “expects”, “anticipates”,
“believes”, “plans”, “intends”, “may”, “might”, “will”, “would”, “can”, “could”,
“should” or, in each case, their negative, or other variations or comparable
terminology. These statements are based upon management’s current plans,
expectations, assumptions and beliefs concerning future events impacting the
Company and therefore involve a number of risks, uncertainties and assumptions
that could cause actual results to differ materially from those expressed or
implied in the forward-looking statements, which speak only as of the date of
the new release. Important factors that could cause actual results to differ
materially from those in the forward-looking statements include, but are not
limited to, offshore drilling market conditions, including supply and demand,
dayrates, fluctuations in the price of oil, international financial market
conditions, changes in governmental regulations that affect the Company or the
operations of the Company’s fleet, the review of competition authorities and
other factors described from time to time in the reports filed or furnished by
the Company with the U.S. Securities and Exchange Commission (“SEC”). The
Company undertakes no obligation to update any forward-looking statements to
reflect events or circumstances after the date on which such statement is made
or to reflect the occurrence of unanticipated events. New factors emerge from
time to time, and it is not possible for the Company to predict all of these
factors. Further, the Company cannot assess the impact of each such factor on
its business or the extent to which any factor, or combination of factors, may
cause actual results to be materially different from those contained in any
forward-looking statement. Consequently, no forward-looking statement can be
guaranteed. When considering these forward-looking statements, you should also
keep in mind the risks described from time to time in the Company’s filings with
the SEC, including its Annual Report on Form 20-F for the year ended December
31, 2022, filed with the SEC on April 19, 2023 (File No. 001-39327), and
subsequent reports on Form 6-K.

This announcement is considered to contain inside information as defined in
article 7 of the EU Market Abuse Regulation, is subject to disclosure
requirements pursuant to section 5-12 of the Norwegian Securities Trading Act,
and was made public by Benjamin Wiseman at the Company on the date and time
stated above.

Kilde