New share capital registered

NorAm Drilling AS

Oslo, Norway, August 21, 2026

Reference is made to the announcement on June 7, 2026 by NorAm Drilling AS
regarding the issuance of 40,000 new shares following a share option exercise by
a PDMR on May 28, 2026.

The resolution made by the Board of Directors to increase the share capital by
issuance of new shares was today registered with the Norwegian Register of
Business Enterprises. The new shares were issued pursuant to an authorization to
issue new shares granted to the Board of Directors on the Company's annual
general meeting on June 24, 2025.

Following this, the Company's new share capital is NOK 86,715,914 consisting of
43,357,957 shares each, with a par value of NOK 2.00.

For further queries, please contact:
Sander Borgli, Director of IR and Strategy
Tel: +47 95455604

About NorAm Drilling
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs
upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is
the largest oil producing region in North America. NorAm Drilling is debt free
and has industry leading operating margins. The Company has a full pay-out
dividend strategy, targeting frequent cash distributions in a profitable market.


www.noramdrilling.com

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