8 September 2023 :Deep Value Driller AS (the "Company" and together with its subsidiaries, the "Group") is pleased to announce that the Group's 7th generation mobile offshore drilling vessel "Deep Value Driller" (the "Drillship") has today been successfully delivered toSaipem (the "Charterer") under the bareboat charterparty entered into with respect to the Drillship earlier this year (the "Contract"). Representatives of the Group will remain onboard the Drillship for the duration of the Contract although the daily operational and maintenance responsibility for the Drillship passes to the Charterer as from delivery. As previously announced, the Contract has an estimated firm period of 3 years (with options for extensions) and adds approximatelyUSD 160 million of firm revenue backlog to the group (excluding the rate payable for any optional extensions of the Contract). Charter hire for the Drillship will start to accrue under the Contract from the time of delivery. The Company expects to be in a position to pay dividends from the year 2024, and will in due time resolve and disclose a dividend policy for the Company.Svend Anton Maier , CEO of the Company, commented: "We are very pleased to have completed the reactivation project for the "Deep Value Driller" drillship and to have successfully delivered the drillship toSaipem . We expect the drillship to be a key contributor toSaipem and their customer's drilling activities in the years to come." ContactsSvend Anton Maier , CEO +47 41 42 71 29 sam@deepvaluedriller.no About Deep Value DrillerDeep Value Driller AS is a drillship-owning company which owns the high specification UDW 7th generation drillship "Deep Value Driller", built in 2014. As part of its strategy, the company has an ambition to create and maximise value for its customers and investors, while at the same time ensuring safe and sustainable operation of its drillship. For further information, visit www.deepvaluedriller.no. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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