Offshore

Skrik
22.11.2018 kl 21:07 4084

Limassol, 22 November 2018

S.D. Standard Drilling Plc ("SDSD" or the "Company") has entered into an
agreement to acquire 2,673,749 shares in New World Supply Ltd. ("NWS"),
corresponding to approximately 8.23% of the total outstanding shares in NWS (the
"Transaction"). Prior to the Transaction, the Company had a 26.2% ownership of
NWS. As such, following the Transaction the Company will hold approximately
34.4% of the total outstanding shares in NWS.

As consideration for the 2,673,749 shares in NSW, SDSD will pay USD 1.830,866 to
the sellers. The Transaction will be completed within a few days.

NWS is a Cayman Island exempted company that, through its wholly owned
subsidiaries, owns four (4) 2013 built 3300 CD Platform Supply Vessels ("PSV") ;
World Diamond, World Peridot, World Pearl and World Opal. SDSD will through the
Transaction strengthen its ownership in a fleet of mid-size PSV's acquired at
favourable prices.

For further information please contact:

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