Awilco Drilling Plc

Awilco Drilling PLC announces that Jens Berge, Chief Executive Officer, has decided to leave the Company with effect from 1 February to pursue other opportunities. Eric Jacobs, General Counsel in the Awilhelmsen Group, will act as interim Chief Executive Officer until the Board of Directors appoints a permanent replacement.

"The Board would like to thank Jens Berge for his contributions during the past two years as Awilco Drilling’s CEO and understands his decision to be relieved from his position to pursue other opportunities. We wish Jens Berge all the best in the future." says Mr Sigurd E. Thorvildsen, Chairman of the Board of Awilco Drilling PLC.

"With the cancellation of Awilco Drilling’s newbuild rigs, I feel that the prerequisites for my role have changed significantly. The Company has reached a crossroads and I have concluded that I would like to pursue new opportunities. However, Awilco Drilling is a great company and I wish the company and its skilled employees all the best." says Jens Berge.

Aberdeen, 31 January 2021

For further information please contact:

Eric Jacobs, interim CEO
Phone: +47 22 01 42 00

Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
Email: ch@awilcodrilling.com

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

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