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Regulatory press release

Major Shareholding Notification - Shelf Drilling Ltd (SHLF NO Equity

Shelf Drilling
Caius Capital LLP, a FCA regulated entity under Reference Number 735887 acting
as an Alternative Investment Fund Manager for three underlying clients. As at
the close of business on Tuesday 25th March 2025, held 12,762,959 shares of
Shelf Drilling Ltd having ISIN KYG236271055 representing a 4.97% shareholding of
the issued share capital of the company and meeting the requirement to report
the position for a public disclosure as per sections 4-2 and 4-3 of the
Norwegian Securities Trading Act and chapter 4 of the Norwegian Securities
Regulations.

1. Name of the person subject to the notification requirement: Caius Capital LLP
2. Background for the notification: Falling below 5% holding threshold
3. Name of the issuer: Shelf Drilling Ltd
4. Description of the financial instrument: Equity
5. Type of transaction: SELL
6. Timing of and market for the transaction: 25th March 2025
7. Price and volume of the transaction: 59,507 shares @ 7.9065
8. Holding after the transaction: 12,762,959 (4.97%)
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