Deep Value Driller AS - Agreement to sell the Deep Value Driller

Oslo, 17 February 2026: Reference is made to the stock exchange announcementmade by Deep Value Driller AS ("DVD" or the "Company", and together with itssubsidiaries, the "Group") on 29 December 2025 regarding extension of theCompany's Amended Bareboat Charter with Saipem and extension of Saipem'sexercise period for the purchase option (the "Purchase Option") to acquire theGroup's 7th generation mobile offshore drilling vessel "Deep Value Driller"(the"Drillship").DVD is today pleased to announce an agreement to sell the Drillship to Saipemfor a total purchase price of USD 272.5 million payable in cash (the"Transaction").After an assessment of available options and acknowledging that Saipem was notgoing to exercise the Purchase Option at the original terms, the Board ofDirectors of the Company believes that this agreement with Saipem provides themost favourable outcome for the Company's shareholders.Completion of the Transaction with delivery of the Drillship is expected totakeplace sometime prior to expiry of the existing bareboat charter arrangement on31 July 2026 ("Closing"), subject to customary Closing conditions, as well asfinal board approvals by the board of Saipem and the board of DVD, to beliftedwithin 25 February 2026. The existing bareboat charter arrangement with Saipemwill remain in place until Closing occur, and charter hire will remain payableuntil 31 July 2026.Following board approvals of the Transaction, DVD aims to continue to paymonthly dividend from March 2026 until the end of the bareboat charter wheretheintention is to distribute the net proceeds from the sale of the rig to theshareholders.SB1 Markets AS is acting as financial adviser to DVD, and Wikborg ReinAdvokatfirma AS is acting as legal adviser in connection with the transaction.For further information, please contact:Svend Anton Maier, CEO +47 41 42 71 29 sam@deepvaluedriller.noEinar J. Greve, Chairman of the Board +41 79 644 77 66 ejg@cipriano.noThis information is considered to be inside information pursuant to the EUMarket Abuse Regulation and is subject to the disclosure requirements pursuantto section 5-12 of the Norwegian Securities Trading Act. The information wassubmitted for publication by CEO Svend Anton Maier at the date and time setoutherein, on behalf of the Company.About Deep Value DrillerDeep Value Driller AS is a drillship-owning company which owns the highspecification UDW 7th generation drillship "Deep Value Driller", built in2014.As part of its strategy, the Company has an ambition to create and maximisevalue for its customers and investors, while at the same time ensuring safeandsustainable operation of its drillship. For further information, visitwww.deepvaluedriller.no.Forward Looking StatementsAll statements in this press release other than statements of historical factare forward-looking statements, which are subject to a number of risks,uncertainties and assumptions that are difficult to predict and are based uponassumptions as to future events that may not prove accurate. Actual resultsmaydiffer materially from those expected or projected in the forward-lookingstatements. The Company undertakes no responsibility or obligation to updateoralter forward-looking statements for any reason.https://newsweb.oslobors.no/message/666021