On 21 May 2015, funds managed by QVT Financial LP
("QVT") sold an aggregate 1,000,000 shares in Awilco
Drilling Plc at a price of NOK 50 per share.
QVT hereafter owns a total of 1,910,062 shares in
Awilco Drilling Plc, or 6.36% of the registered share
capital. QVT's CEO and founder, Dan Gold, is a member
of the board of directors of Awilco Drilling Plc.
For further information, please contact Meg Eisner at
QVT Financial LP at +1 (212) 705-6229.