NOTIFICATION OF MAJOR HOLDINGS

On 2 September 2025, Glazer Capital, LLC (the "Manager") acquired 481,193 shares in Shelf Drilling, LTD (ticker SHLF NO) (the "Company"), resulting in the Manager exceeding above the 5% reportable threshold of the voting rights and share capital in the Company.

Following the acquisition, Glazer Capital, LLC, together with and through its management of its funds and managed accounts, none of which individually exceeds the reporting threshold, controls a total of 13,270,218 shares through voting rights and financial instruments with similar economic effect, corresponding to 5.1758% of the votes and shares outstanding.

This disclosure is made pursuant to section 4-2 cf. section 4-3 of the Norwegian Securities Trading Act.

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