NorAm Drilling AS - Mandatory Notification of Trade by Primary Insider

Oslo, Norway, 9 October, 2026

NorAm Drilling AS has today received a trade notification that Marius W. Rønnevik (through Koffardi AS), member of the Company's board of directors, has on 9 October 2026 acquired a total of 4,000 shares in NorAm Drilling AS at a price of NOK 46.35 per share. Following the transaction, Marius W. Rønnevik through Koffardi AS holds a total of 4,000 shares in the Company.

The notification concerning acquisition of shares is attached hereto.

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

About NorAm Drilling NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the largest oil producing region in North America. NorAm Drilling is debt free and has industry leading operating margins. The Company has a full pay-out dividend strategy, targeting frequent cash distributions in a profitable market.

www.noramdrilling.com