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

Oslo, 17 February 2026: Reference is made to the stock exchange announcement made by Deep Value Driller AS ("DVD" or the "Company", and together with its subsidiaries, the "Group") on 29 December 2025 regarding extension of the Company's Amended Bareboat Charter with Saipem and extension of Saipem's exercise period for the purchase option (the "Purchase Option") to acquire the Group'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 Saipem for 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 not going to exercise the Purchase Option at the original terms, the Board of Directors of the Company believes that this agreement with Saipem provides the most favourable outcome for the Company's shareholders.

Completion of the Transaction with delivery of the Drillship is expected to take place sometime prior to expiry of the existing bareboat charter arrangement on 31 July 2026 ("Closing"), subject to customary Closing conditions, as well as final board approvals by the board of Saipem and the board of DVD, to be lifted within 25 February 2026. The existing bareboat charter arrangement with Saipem will remain in place until Closing occur, and charter hire will remain payable until 31 July 2026.

Following board approvals of the Transaction, DVD aims to continue to pay monthly dividend from March 2026 until the end of the bareboat charter where the intention is to distribute the net proceeds from the sale of the rig to the shareholders.

SB1 Markets AS is acting as financial adviser to DVD, and Wikborg Rein Advokatfirma 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.no

Einar J. Greve, Chairman of the Board +41 79 644 77 66 ejg@cipriano.no

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication by CEO Svend Anton Maier at the date and time set out herein, on behalf of the Company.

About Deep Value Driller

Deep Value Driller AS is a drillship-owning company which owns the high specification UDW 7th generation drillship "Deep Value Driller", built in 2014. As part of its strategy, the Company has an ambition to create and maximise value for its customers and investors, while at the same time ensuring safe and sustainable operation of its drillship. For further information, visit www.deepvaluedriller.no.

Forward Looking Statements

All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. Actual results may differ materially from those expected or projected in the forward-looking statements. The Company undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.