NorAm Drilling AS – PDMR Notification Following Option Exercise

Oslo, Norway, May 28, 2026 NorAm Drilling AS (“NorAm Drilling” or the “Company”) announces that the outgoing IR & Strategy Director Marius Furuly has on May 28, 2026 exercised 40,000 options to acquire shares in the Company.

Following this exercise of options, Marius Furuly owns 58,108 shares in the Company.

Please find further details in the enclosed form.

For further queries, please contact: Sander Borgli, Director of IR and Strategy Tel: +47 95455604 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