0146/00022021/el

Γενική Συνέλευση

S.D. STANDARD DRILLING PLC

SDSD

SDSD Extraordinary General Meeting

Attachments: 1. SDSD Notice of EGM 2. SDSD Proxy 3. SDSD Report of the BOD

Non Regulated

Publication Date: 15/12/2017

Cyprus- 14 December 2017Notice is hereby given that an Extraordinary GeneralMeeting ("EGM") of S.D.Standard Drilling Plc.(the "Company") will be held at11:30 am Cyprus local time (EET) on 10 January 2018, at the Business Office ofthe Company at 6 Maximou Michailidi Street, Maximos Plaza, Tower 3,4th Floor,3106 Limassol, Cyprus.Board of Directors proposes to increase the existingauthorized share capital by 50% as well as waving the pre-empting rightsgranted to the existing shareholders of the Company. If the resolutions in thenotice are approved by the EGM, the Board of Directors will have theauthorization to issue new shares going forward under certain conditions, fromthe date of the EGM to the Annual General Meeting in 2019.As of 14 December2017 the authorized share capital of the Company is USD 15 500 000 dividedinto 516 666 667 shares whereof 509 359 757 is already issued. If the upcomingExtraordinary General Meeting approves the proposed resolutions by the Boardof Directors, the Company's authorized share capital will be increased by USD7 750 000 to USD 23 250 000, divided into 775 000 000 ordinary shares of USD0,03 each. Hence the authorized but not issued shares will be 265 640 243shares.The Notice, Proxy Statement and Report of the Board of Directors forthe EGM will be distributed to the shareholders and it is also enclosed tothis message. The Notice will also be available on the Company's website atwww.standard-drilling.com.For further information please contact:GeneralManager Evangelia Panagide at +357 99 77 1116, orChairman of the Board MartinNes at +47 92 01 48 14