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Regulatory press release

ODL - Major shareholding notification

Northern Drilling
Reference is made to the announcement of Northern Drilling Ltd relating to the
issue of 18,433,188 new shares in a subsequent offering. Hemen Holding Limited
holds 313,971,440 shares in the company (unchanged), which after the issue of
the subsequent offering shares corresponds to approx. 89.4% of the shares and
votes of the Company.
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