Reference is made to the stock exchange release as of 23 November 2021, where the Company published that it had entered into a Memorandum of Agreement to sell one (1) large Norwegian built Platform Supply Vessel, Standard Princess for USD 10.3 million. The transaction was completed today on 29 December 2021. S.D Standard Drilling Plc. has, through its subsidiary, Standard Princess AS, received the transaction amount in full. Following the sale, the Company will control, in addition to the investment portfolio, directly and indirectly, a fleet of 7 PSVs; two (2) large PSVs 100% owned and five (5) medium-sized PSVs with approximately 28% ownership interest.