Glazer Capital crosses 5% ownership threshold in Shelf Drilling

On September 2, 2025, Glazer Capital, LLC, acting as the discretionary investment manager for its investment funds and managed accounts, acquired 481,193 shares in Shelf Drilling, Ltd. This acquisition pushed Glazer Capital's total holdings above the 5% reportable threshold, as mandated by sections 4-2 and 4-3 of the Norwegian Securities Trading Act. None of the individual funds or managed accounts managed by Glazer Capital independently exceed the reporting threshold, making this an aggregate notification.

Following the transaction, Glazer Capital, LLC, now controls a combined total of 13,270,218 voting rights and financial instruments with similar economic effect, representing 5.1758% of Shelf Drilling's outstanding votes and shares. This total comprises 12,770,218 voting rights directly attached to shares, accounting for 4.9808% of the total, and an additional 500,000 voting rights through financial instruments, specifically total equity return swaps, representing 0.1950%. The cash-settled equity return swaps allow for economic exposure without direct share ownership.

Paul J. Glazer is the ultimate controlling natural person. Glazer Capital, LLC's registered office is located in Dover, Delaware, USA, with a contact address in New York, NY, USA. This announcement provides a comprehensive view of Glazer Capital's increased influence within Shelf Drilling, Ltd.