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Investor relations

Island Drilling has during the course of 2013 raised significant capital through a combination of external funding and new equity:

USD 140 mill. secured bond issue (2.prio) was established in April (of which USD 50 mill. was used to repay existing mezzanine loan)

NOK 285 mill. (USD 47,5 mill.) equity issue at NOK 0,10 per share in April in connection with the bond issue (100 shares was later consolidated into 1 share with a face value of NOK 10,- per share)

NOK 201 mill. (USD 33,5 mill.) equity issue at NOK 10,- per share in August

NOK 221 mill. (USD 36,8 mill. equity issue at NOK 10,- per share in September

In all a total of USD 207,8 has been raised.

Following this year’s equity issues and consolidation of shares the company’s share capital consists of 82 518 796 shares each with a face value of NOK 10,- / share, i.e. a total of NOK 825 187 960,-.

Island Drilling is OTC-listed in Oslo under the ticker ISDRILL(follow link to see the 130814 Ticker - Island Drilling Company ASA).