SDSD: ESPEN LANDMARK FJERMESTAD APPOINTED HEAD OF INVESTMENTS

03.06.2021 15:00

(Limassol, 3 June 2021) S.D. Standard Drilling Plc (Standard Drilling, OSE:SDSD) today announces the appointment of Espen Landmark Fjermestad as Head of investments. Fjermestad comes from the position as Head of research at Fearnley Securities and will strengthen the group's capabilities within shipping, offshore and renewables. "We´re pleased to announce the appointment of Espen Landmark Fjermestad as Head of investments. Espen brings a strong track-record within the shipping, offshore and renewable industries and will add valuable capacity and competence to our team. By appointing Espen as Head of investments we will aim to be more active in looking at investment opportunities across these industries " says Martin Nes, Chairman of the Board of Standard Drilling. Espen Landmark Fjermestad is appointed Head of investments at Standard Drilling and comes from the position as Head of research at Fearnley Securities. Fjermestrand has previously held positions at Storebrand Kapitalforvaltning and holds a Master of science from Copenhagen Business School. He will take up his new position latest by 1. September 2021. Fjermestad is granted 10 million options with a strike of NOK 1.25 after 18 months, in addition to 10 million options with a strike of NOK 1.40 after 30 months. The grant of the options is subject to General Assembly approval. ENDS For additional information, please contact: General Manager, Evangelia Panagide at +357 99 77 11 16 Chairman of the Board, Martin Nes at +47 92 01 48 14 Standard Drilling|www.standard-drilling.com S.D. Standard Drilling was founded in 2010. In addition to a 33.3% ownership of a VLCC, the company currently has 100% ownership interest in four large-size Platform Supply Vessels (PSVs) and an indirect ownership interest in six mid-size PSVs. S.D. Standard Drilling is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.