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June 17, 2022

To

BSE Ltd

National Stock Exchange of India Ltd

Phiroze Jeejeebhoy Towers

Exchange Plaza, 5th Floor

21st Floor,

Plot No :: C/1 G Block

Dalal Street

Sandra - Kurla Complex

Mumbai 400 001.

Sandra {E),Mumbai 400 051

Scrip Code:: 523204

Scrip Code :: ABAN

Through :: BSE Listing Centre

Through :: NEAPS

Dear Sir,

Sub: Sale of Jack-up Rig Deep Driller 7

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please be informed that the Board at their meeting held on 26 May,2022 had approved the sale of Jack­ up Rig Deep Driller 7 owned by our step down subsidiary Deep Drilling 7 Pte Ltd subject to approval of shareholders and other requisite approvals. The Sale and Purchase Agreement between the parties was entered into today. The details are as under:

S.No.

Particulars

Details

a)

The amount and percentage of the turnover or revenue or

Nil as the rig was stacked.

income and net worth contributed by such unit or division of

b)

the listed entity during the last financial year

1i" June 2022

Date on which the agreement for sale has been entered into

c)

The expected date of completion of sale/disposal

061" August 2022

or about

d)

Consideration receivable from such sale/disposal

USD 30,000,000

e)

Brief details of buyers and whether any of the buyers belong

Rs.234 Crores.

Shelf Drilling Services Limited

to the promoter/promoter group companies

The buyer is not related to the

promoter/promoter

group of

companies.

  1. Whether the transaction would fall within related party No transactions

Whether the sale is in the nature of Slump sale

No.

Kindly take the information on record.

Thanking you

Your

  • shore Limited
    ral Manager (Legal) & Secretary

Regd. Office : Janpriya Crest, 113, Pantheon Road, Egmore, Chennai - 600 008. India

'f.JI!.

CIN: L01119TN1986PLC013473 Phone: 91 4 �90oU-6U6 ax791Tf4"4 Z8T9n52T

e-mail: abanoffshore@aban.com website : www.abanoffshore.com

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Aban Offshore Ltd. published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 11:32:00 UTC.