Vantage Drilling Company (AMEX:VTG) has retained Lazard Freres & Co to advise with respect to financing and strategic opportunities. The Board of Directors has retained Lazard to evaluate financing opportunities, strengthen and expand management's analysis of the changing marketplace and provide an independent resource for evaluating the company's strategic plans. The outcome of this process cannot be determined at this time and may not be determined in the near term.

The company does not anticipate disclosure of developments concerning this process until the company determines that disclosure is necessary or appropriate.