VENTURA OFFSHORE HOLDING LTD.: Grant of share options

5 September 2024. Reference is made to the stock exchange announcements published by Ventura Offshore Holding Ltd. (the "Company") on 27 June 2024 regarding the contemplated private placement in the Company whereby it was also announced that the board of directors of the Company (the "Board") had resolved to establish an option program for the Company's senior management and key employees. Today the Board approved the award and allocation of 1,325,000 share options, at a strike price of NOK 30 per share option, to the members of the Company's management and key employees pursuant to the option program. For more information regarding allocation to primary insiders see the attached mandatory notifications of trades. This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act. For further queries, please contact: Gunnar W. Eliassen Chairperson of the Company +44 7469140012 gunnar@snclondongroup.com About Ventura Offshore Holding Ltd. Ventura Offshore Holding Ltd. is a deep water drilling contractor providing deep water offshore drilling services to the oil and gas industry. The Company's core activities are focused in the Brazilian offshore oil and gas market. The Company owns and operates one drillship, DS Carolina, and two semisubmersible drilling rigs, SSV Victoria and SSV Catarina, and manages one drillship, Zonda. The Company is incorporated under the laws of Bermuda.