Vantage Drilling International Ltd. – Announcement of Contract Termination

Core Points - Vantage Drilling International Ltd. has announced the immediate termination of the contract for the Platinum Explorer due to changes in economic sanctions, making the contract execution unlawful [1] - The campaign was originally planned for approximately 260 days [1] Company Overview - Vantage Drilling International Ltd. is an offshore drilling contractor based in Bermuda, primarily engaged in contracting drilling units, related equipment, and work crews on a dayrate basis for oil and natural gas wells globally [3] - The company serves major, national, and independent oil and gas companies and also provides management services for drilling units owned by others [3]