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Investor Relations

Holding in Company

15 October 2018

Greka Drilling Ltd

("Greka Drilling" or the “Company")

Holding in Company

The Company became aware on 13 October 2018 that at that date Guaranty Finance Investors LLC held 44,457,641 shares in the Company (representing 11.16% of the Company’s issued shares capital).

Contacts:

Smith & Williamson

Nominated Adviser & Broker

Dr Azhic Basirov / David Jones / Ben Jeynes

+44 20 7131 4000

For more information on Greka Drilling, please visit the Company’s website at: www.grekadrilling.com.