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Notice of Extension of the Procedural Deadlines and Time Periods of the Corporate Reorganization Proceedings

2018-12-25

To Whom It May Concern,

Japan Drilling Co., Ltd. and Japan Drilling (Netherlands) B.V. ("Reorganization Companies") have been engaged in sponsorship negotiations with certain financial sponsor candidates, and expect that it will take further time to formulate a reorganization plan to be submitted to the Tokyo District Court.

Accordingly, the Reorganization Companies filed a petition to extend the procedural deadlines and time periods of the corporate reorganization proceedings pending before the Tokyo District Court (Case Number: Heisei 30 (Mi) No.1 and 2), and obtained an extension order from the court as of December 21, 2018.

The new deadlines and time periods of the corporate reorganization proceedings designated in the extension order are as follows:

Deadline for submission of the statement of approval or disapproval:

March 25, 2019
Ordinary period for investigation of filed reorganization claims, etc.: from April 1 to April 9, 2019.
Period for submission of the reorganization plan to be proposed by the Trustees: until June 19, 2019
Period for submission of the reorganization plan which may be proposed by the Reorganization Company, a holder of filed reorganization claim, etc. or shareholders: until June 12, 2019

Thanks to your cooperation, the businesses of the Reorganization Companies are making steady progress this year.

Please contact the Corporate Reorganization Department (phone: +81-3-5847-5858; available from 9:00 am to 6:00 pm on weekdays) for any questions or clarifications.

We very much appreciate your continued support.

Japan Drilling Co., Ltd., the Reorganization Company
Japan Drilling (Netherlands) B.V., the Reorganization Company
Yasuro Yasui, Trustee
Eiji Katayama, Trustee