Vantage Drilling International (VDI) Investor presentation summary

Transaction overview

• Sale of two jack-up rigs, Soehanah and Topaz Driller, for a combined $190 million in cash, with customary working capital adjustments.

• Soehanah sold via share sale for $85 million; Topaz Driller sold as an asset for $105 million.

• Both sales are subject to conditions precedent, including client acceptance and debt documentation.

Management and support agreements

• Three-year performance-based management agreements for both Topaz and Soehanah, each valued at $3 million annually.

• Emerald Driller support agreement extended for $1.5 million.

Financial and operational impacts

• Client mobilization and upgrades reimbursement of $29 million to be received.

• Revolving credit facility settlement of $25 million planned post-transaction.

• Bond redemptions to occur following both rig sales.