North Atlantic Drilling Ltd. Files for Initial Public Offering

North Atlantic Drilling Ltd. (NADL, or the Company) announced today that it has filed its first amended registration statements with the United States Securities and Exchange Commission (SEC) in connection with its initial public offering and concurrent offer to exchange previously issued unregistered common shares, other than the common shares owned by affiliates of NADL, for common shares that have been registered under the Securities Act of 1933, as amended.  These filings follow NADL's announcement on October 11, 2013 that it would proceed with an independent listing of its shares on the New York Stock Exchange (NYSE). The initial public offering of NADL's common shares and concurrent exchange offer are expected to commence after the SEC completes its review process. The amended registration statements on Form F-1 (File No. 333-185394) and Form F-4 (File No. 333-185395) can be publicly accessed through the EDGAR system available at http://www.sec.gov. NADL has applied to list its common shares on the NYSE under the symbol "NADL".

Morgan Stanley will act as the Global Coordinator and Lead Bookrunner for the initial public offering. The offering of the common shares will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 will be made available when the SEC has completed its review process.

Registration statements relating to these securities have been filed with the SEC but have not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statements become effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statements, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.