The Board of Directors of Seabed Drills today declared a quarterly dividend of one dollar and thirty-four cents ($1.34) per share, an increase of five cents ($0.05) per share or approximately 4 percent. The dividend is payable June 10, 2021, to all holders of common stock as shown on the transfer records of the Drills at the close of business on May 19, 2021.

This increase puts Seabed on track to make 2021 the 34th consecutive year with an annual dividend payout per share increase.

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