Notes: On July 18, 2017, Paragon Offshore plc (OldCo) emerged from U.S. Bankruptcy reorganization. As part of the restructuring, certain direct and indirect subsidiaries of OldCo and certain other assets of OldCo and/or certain of its direct and indirect subsidiaries (which together constitute the ongoing operational business of the Paragon Offshore group) were transferred directly or indirectly to Paragon Offshore Limited, a newly formed Cayman Islands company (Paragon Offshore). OldCo will continue to exist as a separate entity subsequent to the Effective Date and its shares were not cancelled on the Effective Date; therefore, OldCo’s shares may continue to trade on over-the-counter markets. At this time, shares of Paragon Offshore are not traded on any market. Please note that OldCo and Paragon Offshore are two separate and distinct entities and any shares you may see traded of OldCo DO NOT represent the equity of the reorganized Paragon Offshore nor any right to receive any equity or other interest in (or property of) Paragon Offshore._______________July 11, 2014 -- Noble Corporation plc (NYSE: NE) announced today that its board of directors has approved the spin-off of Paragon Offshore plc, a wholly-owned subsidiary of Noble, through a pro rata distribution of an aggregate of 84,753,393 Paragon ordinary shares to the holders of Noble ordinary shares. Noble shareholders will receive one ordinary share of Paragon for every three ordinary shares of Noble held on the record date of the distribution, July 23, 2014. Subject to the satisfaction of the conditions to the spin-off, the distribution is expected to occur on August 1, 2014. Following the distribution of the Paragon ordinary shares, Paragon will be a separate, publicly traded company, and Noble will not retain any ownership interest in Paragon. Paragon has applied to list its ordinary shares on the New York Stock Exchange (NYSE) under the symbol PGN.