Vantage Drilling's Offshore Unit Reports Proposed Offering of New Senior Secured First Lien Notes

Vantage Drilling Company ("Vantage," or the "Company")

announced today that its wholly-owned subsidiary Offshore Group Investment Limited (the "Issuer") intends to offer, subject to market and other conditions, $600 million in aggregate principal amount of its Senior Secured First Lien Notes due 2023 (the "Notes"). The Notes will be guaranteed by Vantage and each of the Issuer's existing and future subsidiaries and by certain of Vantage's other subsidiaries and will be senior secured obligations of the Issuer and the guarantors. The Issuer expects to use the net proceeds from this offering, if completed, to pay a portion of the total consideration and accrued and unpaid interest on its previously announced cash tender offer for any or all of its existing 11 1/2% Senior Secured First Lien Notes due 2015.