Paragon Offshore Provides Fleet Status Report

HOUSTON, Oct. 17, 2016 -- Paragon Offshore plc (“Paragon”) (OTC:PGNPQ) announced today that it issued a report on drilling rig status and contract information as of October 17, 2016.  The report, titled "Fleet Status Report," can be accessed on the Company's website at www.paragonoffshore.com under the "Our Fleet" or "Investor Relations-Fleet Status Reports" sections of the website.

About Paragon Offshore
Paragon is a global provider of offshore drilling rigs.  Paragon’s operated fleet includes 34 jackups, including two high specification heavy duty/harsh environment jackups, four drillships, and two semisubmersibles. Paragon’s primary business is contracting its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a dayrate basis around the world. Paragon’s principal executive offices are located in Houston, Texas. Paragon is a public limited company registered in England and Wales with company number 08814042 and registered office at 20-22 Bedford Row, London, WC1R 4JS, England. Additional information is available at www.paragonoffshore.com. For additional information, contact:

For Investors & Media:
Lee M. Ahlstrom
Senior Vice President – Investor Relations, Strategy and Planning
+1.832.783.4040