Vantage Drilling Company Announces Intention to Offer $135 Million Senior Secured Callable Bonds Due 2011

HOUSTON, TX--(Marketwire - August 31, 2008) - Vantage Drilling Company ("Vantage") (AMEX: VTG.U) (AMEX: VTG) (AMEX: VTG.WS) today announced its intention to offer, subject to market and other conditions, approximately $135 million aggregate principal amount of Senior Secured Callable Bonds Due 2011 in a private placement to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended, and outside the United States in accordance with Regulation S under the Securities Act. The interest rate, security package and other terms of the bonds will be determined by negotiations between Vantage and the initial purchasers of the bonds.

Vantage intends to use a substantial portion of the net proceeds from the offering to pay the first installment of the purchase price of the drillship Platinum Explorer under Vantage's purchase agreement with Mandarin Drilling Company.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such state or jurisdiction. The bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any other securities laws. Accordingly, the bonds may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from the registration requirements of the Securities Act and other applicable securities laws.

Contact Information: Public & Investor Relations Contact: Paul A. Bragg Chairman and Chief Executive Officer Vantage Drilling Company (281) 404-4700