Borr Drilling Ltd

Regulatory Filings • Jan 6, 2026

Borr Drilling Limited - Contracting Updates

Borr Drilling Limited - Contracting Updates

Hamilton, Bermuda, January 6, 2026 - Borr Drilling Limited (NYSE and Euronext

Growth Oslo: "BORR") (the "Company") is pleased to announce new contract

commitments for two of its premium jack-up rigs.

In the Americas, the Ran has received a one-well extension with ENI in Mexico.

The well has an anticipated duration of 75 days, keeping the rig on firm

contract through March 2026. The remaining options under the contract allow for

240 days of extension beyond the end of the new committed term.

Additionally, the Odin has secured a contract for two wells plus an optional

well with an undisclosed operator in the United States of America. The campaign

is expected to commence mid-2026, with an estimated duration of 60 days per

well.

As a result of the Odin's new firm commitment, an option mechanism in the rig's

previously announced contract for work in the Gulf of America has been activated

that provides the customer Cantium with six months of optional period commencing

in January 2027.

Forward-Looking Statements

This press release and related discussions include forward-looking statements

made under the "safe harbor" provisions of the U.S. Private Securities

Litigation Reform Act of 1995. Forward-looking statements do not reflect

historical facts and may be identified by words such as "anticipate", "believe",

"continue", "estimate", "expect", "intends", "may", "should", "will", "likely",

"aim", "plan", "guidance" and similar expressions and include statements

regarding new contract commitments, including the commencement and duration

thereof, and other non-historical statements. Such forward-looking statements

are subject to risks, uncertainties, contingencies and other factors that could

cause actual events to differ materially from the expectations expressed or

implied by the forward-looking statements included herein, including risks

related to new contract commitments described herein, the commencement and

duration of such contracts, the potential revenues from such contracts, the

performance of our rigs under such contracts, whether contractual options are

exercised and the commencement and duration thereof, and other risks and

uncertainties, including those described in our annual report on Form 20-F for

the year ended December 31, 2024 and our other filings with and submissions to

the Securities and Exchange Commission. Such risks, uncertainties, contingencies

and other factors could cause actual events to differ materially from the

expectations expressed or implied by the forward-looking statements included

herein. These forward-looking statements are made only as of the date of this

release. We do not undertake to update or revise the forward-looking statements,

whether as a result of new information, future events or otherwise.

Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208