Borr Drilling - Director's Dealing 2018

Borr Drilling Limited (BDRILL) - Mandatory Notification of Trade

Fredrik Halvorsen, a director of Borr Drilling Limited (the "Company"), is the

direct owner of 6,000,000 shares in the Company. He furthermore controlled

12,271,100 shares held by Ubon Partners AS (where he was a 33,33 % shareholder).

The three shareholders in Ubon Partners AS has, effective on 30 november 2018,

agreed to a restructuring of their ownership therein. Mr. Halvorsen and Mr. OJ

Winge has thus acquired Mr. Geir L. Olsen's shares whereafter they will own 50 %

each of Ubon Partners AS.

Mr. Olsen will, following the restructuring through Andenes Investment S.L.,

acquire the majority of Ubon Partners AS' shares in companies active in the

financial sector. Also, Mr Olsen has today acquired 1,000,000 shares in the

Company. The shares were acquired at NOK 24.00.

Following the restructuring of Ubon Partners AS, Mr Halvorsen's beneficial

ownership in Borr Drilling has increased to 11,635,550 shares (from 10,090,367).

Consequently, Mr Halvorsen controls 17,271,100 shares directly and indirectly

through his ownership in Ubon Partners AS.

12 December 2018

This information is subject to disclosure requirements pursuant to Sections 4-2

and 5-12 of the Norwegian Securities Trading Act.

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