Borr Drilling - Director's Dealing 2020

Borr Drilling Limited - Mandatory notification of trades

Reference is made to Borr Drilling Limited's ("Borr Drilling") (NYSE: "BORR",

OSE: "BDRILL") stock exchange announcements of September 30, 2020, relating to

the successfully completed equity offering through the subscription and

allocation of 51,886,793 new depositary receipts (the "Offer Shares"),

representing the beneficial interests in the same number of the Borr Drilling's

underlying common shares, each at a subscription price of USD 0.53 per Offer

Share, equivalent to NOK 5.01 per Offer Share (the "Subscription Price"),

raising gross proceeds of USD 27.5 million (the "Equity Offering"). The Offer

Shares will be listed on Oslo Stock Exchange.The following primary insiders of

Borr Drilling have subscribed for and been conditionally allocated the following

Offer Shares at the Subscription Price:

Paal Kibsgaard, Chairman of the Borr Drilling's Board of Directors: 120,000

Offer Shares. After delivery, Kibsgaard will own 452,069 shares in the Company.

Companies affiliated with Director and Vice Chairman Tor Olav Trøim: 4,579,377

Offer Shares. After delivery, Trøim and his affiliated parties will represent an

ownership in Borr Drilling of 14,210,719 shares in the Company, or 6.8% of the

outstanding shares.

Patrick Schorn, Chief Executive Officer of Borr Drilling: 981,000 Offer Shares.

After delivery, Mr. Schorn will own 1,000,000 shares in the Company.

September 30, 2020

Hamilton, Bermuda

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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