Borr Drilling - Director's Dealing 2021

Borr Drilling Limited - Notification of PDMR Trades

Borr Drilling Limited (the "Company") has: (i) allocated and will deliver

550,263 of the Company's shares, held in treasury and listed on Oslo Stock

Exchange, to four persons discharging managerial responsibilities ("PDMRs"), as

defined by the Market Abuse Regulation in their capacity as directors,

constituting part of their remuneration; and (ii) received corresponding trade

notifications from the PDMRs:

Paal Kibsgaard, director and chairman: 62,250 shares, constituting part of his

remuneration for Q4 2019 and 2020. After delivery, Kibsgaard, with close

associates, own 812,500 shares in the Company.

A company affiliated with director and Vice Chairman Tor Olav Trøim: 150,081

shares, constituting part of his remuneration for 2020. After delivery, Trøim

with close associates, own 17,557,269 shares in the Company.

Kate Blankenship, Director: 187,601 shares, constituting part of her

remuneration for 2020. After delivery, Blankenship, with close associates, own

287,601 shares in the Company.

Neil Glass, Director of Borr Drilling: 150,081 shares constituting part of his

remuneration for 2020. After delivery, Glass, with close associates, own 175,081

shares in the Company.

The transfer value of the transferred shares has been set to the closing trading

price of the Company's share on Oslo Stock Exchange at 17 March 2021, which was

NOK 10.19.

Bermuda 18 March 2021

This information is subject to disclosure requirements pursuant to Section 5-12

of the Norwegian Securities Trading Act.

AI assistant