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Borr Drilling Major Shareholding Notification 2020

May 22, 2020

6241_mrq_2020-05-22_a0c680fe-85a9-4ee9-a7e0-a99a665a09f2.html

Major Shareholding Notification

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Granular capital -- large share holding disclosure 22.05.20

Granular capital -- large share holding disclosure 22.05.20

Granular Capital Ltd has participated in the allocation of the Equity Offering by Borr Drilling Ltd ("Borr") (as described in the statements published by Borr on the Oslo Stock Exchange on 20 May and 21 May 2020 (the "Statements")).

Based on the confirmation of allocation received on 22 May 2020 ("Allocation") and before Final completion of the Equity Offering, Granular Capital Ltd has subscribed for and been conditionally allocated 14,230,769 Offer Shares, as defined in the Statements.

Before the Allocation, Granular Capital Ltd owned Amount 10,755,119 shares in Borr which constituted 9.58% of the shares and votes in Borr before the allocation.