Borr Drilling — Major Shareholding Notification 2021

Jun 16, 2021

Disclosure of shareholding

Disclosure of shareholding

Orbis SICAV International Equity Fund (the “Fund”) managed by Orbis Investment Management Limited (“OIML”) have on 16 June 2021 sold 40,000 shares in Borr Drilling Ltd ("Borr"). OIML is wholly-owned by Orbis Holdings Limited, which is in turn majority-owned by Orbis Allan Gray Limited. Orbis Allan Gray Limited is wholly-owned by Allan & Gill Gray Foundation.

Following the sale, the Fund owns 13,718,817 shares in Borr which constitutes 4.99% of the shares and votes in Borr. Following the sale, the Orbis funds managed by OIML and Allan Gray Australia Pty Limited own in aggregate 12,66% of the shares and votes in Borr. The foregoing calculations are based on 274,436,351 outstanding shares in Borr.

This information is subject to the disclosure requirements set out in section 4-3 of the Norwegian Securities Trading Act