Borr Drilling — Major Shareholding Notification 2024

Nov 22, 2024

Disclosure of shareholding

Disclosure of shareholding

Funds managed by Orbis Investment Management Limited (“OIML”) have on 21 November 2024 sold 472,297 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 funds managed by OIML (“Funds”) own in aggregate 13,204,019 shares in Borr, which constitutes 4.99% of the shares and votes in Borr. This figure does not include exchangeable bonds (ISIN NO0012828187) in Borr owned by the Funds, which bring the aggregate total holdings above the 5% threshold if counted on an "as converted" basis. The foregoing calculations are based on 264,080,391 outstanding shares in Borr.

This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act