Borr Drilling — Regulatory Filings 2021

Jun 29, 2021

Borr Drilling Limited - Notice from NYSE regarding Continued Listing Standard

Borr Drilling Limited - Notice from NYSE regarding Continued Listing Standard

June 29, 2021, Borr Drilling Limited (the "Company" or "Borr") (NYSE: BORR, OSE:

BDRILL) announces that the Company has received written notice from the New York

Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE

continued listing standard with respect to the minimum average share price

required by the NYSE because the average closing price of its common shares had

fallen below $1.00 per share over a period of 30 consecutive trading days.

Under the NYSE rules, the Company can regain compliance with this standard and

cure this deficiency if, during the six-month period following receipt of the

NYSE notice, on the last trading day of any calendar month or on the last

trading day of this six-month cure period, the Company's common shares have a

closing share price of at least $1.00 and an average closing share price of at

least $1.00 over the 30-trading day period ending on the last trading day of

that month or the last trading day of the cure period, which for the Company

means December 4, 2021.

The Company has responded to the NYSE to confirm its intent to cure this non

-compliance. During this period, the Company's common shares will continue to be

traded on the NYSE subject to the Company's compliance with other applicable

NYSE listing requirements.

Hamilton, Bermuda,

June 29, 2021

Forward looking statements

This press release includes forward looking statements, which do not reflect

historical facts and may be identified by words such as "plan", "may",

"believe", "continue", "estimate", "expect", "intends", "may", "should", "will"

and similar expressions and include statements relating to the notice from the

NYSE as to non-compliance with the minimum price rule and the Company's plan to

regain compliance, and other non-historical statements. Such forward-looking

statements are subject to risks, uncertainties, contingencies and other factors

could cause actual events to differ materially from the expectations expressed

or implied by the forward-looking statements included herein, including risks

related to the Company's ability to be able to regain compliance with NYSE rules

and maintain its listing on the NYSE and other factors described in the section

entitled "Risk Factors" in our filings with the Securities and Exchange

Commission. Such risks, uncertainties, contingencies and other factors could

cause actual events to differ materially from the expectations expressed or

implied by the forward-looking statements included herein.  These forward

-looking statements are made only as of the date of this release. We do not

undertake to update or revise the forward-looking statements, whether as a

result of new information, future events or otherwise.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.