Borr Drilling - Remuneration Information 2021

Borr Drilling Limited - Notification of PDMR Trades

Borr Drilling Limited (the "Company") has: (i) allocated and will deliver 96,785

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: 12,500 shares, constituting part of his

remuneration for Q1 2021. After delivery Mr. Kibsgaard, with close associates,

will own 1,125,000 shares in the Company.

A company affiliated with director and Vice Chairman Tor Olav Trøim: 25,934

shares, constituting part of his remuneration for Q1 2021. After delivery Mr.

Trøim, with close associates, will own 17,783,203 shares in the Company.

Kate Blankenship, Director: 32,417 shares, constituting part of her remuneration

for Q1 2021. After delivery Mrs. Blankenship, with close associates, will own

360,018 shares in the Company.

Neil Glass, Director: 25,934 shares constituting part of his remuneration for Q1

2021. After delivery Mr. Glass, with close associates, will own 232,205 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 New York Stock Exchange at 31 March 2021, which

was USD 0.964.

Bermuda 14 July 2021

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

of the Norwegian Securities Trading Act.

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