Borr Drilling - Share Issue/Capital Change 2017

Borr Drilling Limited - Share capital increase

Reference is made to Borr Drilling Limited's ("Borr

Drilling" or the "Company") stock exchange notice dated 9

October 2017 relating to the successful completion of the

USD 650 million equity offering (the "Equity Offering").

The 162,500,000 new shares (the "Offer Shares") allocated in

the Equity Offering have been validly issued and will

following delivery versus payment tomorrow be fully paid.

Following issuance of the Offer Shares, the Company has a

share capital of USD 4,782,925, divided on 478,292,500

shares, each with a nominal value of USD 0.01 per share.

The Offer Shares have been issued and are registered in the

Norwegian Central Securities Depository (VPS) with a

separate ISIN number (BMG1466R1245). The Offer Shares will

be delivered to the allocated subscribers in the Equity

Offering tomorrow 11 October 2017 against payment and will

be listed on Merkur Market under the ticker BDRILL-ME from

and including tomorrow.

The Offer Shares are expected to be converted to the

Company's original ISIN number and be listed and tradable on

Oslo Børs on or about 20 October 2017, subject to approval

of a listing prospectus by the Norwegian Financial

Supervisory Authority.

About Borr Drilling

Borr Drilling is an international drilling contractor that

owns and operates jack-up rigs of modern and high-

specification designs providing drilling services to the oil

and gas exploration and production industry worldwide in

water depths up to approximately 400 feet. With a low cost

base, a strong and experienced organisational culture,

combined with a unique capital structure, Borr Drilling is

built to make a difference.

Additional information about Borr Drilling can be found at

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