Borr Drilling — Share Issue/Capital Change 2018

Sep 20, 2018

Borr Drilling Limited: Block sale of existing shares completed.

Borr Drilling Limited: Block sale of existing shares completed.

Oslo, 20 September 2018.

Reference is made to the stock exchange notice published on 19 September 2018 regarding a potential block sale of existing shares in Borr Drilling Limited (the "Company") by an unnamed financial investor (the "Seller").

The Seller has sold 17,071,440 shares in the Company, representing approximately 3.2% of the Company's outstanding shares, at NOK 35.50 per share (the "Placing").

Following the Placing, the Seller holds no shares in the Company.

Pareto Securities AS acted as manager and bookrunner in the Placing.