Borr Drilling — Share Issue/Capital Change 2021

Dec 14, 2021

Borr Drilling Limited (BDRILL) - Reverse share split information

Borr Drilling Limited (BDRILL) - Reverse share split information

Reference is made to announcements from Borr Drilling Limited (the "Company") as

of December 7, 2021 and December 10, 2021. The shares in the Company will today

be traded ex reverse split with new ISIN BMG1466R1732 and new par value. Ratio:

2 old shares give 1 new share.

Following completion of the reverse share split and adjustment for fractional

shares, the new number of issued shares of the Company will be 137,218,175, each

with a par value of USD 0.10, and the new share capital will be USD

13,721,817.50.

December 14, 2021

Borr Drilling Limited

Hamilton, Bermuda

This information is published in accordance with the requirements of the

Continuing Obligations and applies to shares listed on Oslo Stock Exchange.