Borr Drilling — Share Issue/Capital Change 2022

Aug 26, 2022

Borr Drilling Limited - Increase in share capital

Borr Drilling Limited - Increase in share capital

Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE:

"BORR") stock exchange releases related to the US public offering of 76,363,071

shares to be listed on the New York Stock Exchange at a subscription price at

USD 3.60 per Offer Share.

Following the settlement of this offering, the Company's issued share capital

increased by $7,636,307.10 to $22,926,359.80, divided into 229,263,598 shares,

each with a nominal value of $0.10 per share.

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

-12 of the Norwegian Securities Trading Act.

Hamilton, Bermuda, 26 August 2022