Borr Drilling — Share Issue/Capital Change 2022

May 1, 2022

Borr Drilling Limited - Increase in share capital

Borr Drilling Limited - Increase in share capital

Borr Drilling Limited (OSE, NYSE: BORR) has during the month of April 2022

issued 828,056 new common shares at the New York Stock Exchange under the At-The

-Market program announced on July 6, 2021, at an average price of $ 4.408 per

share. Following such issuance, Borr Drilling has an issued share capital of $

15,290,150.80 divided into 152,901,508 common shares with a par value of $0.10

per share.

April 30, 2022

The Board of Directors

Borr Drilling Limited

Hamilton, Bermuda

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

-12 of the Norwegian Securities Trading Act.

Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208