Borr Drilling — Share Issue/Capital Change 2023

Feb 23, 2023

Borr Drilling Limited - SGM Results Notification

Borr Drilling Limited - SGM Results Notification

Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") advises that a

Special General Meeting of the Company was held on February 23, 2023 at 09:00

ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM

11, Bermuda.

The following resolution was passed:

To approve the increase of the Company's authorized share capital from

US$25,500,000.00 divided into 255,000,000 common shares of US$0.10 par value

each to US$31,500,000.00 divided into 315,000,000 common shares of US$0.10 par

value each by the authorization of an additional 60,000,000 common shares of

US$0.10 par value each.

The increase in authorized share capital is a condition for the Company to

complete the settlement of the previously announced convertible bond offering.

Hamilton, Bermuda

February 23, 2023

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