Borr Drilling Limited (BDRILL) – Share capital increase

Bermuda 23 March 2018

Reference is made to Borr Drilling Limited’s (“Borr Drilling” or the “Company”) stock exchange notice dated 23 March 2018 relating to the successful completion of the USD 250 million equity offering (the “Equity Offering”).

The 46,707,500 new shares (the “Offer Shares”) allocated in Tranche 1 of the Equity Offering have been validly issued and will following delivery against payment tomorrow be fully paid. Following issuance of the Offer Shares, the Company will have a share capital of USD 5,250,000, divided into 525,000,000 shares, each with a nominal value of USD 0.01 per share.

The Offer Shares have been issued and are registered in the Norwegian Central Securities Depository (VPS) with the Company’s ISIN number (BMG 1466R1088). The Offer Shares will be delivered to the allocated subscribers in the Equity Offering tomorrow 27 March 2018 against payment and will be listed on Oslo Børs under the ticker BDRILL from and including tomorrow.

About Borr Drilling

Borr Drilling Limited is an international drilling contractor incorporated in Bermuda in 2016 and listed on the Oslo Stock Exchange from 30 August 2017. Borr owns and operates jack-up drilling rigs of modern and high specification designs and provides services focused on the shallow water segment to the offshore oil and gas industry worldwide. Borr’s fleet comprises 16 jack-up drilling rigs and 10 units under construction with deliveries scheduled from 2018 to 2020.

Additional information is available at www.borrdrilling.com 

Important note.

This announcement is not being made in or into the United States of America, Canada, Australia, Japan, Hong Kong or in any other jurisdiction where it would be prohibited by applicable law. This distribution does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in the United States. The shares referred to herein will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration.