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NEW SHARE CAPITAL (BORR)

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

HAMILTON, BERMUDA, MARCH 27, 2017 – REFERENCE IS MADE TO THE PRESS RELEASE PUBLISHED 21 MARCH 2017 REGARDING THE COMPLETION OF THE EQUITY OFFERING. ALL SHARES WILL BE DELIVERED TO THE SUBSCRIBERS TODAY, AND AS A CONSEQUENCE BE TRADABLE FROM AND INCLUDING TODAY.

THE COMPANY WILL AS A RESULT OF THIS AND EXERCISE OF 9,687,500 WARRANTS HAVE 315,792,500 ISSUED SHARES, EACH WITH A PAR VALUE OF USD 0.01, CONSTITUTING A SHARE CAPITAL OF USD 3,157,925

http://www.vpff.no/NOTC/NOTC-nyheter

Registered office

Borr Drilling Limited

S.E. Pearman Building, 2nd Fl,
9 Par-la-Ville Road,
Hamilton HM11,
Bermuda

London office

Borr Drilling Management (UK) Ltd.
70 Victoria Street
6th Floor, The Zig Zag Building
London SW1E 6SQ
United Kingdom

Aberdeen office

Regional office

Pavilion 4
Westpoint Business Park
Prospect Road, Westhill
Aberdeen AB32 6FE
United Kingdom

+44 (0) 1224 289200

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