Borr Drilling Limited – Update
Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) refers to an article initially published in the Norwegian newspaper “Dagens Næringsliv” today, which refers to a potential alternative plan discussed by two creditors. The Board and Management are highly confident that the Company can execute the liquidity improvement plan and equity raise as announced in a press release on 24 December 2020. The Company is working closely and constructively with all lenders to achieve the best possible solution for all stakeholders. Hamilton, Bermuda 13 January 2021 Forward looking