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Borr Drilling Limited – Adjustment conversion price convertible bonds

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Hamilton, Bermuda, August 22, 2024

Reference is made to Borr Drilling Limited’s (“Borr Drilling” or the “Company”) (NYSE and OSE: ”BORR”) stock exchange releases related to the distribution to shareholders of $0.10 per share as announced on August 14, 2024 (the “Dividend”). 

In accordance with the loan agreement for the Company's USD 250,000,000 5% Senior Unsecured Convertible Bonds 2023/2028, ISIN NO0012828187, the Dividend has triggered an adjustment to the conversion price from USD 7.1347 to USD 7.0249 per share.

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

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