Borr Drilling Limited – PDMR notification

Borr Drilling Limited (NYSE and OSE: BORR) (the “Company”) refers to the release on November 18, 2022, in relation to the grant of 88,584 Restricted Share Units (“RSUs”) to its directors, discharging managerial responsibilities ("PDMRs"). Each RSU represented one share in the Company. The RSUs vested in full on September 30, 2023, and was delivered from shares held in treasury on October 6, 2023, to the following directors:

- Director and Chairman Tor Olav Trøim: 29,528 shares. After delivery Mr. Trøim, with close associates, will own 15,822,385 shares in the Company.  

- Kate Blankenship, Director: 29,528 shares. After delivery Mrs. Blankenship, with close associates, will own 224,997 shares in the Company. 

- Neil Glass, Director of Borr Drilling: 29,528 shares. After delivery Mr. Glass, with close associates, will own 165,124 shares in the Company. 

PDMR notification form attached hereto.

Hamilton, Bermuda

8 October 2023

This information is subject to the disclosure requirements in Article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

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