Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the first quarter 2024

23 May 2024 07:30 CEST

Hamilton, Bermuda, May 23, 2024. Borr Drilling Limited (NYSE and OSE: BORR)
today announces that the Company's Board of Directors has approved a cash
distribution of paid-in capital of US$0.10 per share for the first quarter of
2024.

Note to shareholders registered in Euronext VPS, the Norwegian Central Security
Depository:

Due to implementation of the Central Securities Depository Regulation (CSDR) in
Norway, please note the information regarding the payment date for the shares
registered in Euronext VPS below.

Effective as of May 28, 2024, the New York Stock Exchange ("NYSE") will settle
its trades on a T+1 basis, while the Oslo Stock Exchange ("OSE") will continue
to settle its trades on a T+2 basis. As a result, there will be different ex
-dividend dates between the two exchanges, as set out below.

Key information:

Distribution amount: $0.10 per share

Declared currency: USD. Dividends payable to shares registered with Euronext VPS
will be distributed in NOK with fixing date on 17 June, 2024.

Date of approval: 22 May, 2024

Last day including right OSE: 30 May, 2024

Last day including right NYSE: 31 May, 2024

Ex-date OSE: 31 May, 2024

Ex-date NYSE: 3 June, 2024

Record date OSE/NYSE: 3 June, 2024

Payment date: On or about 17 June, 2024.

Due to the implementation of CSDR in Norway, distributions payable on shares
registered with Euronext VPS is expected to be distributed to Euronext VPS
shareholders on or about 20 June, 2024.

This information is published in accordance with the requirements of the
Continuing Obligations.

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

More information:
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