Borr Drilling Limited - Grant of Restricted Share Units and Performance Share Units

30 May 2024 22:30 CEST

Bermuda, May 30, 2024: The Board of Directors of Borr Drilling Limited (the
"Company") (OSE and NYSE "BORR") has today granted in total 1,000,000 time based
restricted share units ("RSUs") and performance based restricted share units
("PSUs"), to Patrick Schorn (CEO and Director), who is a person discharging
managerial responsibilities (PDMR) as defined by the Market Abuse Regulation.

The RSUs and PSUs will vest as follows:

· 500,000 RSUs will vest December 31, 2025

· 250,000 RSUs will vest December 31, 2026

· 250,000 PSUs will vest December 31, 2026

Each RSU and PSU represents one share in the Company, and will, once vested, as
resolved by the Company, be settled by shares. The award is conditional on
remaining as an executive with the Company at the date of vesting. The PSU award
will in addition be contingent on the total shareholder return performance of
the Company versus a certain set of industry peers.

Through this award, the Board of Directors aims to enhance the existing
incentive rewards to create the optimum long-term alignment between the
Company's shareholders and management.

PDMR notification form attached hereto.

This information is subject to the disclosure requirements in article 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

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

More information:
Access the news on Oslo Bors NewsWeb site

620286_240530_PDMR_Form_Schorn.pdf